Need some motivation to start saving? Sit down and add up how much money you make each month. Then, multiply that amount by six. Assuming you have a stable job, that’s the minimum balance you should have stashed away in an interest bearing, according to Henk Pieters, president of Investus Financial Planning. He believes people frequently underestimate life’s uncertainties and discount the need to have cash available for unexpected events like unemployment, illness, disabilities, and family emergencies.

Whether you consider yourself to be financially responsible, or you always seem to come up short on cash, there a few key signs that may indicate you are living beyond your means. Being aware of them can save you loads of money woes in times of a cash emergency. Read more about the seven signs you are living beyond your means here.

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