What's a MoneyPeace Account?

How much do I need in a safety account/MoneyPeace Account?

Your safety account is based on your needs. The basic goal for your safety account is three to six months of living expenses. If you own a business, your income may fluctuate, and I recommend six months to a year. The larger amount may make sense for your household if you have a large family, work in a variable industry or are a bit more nervous about providing for yourself in the long-term. 

I am always recommending safety accounts be at a separate institution other than the one where you do your main money management on a day-to-day basis. This sense of separateness keeps your hands off of it until and if you need it. That is what the money is for, the unexpected.  

Do not be intimidated by the whatever the number is, just start saving on a regular basis to create a MoneyPeace safety account today.