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: 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 […]

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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 […]

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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 […]

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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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