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: Buy Slowly, Jesus’ ‘Terrible’ Financial Advice, and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. Reconsidering the merits of slow acquisition (Becoming Minimalist). They lived within their means and bought things when needed. Crazy, right? Teaching kids to save, not hoard (Ron Blue Insitute). The importance of moving beyond tactical teaching to uncover […]

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Profitable Ideas: Money Mind Games, Kids Pay a Price for Their Parents’ Debt, and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. Money mind games: Is $100 always $100? (She Picks Up Pennies). Sometimes we don’t think so clearly about money. How I saved $100k in 3 years (And Then We Saved). All without a big salary or an inheritance. […]

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Best Financial Advice

Over the years, I’ve asked readers to share some of the best financial advice they’ve ever received. Here are some of their answers. Bob said that during a pre-marriage class he and his then fiancé attended, the teacher suggested using pay raises to build an initial savings account. In Bob’s words, “I can remember how […]

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Profitable Ideas: Protect Your Online Passwords, Learn About Risk-Taking From Jeff Bezos, and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. After you strengthen your online passwords, here’s how to store them (NY Times). Want to build a strong defense against hackers? There’s an app for that. Americans are making it way too easy on ID thieves (Bankrate.com). Many […]

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Profitable Ideas: Overcoming the Single Greatest Financial Fear, 3 Ways to Keep Identity Thieves at Bay, and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. This is Americans’ greatest financial fear (USA TODAY). Do YOU share this concern? If so, get in the habit of paying yourself second. Yes, second. 3 sneaky ways identity thieves can access your data (Time). Recovering from an […]

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Profitable Ideas: Most Common Financial Regrets, Getting Better at the Game of Life, and More

A weekly roundup of some of the more interesting and helpful personal finance articles I’ve read recently. Most Americans have financial regrets, particularly about saving (Bankrate.com). You can avoid this regret by getting in the game with saving and investing. Five pro tips to nail an interview and land your dream job (Fast Company). The […]

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