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.

Lightbulb-623

Profitable Ideas: Sentimental Savings, Airbnb Scam Alert, and More

A weekly roundup of some of the best personal finance articles from around the web. Get sentimental about saving (Chicago Tribune). Advertisers know all about preying on our emotions. Here’s some interesting research about turning the tables and using emotion to do the right thing financially. More homebuyers are taking out mortgages that stretch them thin (Clark […]

Continue Reading 0
Lightbulb-623

Profitable Ideas: The Habits of Success, Putting First Things First, and More

Last roundup of the year—lots of ideas for getting 2018 off to a great start. What the rich do differently: Habits that foster wealth and success (Get Rich Slowly). Titles like this often amount to nothing more than clickbait, but this is a good post that reviews the findings of numerous authors who have studied people […]

Continue Reading
Lightbulb-623

Profitable Ideas: Jumpstart Your Savings, What to Make of Bitcoin, and More

A weekly roundup of articles that’ll help you manage money well. Jumpstart your savings goals now (Living Well Spending Less). Really good advice to get the new year started well. How to buy low this Christmas season (and always) (Sound Mind Investing). You know about retailer price matching, but did you know your credit card may be […]

Continue Reading
Financial_Priorities_623

Setting Financial Priorities: A Framework for Financial Success

It’s easy to make managing money more complicated than it needs to be. That’s because money isn’t just an objective “means of exchange” as the dictionary defines it. Money is wrapped up in our emotions – our hopes, dreams, and fears. And our use of it is strongly influenced by the many messages of our […]

Continue Reading
Clarity_goals_623

The Power of Clarity

Are you trying to make a positive change in your finances or some other area of your life? How clear are you about the change you’re trying to make? As Chip and Dan Heath researched Switch, their helpful book about what it takes to truly change something about our lives, they discovered several surprises. This […]

Continue Reading
Lightbulb-623

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 […]

Continue Reading
Lightbulb-623

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. […]

Continue Reading
http://edge.quantserve.com/quant.js