Fidelity recommends saving enough to cover 3 to 6 months of essential expenses in case of an emergency. But putting away a big chunk of cash to cover an emergency can feel daunting. Break it down, though, and you’ll see that small, concrete steps over a year can add up to serious savings.
According to America Saves campaign, we’re more likely to save a windfall than a small amount consistently over a long period. Hack that psychology by saving your bonuses, raises, and tax refunds.
Start with Your Tax Refund
The average federal tax refund in America is $2,727. If you save half, that’s almost $1,400. Check out Bank of America’s Better Money Habits for this list of monthly tips to help you start building an emergency fund—bringing with it greater financial security and peace of mind.
Sources: americasavesweek.org; bettermoneyhabits.bankofamerica.com
MyBMC Rewards provides a snapshot of your pay, retirement benefits, health and insurance benefits and corporate programs. Visit MyBMC Rewards to:
Go online anytime or call 877-262-4849. Representatives are available from Monday through Friday, 8 a.m. to 9 p.m., Eastern time.
From enrollment reminders to important 401(k) information and benefits updates, you can be the first to know when your attention or action is required.
Find FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesFind FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesFind FAQs, rates, benefit provider websites and more.
2014 InformationBCBSTX ResourcesBlue Cross Blue Shield InformationOther Resources/ServicesOther ServicesFind FAQs, rates, benefit provider websites and more.
2015 InformationBCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
2016 Information2017 InformationBCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
2017 InformationBCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
2018 InformationBCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.
Find FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesFind FAQs, rates, benefit provider websites and more.
BCBSTX ResourcesOther Resources/ServicesView recorded WebEx presentations on benefits topics.