Saving for a Rainy Day

Emergencies top the list of reasons Americans are saving their money, according to a new survey by Visa. The numbers break out as follows: Emergency/rainy day, 30 percent; retirement, 20 percent; education, 10 percent; future needs, 10 percent; bills/living expenses, nine percent; holidays/occasions, eight percent; purchasing a home, eight percent; home/car repairs, seven percent; purchasing a car, seven percent; health care, four percent; family, three percent; taxes, two percent; and appliances/furnishings, two percent.