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Primerica Financial Services

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Primerica Presents Four Tips for Creating an Emergency Fund


Financial experts recommend having an emergency fund of at least three to six months’ savings. Primerica, a financial services industry leader, offers four key tips clients can follow to start building a financial safety net.

Duluth, GA, January 22, 2009 --(PR.com)-- With today’s volatile economy, creating an emergency fund isn’t just a good idea, it’s almost a necessity. Currently, 41% of Americans have no emergency savings(1), and almost half of workers live paycheck to paycheck just to make ends meet.(2)

Financial experts recommend having an emergency fund of at least three to six months’ savings. Primerica, a financial services industry leader, offers four key tips clients can follow to start building a financial safety net.

1. Separate savings. One of the easiest ways families can start an emergency fund is to open a separate savings account or money market fund. Money in this account should not be withdrawn unless a true emergency – such as a major home or car repair, hospital or other large medical bill, etc. – arises.

2. Keep the change. Loose change left over from daily purchases can add up quickly. Clients are encouraged to save single bills and change and deposit that money into their savings account at the end of each month.

3. Keep paying yourself. As clients pay off big debt or credit cards, it’s a good idea to continue to make those same monthly payments – into their savings account.

4. Earn extra cash. Start a part‑time business or work a few hours a week at a second job to beef up an emergency fund. Business opportunities, such as Primerica’s part‑ or full‑time opportunity, are great ways to do something enjoyable while padding the bank account.* More information is available here: www.PrimericaBusinessOpportunity.com.

Starting an emergency savings account doesn’t have to be complicated. Clients should save what they can and put extra away when they have it. Even starting small can make a big difference in the long run.

(1)Parade, July 13, 2008
(2)CNN.com, viewed October 14, 2008

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Primerica Financial Services, headquartered in Duluth, Georgia, is the largest financial services marketing organization in North America, with more than 100,000 licensed independent representatives. The company provides its 6 million clients with quality financial products and services, including term life insurance, mutual funds, variable annuities, loans, auto and homeowners insurance and long-term care insurance. Primerica conducts business in the US, Canada, and Puerto Rico; the company also operates in Spain as Citisoluciones.

Primerica and its affiliate companies are subsidiaries of Citi (NYSE:C), the leading global financial services company with some 200 million-customer accounts in approximately 100 countries. Along with Primerica, other major brand names under Citi’s trademark include Citibank, CitiFinancial, Smith Barney, and Banamex.

Additional information about Primerica and Citigroup is available on their respective web sites: (http://www.primerica.com) and (http://www.citigroup.com).
Contact Information
Primerica Financial Services
Mark Supic
770.564.6328
Contact
www.primerica.com

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