Archive for the ‘Savings’ Category
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 ...
Posted in Planning, Savings | No Comments »
Friday, February 1st, 2008
Unless you reside under a rock, you have heard that the Federal Reserve cut the Fed Funds target rate from 4.25% to 3.00% in the last two weeks of January. From the economic numbers that I have seen recently, it appears that the cuts were necessary in order to stimulate ...
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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 ...
Posted in Planning, Savings | 1 Comment »
Thursday, December 20th, 2007
“The most powerful force in the universe is compound interest”. Albert Einstein
The rule of 72 allows one to quickly determine how long it will take, at a given interest rate, to double your money on and investment.
For instance, if you have $1000 that is earning interest at the ...
Posted in Interest, Savings, Tips | No Comments »
