In a recent poll, I asked readers to How Much Money Do You Keep In Short-Term Savings?Number of votes: 268 Here is a screen-capture of the results (so far). So far, nearly 20% of those who voted have between $1000 and $2500 in short-term savings. A full 16% have over $20,000 in short-term savings, while another 20% have less than…
Category: Polls
Reader Poll: Short-Term Savings
I’m interested in knowing, “How much money do you keep in short-term savings?”, but the more I think about that question, the more difficult it becomes to define “short-term savings”. So, I’m asking you to do two things. First, take a second to answer the poll question and second, leave a comment and let me know your idea of “short-term…
Reader Poll: The Results (Smallest Balance Or Highest Interest Rate)
In a recently poll, I asked readers to vote for the best method for reducing debt. Number of votes: 182 Votes for Method 1 (Pay smallest balance first.): 87 Votes for Method 2 (Pay highest interest rate first.) 95 As you can see, the numbers are very, very close. With just over 52% of the vote, Method 2: Focusing on…