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: A Rude Awakening, When Robots Conduct Job Interviews, and More

Weekly roundup of recommended personal finance articles from around the web. A rude awakening is coming for millions of new investors (Money). It seemed like it was so easy to make money in the stock market, until it wasn’t. About a third of people admit they’ve committed some form of financial infidelity (Acorns). And that’s […]

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Profitable Ideas: Mega-Deals in the Metaverse, Words of Minimalist Wisdom, and More

Weekly roundup of recommended personal finance articles from around the web. Metaverse real estate sales top $500 million, and are projected to double this year (CNBC). This may sound like a scene from the distant future, but it’s happening now. Don’t expect rising interest rates to boost your savings account (Wall Street Journal). Why loans […]

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Navigating The Mixed Messages Of Our Consumer Culture

If you’re really paying attention, life can be a very odd experience. Especially when it comes to money. For example, in troubled economic times, front-page newspaper stories regularly quote economists expressing concern that the personal savings rate is going up. I still vividly remember reading one such story during a recession. I had to blink […]

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Profitable Ideas: When to Get Your Kids a Phone, Virtues of Virtual Wallets, and More

Weekly roundup of interesting and helpful personal finance articles from around the web. 8 reasons we have delayed (even further) getting our daughters phones (Eric Geiger). “When they get a phone, everything changes.” No such thing as enough money (Incognito Money Scribe). A beautiful post that puts much into perspective. Women may be better investors […]

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Profitable Ideas: A Digital Estate Plan, The Many Benefits of Minimalism, and More

Weekly roundup of interesting and helpful personal finance articles from around the web. Why your estate plan needs to include digital assets like passwords and cryptocurrency (Money). You probably have more digital assets than you realize. What will happen to all of it if something happens to you? It’s time for Americans to buy less […]

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How’s Your Financial Health?

There’s a new report out that says a growing but still small number of Americans are financially healthy. Working with researchers at the University of Southern California, the Center for Financial Services Innovation (CFSI) administers an annual eight-question survey among a representative sample of U.S. adults, leading to what it calls the U.S. Financial Health […]

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What Matters More — Your Spending Rate or Your Saving Rate?

Those of us who write about money for a living can get a little carried away by some of the nitty-gritty details. That seemed to be the case in a surprisingly impassioned debate that sprang up recently over what a person’s higher priority should be—controlling spending or controlling saving. At first, it seemed kind of […]

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Profitable Ideas: Robinhood is Coming for College Kids, The Psychology of Saving, and More

Weekly roundup of interesting and helpful personal finance articles from around the web. Robinhood hits campus, where credit card companies fear to tread (NY Times). How well does the college student in your life understand investing? If not very well, that free t-shirt may come at quite a cost. God doesn’t need your good works […]

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