From the category archives:

Planning

Does Your Employer Have An Emergency Fund?

April 22, 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 least, three to six months of […]

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Keep a Backup Wallet

March 21, 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 something he mentioned toward the end […]

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Americans Embracing Frugality . . . Because They Have To

February 4, 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 no other alternatives. From […]

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Using Spending Limits To Avoid Money Arguments

January 30, 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 him first.  Vice versa, her husband will check […]

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Avoiding Impulse Spending By Naming Your Money

January 27, 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 aside in a savings or money market […]

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Planning Your Emergency Fund

January 20, 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 you don’t have […]

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Avoiding Impulse Spending By Naming Your Money

December 21, 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 in a savings or money market […]

Read the full article →