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: When Savers Find It Tough to Spend, Whether Credit Card Rewards are Taxable, and More

Weekly roundup of some of the best personal finance articles from around the web. Don’t save too little, or too much (NY Times). After many years of saving, some people find it hard to spend. Tiny home living and minimalism are helping us become debt-free (Marriage, Kids and Money). The big steps one couple is […]

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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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Profitable Ideas: The Master Life Skill, Inside the Credit Card Industry, and More

Weekly roundup of some of the best personal finance articles from around the web. True long-term career success depends on this most underrated aspect of talent (Fast Company). The ability to wait for a greater reward is considered the master life skill, impacting our careers, our investing success, and so much more. I worked at […]

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Profitable Ideas: Secrets of Superstar Savers, A Richer Level of Happiness, and More

Weekly roundup of some of the best personal finance articles from around the web. The No. 1 thing people with fat savings accounts scrimp on that you likely don’t (MarketWatch). The importance of getting the big things right. Parents, don’t sacrifice yourselves on the altar of your children’s education (Tim Mauer). Sacrificing to save is […]

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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: The Wants/Happiness Disconnect, Marketing Endgame, and More

Weekly roundup of some of the best personal finance articles from around the web. What we want doesn’t always make us happy (Bloomberg). Are you pursuing things, and spending money on things, that won’t make you happy? Here’s how much more money you’d have for retirement if you saved $100 a month starting at age […]

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