Headlines
- Wildfires Rage Across Dry U.S. Southwest
- The Panama Canal Expands
- Three NYPD Officers Arrested as Part of Corruption Probe
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The Importance of Emergency Savings
Did you know that most financial experts recommend setting aside enough money to cover three to six months' worth of expenses in the event of a major financial surprise? That's because a well-funded emergency account has the potential to get you through tough times without the need to spend other savings, such as assets earmarked for retirement and college.
The following tips will help you start saving more right away:
Stick to a Budget: Creating a budget is easier and more important than you may think.
Read more on Emergency Savings.
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The Markets
The world's stock markets took it on the chin last week.
A one-two punch was delivered with the Federal Open Market Committee (FOMC) meeting leading and concerns Britain will leave the European Union following.
On Wednesday, the Federal Reserve confirmed what many had suspected. There would be no June rate hike. There was unexpected news, too. The Fed lowered its projections for U.S. growth to 2 percent through 2018. Barron's reported the stance of various committee members had shifted from the previous meeting:
"At this week's confab, there were seven projections for two increases, to 0.875 percent, and six for a single hike, to 0.625 percent."
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By the Numbers
Notes: S&P 500, Gold, DJ-UBS Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized ... more important disclosure mentions found here. (We urge you to read the entire disclosure statement.)
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