PHILADELPHIA (CBS) – Schools, companies, consumer groups and, yes, the banking industry this week are promoting the concept of saving money for your future. It’s all tied into the observance of “America Saves Week”

So, has the down economy turned you into a saver? Maybe even a penny pincher?

The Pennsylvania Institute of Certified Public Accountants, one of the regional partners for “America Saves Week,” says that’s not a bad idea at all.

In fact Jacquelyn Basso, a certified public accountant who practices in Downingtown, said it’s advisable to have a goal for your savings plan, “Whether that goal is paying down debt, creating an emergency fund for unforeseen emergencies, saving for a first home or saving for a child’s college education, or saving for retirement.”

And how much should you consider setting aside for that emergency fund?

“Equal to about six-to-12-months of their expenses for the rainy day.”

And, Basso advises if you’re expecting a tax refund this year, take a good-size portion of it and put it away – perhaps into your IRA or other savings.

Reported by Mark Abrams, KYW Newsradio 1060

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