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Live in these cities if you want to save plenty of cash

Live in these cities if you want to save plenty of cash

Finance
Walter B. McKenzie | Getty ImagesWhere you live can have a big impact on whether you're able to amass a security nest egg.Experts generally recommend you have at least six months' cash on hand in case you lose your job or have a medical or other emergency.However, data from personal finance website Bankrate show that there are cities where you're more likely to stash away that rainy day fund — and others where it's nearly impossible to get out of the red.Cities were ranked based on housing costs, such as mortgage, insurance and property taxes. Other expenses, such as groceries, health care, transportation and utilities, were also factored in.Memphis came up on top. The city's residents can save more on an annual basis than they need in their six-month emergency savings fund, according to B
Here’s the best financial advice these 10 advisors ever received

Here’s the best financial advice these 10 advisors ever received

Finance
10'000 Hours | DigitalVision | Getty ImagesDoling out advice on money matters is the stock in trade of the financial advisor. After all, it's in their job title. So financial advisors, financial planners, wealth managers and the like are used to offering up advice on a daily basis to paying customers.But what about the advisors themselves? What's the best piece of financial advice they ever got? Presumably financial advisors, too, consult other experts on financial matters, much as doctors need another physician for their own medical care. Or perhaps it was a parent, a college professor or even a real estate agent who offered the most important financial insight they ever got.We asked nine members of the CNBC Digital Financial Advisors Council, along with Helen Modly of Buckingham Strategi...