Do You Have Emergency Savings?

Emergency SavingsWe’ve all seen the stories about how well the economy is doing and how each day it seems to improve. To that end, much to our shock and disbelief, we recently ran across a story on HousingWire.com (HW) detailing that more than one-third of America holds no emergency savings.

According to the second annual financial capability survey from NeighborWorks America, more than 34 percent of adults – which is more than 72 million people – say they don’t have emergency savings, up from 29 percent reporting no emergency savings one year ago.

Additionally, the survey found that 47 percent of adults said that their savings would last three months or less, a significant increase from the 41 percent in last year’s study.

Frankly, we’d prefer not to dwell on the negative, while diving deeper into the study’s statistics. Instead, we want to encourage everyone to think long term and start saving, if you haven’t already. We’re of the mindset that it’s never too late to reach a financial goal.

Obviously, we are in the business of helping those who are involved with real estate purchases. Well, we really want you to be one of those folks. We want you to proudly walk into one of our branch offices one day and state that you are ready to close on your dream house. Now, that would bring a broad smile to all of our faces!

Advertisements

Founded in 2009 during one of the slowest real estate markets in the past half century, First International Title has grown from a handful of offices to 25 offices throughout the state, from Key West to Pensacola, including its company headquarters in Coral Springs. We provide closing services in English, Spanish, German and French. With a combined 1,000 years of experience, our staff has extensive experience closing residential, refinance, reverse mortgage, short sale, REO, deed-in-lieu and commercial transactions. We do not outsource or offshore any portion of our core title services. We employ our own searchers and examiners to ensure quick turn times and accuracy. At First International Title, we put our customers first.

Tagged with:
Posted in General
%d bloggers like this: