The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Stocks in Asia slipped in Tuesday afternoon trade, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen...Asia Marketsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread 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."