This week, Feb. 25-March 2, is America Saves Week. The good folks organizing this event, the Consumer Federation of America (CFA) and the American Savings Education Council (ASEC), want to increase America’s rate of saving. Whether it’s saving for college, retirement, a car, a house or emergencies, Americans are all better off with a solid savings account.
Myself, I always try to put money aside for emergencies. In fact, in college I negotiated with my mom for the money I needed to stay in Ramen and text books. Eventually she noticed my requests were 10% higher than my expenses.