Archive | Saving

Getting Started With Savings
I recommend maintaining three distinct types of savings accounts: an emergency fund (with 3-6 months’ worth of essential living expenses), a big-ticket item replacement fund (where you save for your next vehicle or to pay for a new furnace), and a periodic bills and expenses fund (where you save each month for bills and expenses that you’ll have to pay sometime in the year, such as an annual life insurance premium or Christmas gifts). You could open 3 separate accounts. Or, I use Capital One 360, where one account can be set up with numerous sub-accounts.

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Profitable Ideas: Your First Bear Market Rodeo is the Hardest, Everything Compounds, and More

Weekly roundup of recommended personal finance articles from around the web. Navigating the pain of your first bear market (A Wealth of Common Sense). Words of wisdom for all investors, but especially new investors. Everything compounds (Humble Dollar). One of the most important concepts in money management, and in life. Scams are showing up at […]

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Profitable Ideas: A Different Way to Stop Wasting Money, Whether Christians Should Bet on Sports, and More

Weekly roundup of recommended personal finance articles from around the web. One way to stop wasting money: choose bigger goals (Becoming Minimalist). Thinking beyond our own wants and needs can help us use money more intentionally. The only equation that matters (Fortunes and Frictions). For those teaching personal finance at home. Americans have tip fatigue […]

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Are You Financially Healthy? Rate Yourself Using These 9 Qualifications

In 2016, a study published in Mayo Clinic Proceedings quantified how many Americans have a healthy lifestyle. Can you guess what number it came up with? Less than three percent! In order to qualify, a person had to meet four criteria: Moderate to vigorous exercise for at least 150 minutes per week, a diet score […]

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Saving Money is All About the ‘Why’

I know a man who started saving for his daughter’s wedding when she was just a little girl. Long before she ever met the man she would marry her father was setting money aside for her special day, even when money was tight. Over the years, he could have spent more on himself, buying a […]

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Profitable Ideas: Money Strategies for Tough Times, What Retirees Would Tell Their Younger Selves, and More

Weekly roundup of recommended personal finance articles from around the web. 4 things you can do to make sound financial decisions in financially lean times (Christian Stewardship Network). Things aren’t exactly great in the economy right now. Here are some ways to cope. 10 steps you can take to keep advertisers from dictating your life […]

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Profitable Ideas: Rewriting Your Money Script, Becoming a Better Investor, and More

Weekly roundup of recommended personal finance articles from around the web. How to figure out your “money script” — and change the way you handle your finances (Money Ning). We all have conversations about money going on in our minds. Change the conversation and you could change your experience with money. The difference between busy and […]

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What Super Savers Do—And Why You Should, Too

A recent survey from TD Ameritrade highlighted some key differences between “super savers” and everyone else. The survey defined a “super saver” as someone who sets aside 20% or more of his or her income to save or invest. A peak into their financial lives offers good lessons for anyone who aspires to save more. […]

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