Where Do You Keep Your Savings?
Whether it is in an emergency fund or your savings for that upcoming vacation. you need a safe place to keep that money. There are several options available, each with their own advantages. Where do you keep yours?
Cookie Jar- Close to home, but you’re not making interest and you’re out of luck if something [...]
Further Proof of the Importance of an Emergency Fund
A few weeks ago my wife and I noticed that the A/C was on but it wasn’t blowing out any cool air. Turns out it was a bad capacitor. That wouldn’t have been so bad but while they were here fixing it they noticed that our electrical panel is in poor shape. Water should NOT [...]
All Your Eggs in One Basket
I was just reading an article about how Bernard Madoff swindled $50 billion from investors. It is sad that someone would want to take advantage to so many people. It is also sad that some of these people had put all their investments with this guy. When it comes to investing, diversity is key. I [...]
Planning for the Future
I have been on a work conference call all morning. The purpose of the call is to do some planning of our projects for the next quarter. It reminded me of how important planning is. Especially planning for your future.
Being prepared for life is the most important thing you can do. Bad things sometimes happen. [...]
Fuel Prices Have Dropped… Time to SAVE!
I just drove by the gas station and regular unleaded is down to $1.89 a gallon. To think, just a few months back analysts were saying it was passing $4.00 and headed $10.00 very soon. Now that the fuel prices are back down and there is a little more money in our wallets, what do [...]
Tricking Yourself in to Saving
I came across this video from “The Early Show” and thought it was worth sharing. There are some good tips here that will help you put a little money aside even in these tough times. The figures in the video yielded a savings of over $5000 a year. You could put that in a ROTH [...]
Squirrels in the Attic
A recent situation has reminded me of the cost associated with owning a house and the importance of an emergency fund. My mom has squirrels in her attic. She has put off getting them removed for years and suddenly she has been forced to deal with them. Not only have they gnawed holes in her [...]
Emergency Fund- Protection in Recession
Have you heard the news? We’re in for a very bad recession, and possibly even depression! The news outlets make sure you know all about the bad things that are to come and then tell you, “but now is not the time to panic!” What are we supposed to do when they make it sound [...]
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