Belk On Business

Personal Finance Stability Indicators  Nearly three-fourths live paycheck to paycheck. Three in ten adults have no emergency savings. Two-thirds of Americans are one major catastrophe away from bankruptcy. 1) No credit card or unsecured debt 2) Have and follow a budget 3) Monitor net worth including equity positions in business investments 4) Savings rate of 15% 5) Two months of expenses in reserves 6) Insurance and plan for medical expenses 7) Life insurance – six to ten times your salary 8) On target for retirement