How saving 10% can make your money grow

Unfortunately bad and unexpected events happen in life, and in most cases those bad situations cost money.

Michael Markey Jr., co-founder and owner of Legacy Financial Network says in order to avoid being in a bad financial situation, it's a good idea to have at least $5000 in a savings account for emergencies. However not many people have this much money in their savings and checking account, leaving them in a tight spot when those unexpected events happen.

The best way to start an emergency savings fund is by putting 10 percent of each paycheck into a savings account. While for some it may not seem like much, but overtime their savings will grow into a $5000 safety net.

For more information on how you can fireproof your finances, visit or call 1-855-LFNETWORK.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s