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 Check Will Soon be in the Mail, Not Too Late to Build an Emergency Fund, and More

Weekly roundup of some of the best personal finance articles from around the web. Stimulus checks: How much money will you get, and when? (CBS Money Watch). Treasury Secretary Steve Mnuchin says the checks could arrive in about three weeks. But first the House of Representatives needs to give its stamp of approval. Six smart […]

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Profitable Ideas: Life Lessons From “The Pursuit of Happyness,” Money and Friends, and More

Weekly roundup of some of the best personal finance articles from around the web. Life lessons from The Pursuit of Happyness (All About Your Benjamins). This article made me want to see the movie again. Make versus buy — the key to effortless saving (City Frugal). Reminds me of the book, “Brave New World,” in […]

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The Three Types of Savings Everyone Needs

Of all the things you could do with money, parking it in a savings account isn’t likely to move the excite-o-meter. But it does have the advantage of being highly useful. So useful, in fact, that I want to encourage you to not just double down on the idea, but to triple down on it.  […]

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Profitable Ideas: The Science Behind Saving, You Might Be Destroying Your Home, and More

Weekly roundup of some of the best personal finance articles from around the web. The science behind why saving for retirement is hard (Fast Company). Understanding how your brain sometimes leads you astray may help you save more. Just in time (Humble Dollar). Take the financial well-being quiz linked to in this article. College degrees […]

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Profitable Ideas: How to Negotiate Your Salary, Lessons From Super Savers, and More

Weekly roundup of some of the best personal finance articles from around the web. Actually helpful tips for negotiating salary (Four Pillar Freedom). Being willing to negotiate is the first step (most people aren’t). Once you’ve cleared that hurdle, here are some helpful ideas about how to negotiate.  Who’s in your headset? (Krueger & Catalano). […]

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Profitable Ideas: Secrets of Super Savers, What Science Says About How to Spend, and More

Weekly roundup of some of the best personal finance articles from around the web. The number one thing people with fat savings accounts scrimp on that you likely don’t (MarketWatch). Cancelling the daily latte will only get you so far. Here’s how to really free up some money to save. So, your adult child moved […]

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Profitable Ideas: Reaching Maximum Frugality, Five Things to Never Buy New, and More

Weekly roundup of some of the best personal finance articles from around the web. When frugality bottoms out (The Simple Dollar). What to do when you’ve maximized savings in all areas. How to teach your kids about money and help them be financially responsible adults (Money). Solid advice, especially for younger kids—and especially “Let them […]

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