There are some aspects of personal finance that are dead sexy. Like investing – it’s pretty darn exciting to put…
Tag: emergency fund
2013 is officially in full swing! While most of us are busy trying to lose the few extra pounds we…
Saving an Emergency Fund is an essential financial safety net: everyone should ideally have 3-6 months worth of expenses in…
If your emergency savings fund is looking a little sad these days – or worse, is non-existent – it’s time to get creative. After you’ve made as many cuts to regular bills and expenses as you can to free up cash for your savings, the next step is to increase the income side of the equation? Don’t have time for a second job? Don’t worry – there are plenty of unusual ways to earn cash without taking on another job.
Between the congressional budget drama, debt ceiling deadlines, S&P credit rating downgrades and the fed funds rate announcement, it’s almost dizzying to try to understand what all of this economic activity means for your wallet. The best thing you can do is get back to basics and make sure your finances are ready to weather any financial storm. We cover five personal finance basics that you should always make sure are in order.
Everyone has different priorities in life, but your finances should take a front seat rather than a back seat in these priorities. Organizing your financial life and deciding what’s important doesn’t have to be a burden if you learn how to do it right the first time. We show you how.
When you take that first leap toward financial independence, it can be rather overwhelming. People start throwing abbreviations at you like FICO and IRA, and you may often be left scratching your head. Don’t worry! With these five easy steps, you’ll be well on your way to financial success.
Any period of unemployment is tough. You’re not sure how long it will be until you find another job or how much you will make when you do. You’re following your finances closer than ever before. But once you get out of the woods, you may find that there are many lessons you learned that you can carry over to the good times too. They can make any future bouts of unemployment less stressful and even make you richer in the long run.
You’ve probably seen recent headlines like, “More Snow Storms Expected to Hit Parts of the U.S.” Life can be unusual and unpredictable, just like our weather! An emergency fund, such as a savings account, can be a financial foundation that may help to “support” you during the “storms” of life. These may include unexpected job layoffs or medical costs. Certified Financial Planner, Heidi Davis, explains the importance of an emergency fund and how it may save you one day.
The end of each year brings a time for reflection and renewal, and this is especially valuable when it comes to personal finance. As the year 2010 comes to a close, are you better off financially than you were on January 1 of this year? What would you like to do differently so that your finances are in better shape at the end of 2011? Here are a few things you can do by the end of the year to improve your financial position for 2011.
Whether you’re ignoring major savings on your largest bill or you’re neglecting to sock money away for a rainy day, you’re putting yourself and your finances at risk. Keep your costs manageable – now and in the future – by avoiding these five common money mistakes.