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Here are three of those habits you can start right away that can put you on a path toward building wealth. You don't need to track every single dollar you spend or make major cuts to your discretionary spending to get started. Nevertheless, to make your money work for you, you need a basic understanding of what you're spending it on. "Start small [by] tracking just a few key areas: food, entertainment, gas, and clothes." To prepare for unexpected expenses big and small, start setting aside emergency savings.
Persons: Chelsea Ransom, Cooper, Billy Hatton, Nathan Mueller, , Will Kellar Organizations: Zenith Wealth Partners, CNBC, Human Investing Locations: New Jersey, Los Angeles, Colorado
Experts generally say emergency savings should cover three to six months of living expenses. In fact, nearly 1 in 4 U.S. adults say they have no emergency savings, a recent Bankrate survey found. "Emergency savings demands a personalized approach," he says. "While the conventional wisdom endorses three to six months of living expenses, I persistently advocate that any amount is superior to none." Kellar recommends breaking down your emergency savings goals into bite-sized amounts — and celebrating wins where you can.
Persons: Will Kellar, Kellar Organizations: Human Locations: U.S
An alleged drunk driver of a tractor trailer was arrested by police Saturday in northern Indiana after he allegedly ran a red light and crashed into a school bus carrying an out-of-state high school hockey team, knocking it onto its side and leaving more than a dozen people on board with injuries. Sixteen of the 26 people on board — which included 23 students, two coaches and a bus driver — sustained injuries, authorities said. "Our community stands in support of our JV hockey team that was involved in an accident after a travel contest last night," the post read. “We send our thoughts and prayers to the Saint Ignatius College Prep’s hockey team, their coaches and their families after the team was involved in a serious bus accident last night. The Illinois bus driver consented to a blood draw, police said.
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