Current news for Costco members
Emergency fund a s afety n et
HAVING A SURVIVAL KIT and an evacuation plan mapped out for your family is a
smart move, regardless of where you
live. But equally important is preparing
for situations that might challenge your
Would a job loss gradually deplete
your long-term savings or investments
while you job hunt? Would you be forced
to accumulate credit-card debt that
would then burden your pocketbook
even after you find a new job?
An emergency fund would prevent
the costly effect of disrupting long-term
savings and investments or escalating
credit-card debt. It is a practical way of
dealing with unpredictable financial
drains, whether from job loss, personal
health, family emergencies or even natural disaster.
How much to stash
Three to six months of living
expenses is a good target. If you are single and in a secure job, the lower range
should be adequate. If you have a family
to support, or work in a field where
downsizing and layoffs are frequent, you
should target the higher range.
You need to be aware of your
monthly living expenses. According to a
U.S. Department of Labor report from
2003, consumers have an average
expenditure of $3,400 per month. You
may be below or above that average.
If you’re going to figure out your
monthly living expenses, you may as well
extend that process to develop a budget
for yourself. Budgeting allows you to plan
for the routine
well as for
For an article about
Credit Reports &
Service of the
Month, see page 53.
premiums and taxes. A budget will serve
as a road map to reaching your emer-gency-fund goal.
Where to keep it
It’s important to keep your emergency fund liquid, meaning it’s easily
accessible and earning interest without
penalty for withdrawal.
Money market accounts are an excellent solution and pay an attractive return
while keeping funds very accessible. Be
sure to seek an account where funds are
insured by the Federal Deposit Insurance
Corporation. Be wary of uninsured opportunities you might discover via the Internet.
Costco offers a money market plan
through Capital One. The interest rate
has gone up recently, and at press time
was 4.82 percent.* A minimum deposit
of $5,000 is required, so you may need
to stage your move into that program.
For more information, call toll-free
1-866-630-7954, or visit costco.com and
click on “Services” and “Money Market
Accounts & Cerficates of Deposit.”
*Rate effective as of July 5, 2006. For daily balances of
$100 or less, the AP Y was 0.00%. Minimum initial deposit
amount is $5,000. Terms and conditions of this offer are
subject to change without notice. Rates are variable and
are subject to change. Fees could reduce earnings.
Withdrawal limits apply. These products are offered by
Capital One, FSB, and Capital One Bank, members FDIC.
To learn more about our complete suite of member services,
click on the “Services” link at costco.com or call 1-800-220-6000.
What to do in
NYC and Vegas
is serving up some of
the best entertainment in New York
and Las Vegas.
Expect the best
available seats (first
come, first served)
and savings of 40
percent or more
on all events.
an additional 5 percent.
Here’s what you can find in August.
On Broadway: Fame Becomes Me
starring Martin Short at the Jacobs Theatre;
Dirty Rotten Scoundrels at the Imperial
Mama Mia at the Mandalay Bay Resort
For more information and a list of the
the latest shows, visit costco.com and click
on “Services” and “Online Entertainment
Ch ecking your
HERE’S SOMETHING SPECIAL for Costco-philes. Costco’s Check Printing program is
issuing a special series of checks designed
with pictures of Costco warehouses.
Featured in this series are three new
locations—Langley, British Columbia;
Pembroke Pines, Florida; and Salinas,
California—and the original Costco, a
Seattle building that was replaced last year.
Members can expect to save up to 50
percent off typical bank pricing. Executive
Members save an additional 20 percent.
To order checks online, visit costco.com
and click on “Services” and “Check
Printing,” or call toll-free 1-877-534-3769.
Don’t forget to
use your Reward
on your next trip