February 1, 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 a rapidly flagging US economy.
But, [...]
Read the full article →
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 to take [...]
Read the full article →