Archive for the ‘Planning’ Category

Does Your Employer Have An Emergency Fund?

Tuesday, April 22nd, 2008

If you are reading this blog, you are probably a financially savvy person.  Therefore, you already know the benefits of having an emergency fund set aside for unforeseen financial emergencies. Many financial experts, including Dave Ramsey recommend that you set aside money in an easily accessible account of, at ...

Keep a Backup Wallet

Friday, March 21st, 2008

I got this great tip from a portion of a post that Tim Ferris (author of The Four Hour Work Week) did titled: How to Fly Without ID and Skip Lines. I recommend reading the entire post, as it contains some great information, but I want to focus on ...

Americans Embracing Frugality . . . Because They Have To

Monday, February 4th, 2008

Very interesting article in The New York Times today discussing how more and more Americans are taking on a pay as you go lifestyle. According to the article, they are not doing this because of a newfound realization of the benefits of a frugal lifestyle, instead, it is because they have ...

Using Spending Limits To Avoid Money Arguments

Wednesday, January 30th, 2008

Photo: jenn jenn Terri Cullen, writing in The Wall Street Journal, shares a good technique for avoiding common money arguments: The '$500 Rule'. Here's how it works: she and her husband have a standing agreement that if she needs to spend over $500, she will check with ...

Avoiding Impulse Spending By Naming Your Money

Sunday, January 27th, 2008

I don’t agree with everything Dave Ramsey espouses, but one thing we definitely agree on is that you have to give your money a name. First off, I think it is extremely important to have a fully funded emergency fund of three to six months of expenses set ...

Planning Your Emergency Fund

Sunday, January 20th, 2008

Photo Credit: Mark Strozier Introduction The primary purpose of an emergency fund is to replace lost income should a member of your household lose a job. Secondarily, you can use it for large, unexpected, expenses such as a car repair. An emergency fund allows you to face a traumatic event, knowing that ...

Avoiding Impulse Spending By Naming Your Money

Friday, December 21st, 2007

I don’t agree with everything Dave Ramsey espouses, but one thing we definitely agree on is that you have to give your money a name. First off, I think it is extremely important to have a fully funded emergency fund of three to six months of expenses set aside ...