Saving For a Rainy Day – #FLMonth

Our Financial Literacy Month question of the day comes from Matt Wegner of FinancialExcellence.net. It involves your priorities when it comes to saving.

Question: When saving money, what should be your first priority?

A) College funding
B) Emergency fund
C) A new car
D) Retirement

I know many people would just like to have ANY savings. Many times though, the reason you don’t have any savings is because you haven’t made the right thing your first priority. So what do you think it should be?