According to GoBankingRates.com’s survey, the percentage of Americans who have $1000 in savings went up by twelve percent last year! While $1000 isn’t much, hey, it’s a start!
Go Dave Ramsey Fans! While other financial gurus have talked about putting money aside, Dave is one of the most prominent who has talked about putting $1000 into an emergency savings account.
According to the same survey, the number of Americans with $10,000 or more in savings went up to 25% last year! They must have been really rocking that debt snowball.
Okay, by this time in the post are you wondering if this blog’s topic has changed to finances instead of food storage? Well, it hasn’t.
So what does your savings account have to do with food storage? I’ve been using a budgeting software called YNAB (You Need a Budget) that I HIGHLY recommend!
When I started with YNAB, they had me set up various categories – kinda like virtual envelopes for you Ramsey fans. Some of the categories that I set up within YNAB were, “Savings, Car, House, Vacation, Homeschool Books, Taxes, Car tags, and Birthday gifts.”
All of these categories needed funding, but the one that needed funding first was my “Savings.” Why? Because a general savings account needs to be funded before we talk about saving for things like a vacation or a car or upgrades to our house. That “general savings” is like a cushion for us no matter what we need that money for. One of our children could fall down the stairs and break an arm. If we needed that money for co-pays or medicine, it would be in the general savings account.
So, by now are you yelling, “KAREN, WHAT DOES THAT HAVE TO DO WITH FOOD STORAGE?!?” Okay, Okay, hold your horses. We’ll get to the connection tomorrow!
