It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
Slack's CEO said that the company didn't want to go public via an IPO so that it could be as transparent and accessible as possible.Deals and IPOsread more
Oil jumped as much as 6% on Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter.Energy Commoditiesread more
If Facebook cut corners in something as basic as the branding of its nascent crypto efforts, this dispute could give ammunition to its many critics.Financeread more
Workers in the gig economy could get short changed when it comes to their Social Security checks in retirement. That's because the growing ranks of people who earn money on...Personal Financeread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
The possible plan would involve the Rays splitting home games between Florida and Montreal.Sportsread more
Moore's entry into the 2020 race is worrisome for the GOP, which sees the race as its best chance to pick up a Senate seat next year.Politicsread more
For doubters thinking the rally is just a last gasp of the decadelong bull market, chart analysts are here to prove them wrong.Marketsread more
Hundreds of thousands of people are living without a paycheck amid the longest government shutdown in history.
Most people would be in the same bind if they missed even one pay period.
Just 40 percent of Americans are able to cover an unexpected $1,000 expense, such as an emergency room visit or car repair, with their savings, according to a survey from personal finance website Bankrate.
Instead, many would put the expense on their credit card or take a personal loan. (More than 1,000 people were interviewed in early January).
Even a small amount of savings can go a long way in an emergency, by reducing your chances of going into debt or racking up bank overdraft fees, said Annamaria Lusardi, an economics and accounting professor at the George Washington University School of Business.
"It is like an umbrella to cover us up when the rain arrives unexpectedly," Lusardi said. "It is better to be prepared than get wet and perhaps sick."
Automate your savings, so that a set amount of money is routed directly into your savings account each week or month, said Erin Lowry, author of Broke Millennial: Stop Scraping by and Get Your Financial Life Together.
Try naming your bank account "Emergency savings," so you're reminded why that money is there and why you should keep contributing to it, she said.
"Many banks will allow you to change the name of your savings account from a generic Bank Account 39341029 to something with actual meaning," Lowry said.
You might also want to open your emergency savings account at a different bank than the one you normally use, she added.
"This reduces the likelihood that you'll be tempted to move money, even just a little bit, to your checking account for today's wants," she said. Plus, it typically takes a few days for money to move between banks, and so you won't be able to use the funds for an impulsive purchase.
Consider putting your savings in an online bank, which typically offer higher interest rates than brick-and-mortar ones.
Don't be overwhelmed by the fact that you might not be able to save a lot, Lusardi said.
"One could put away a few dollars a day, or $10 a week, or an amount within reach," she said, "that, done regularly, will bring in a small buffer that can prove very useful when things go sour."