Quick tip on the importance of saving from CNNMoney.com

I'm all about looking to the experts for advice on money management. Walker Updegrave is a senior editor with Money Magazine and is the author of "How to Retire Rich in a Totally Changed World: Why You're Not in Kansas Anymore.

A few days ago Updegrave wrote an article about the correct way to build an emergency fund but what I found most interesting was the quotation below...

"The Congressional Budget Office estimated earlier this week that the unemployment rate will remain over 10% for the first half of this year and won't decline to the economy's "natural" rate of 5% unemployment before 2016 is just another reminder that we should all try to have three to six months' worth of living expenses tucked away in a safe place get us through tough times."

2016? A little scary huh? I can tell you that I definitely don't have three to six months of living expenses saved up...but it is one of my new year's resolutions. Happy saving!

Click here for full article on CNNMoney.com