Even if you've not fully paid off your consumer debt, it's still a good idea to set aside some of your monthly surplus for building a savings reserve. Make it a priority to set aside three to six months living expenses for emergencies.
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August 2001 Twenty billion dollars per year. That's how much American savers give up in interest by not moving their saving accounts to money market funds. July 2001 I have not recommended U.S. savings bonds in SMI due to their relatively low yields. However, if you own them, I've come across a valuable resource that will help you make intelligent management decisions that could lead to a significant increase in your after-tax returns. It's a book written by Daniel Pederson, a former Federal Reserve official who supervised the Savings Bond Division at one of the regional Fed banks.