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.

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 0
Lightbulb-623-1

Profitable Ideas: The Happiest Uses of Money, The Risk of Playing it Too Safe, and More

Weekly roundup of some of the best personal finance articles from around the web. Spend your money on these three things to increase happiness, according to science (Becoming Minimalist). Good reminders about some of the best uses of money. 5 ways to land a promotion (besides showing you’re a hard worker) (Fast Company). How to […]

Continue Reading 0
Lightbulb-623-1

Profitable Ideas: A Pandemic-Inspired Great Financial Reminder, Running in Place, and More

Weekly roundup of some of the best personal finance articles from around the web. Coronavirus makes emergency funds look like a great idea (Financial Planning). The pandemic is providing a good opportunity to shore up our financial habits and practices. Do you need to create or add to an emergency fund? Fractional shares expose Wall […]

Continue Reading
Lightbulb-623-1

Profitable Ideas: Minimalism in a Crisis, The True Cost of a Cat, and More

Weekly roundup of some of the best personal finance articles from around the web. Minimalism in a crisis (Becoming Minimalist). As we stock up on essentials, this is a good time to consider all that is truly non-essential.   Personal finance during a crisis (A Wealth of Common Sense). An action plan for anyone whose […]

Continue Reading
Lightbulb-623-1

Profitable Ideas: The Easiest Investment Decision Now, The Morality of Shopping, and More

Weekly roundup of some of the best personal finance articles from around the web. When dollar cost averaging matters the most (A Wealth of Common Sense). If you’ve been making monthly contributions to a retirement account, the best decision you can make right now — and the easiest — is to keep making those contributions. […]

Continue Reading
Lightbulb-623-1

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 […]

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