22 - Saving for the Non-Routine

Moving on to Part II of Cultivating Assets, Ken focuses his attention on saving for non-routine events in your life. Have you ever had a car break down or an untimely birthday expense? What about a medical emergency? Ken shares how you can tackle all of these types of problems in three different types of savings plans: Goal-Per-Month, Balance By a Specific Date, and a Balance Goal. You will be amazed of the logic behind these easy to manage savings plans that will weather any disaster. It’s far more targeted then that of a generic “Emergency Fund” and allows cash to accumulate in a sensible way.