Ah, the emergency fund...that well-known, but often neglected, aspect of most of our financial lives. According to a survey conducted by bankrate.com in 2019, roughly 28% of Americans had no emergency fund, at all; another 25% had an emergency fund that would not cover at least 3 months of expenses. You may have also read … Continue reading Your Emergency Fund and Financial Agility
In this post: My need to build more of an emergency fundChanges I am making to speed up my savingsWhy my changes will be enoughWhy more changes might be necessaryWhat about debt repayment?What I am doing with credit card rewards In my last post, I went over how the financial implications of adversity, for me, … Continue reading This Time is the Same…For Me
OK. So, first, we looked at our income. Then, we looked at the necessary expenses that we have. Now, we run a quick comparison to see where we stand, so far. The comparison is rather simple. Estimated Income - Estimated Expenses (from necessities) = "where we stand, so far." Once you've performed the above calculation, … Continue reading Cash Flow Management System: The Comparison
In my last post, I wrote about ways to set some long and short-term goals for what you want your life to look like. Now, it's time to put some numbers into getting there. Of course, we'll also need to start prioritizing our goals along the way, since most of us have a finite supply … Continue reading Where Do You WANT Your Money to Go?
Up to this point, I've written about the importance of having some kind of financial plan, but I haven't really gone into how to start and maintain one. I think, at least, part of that is the fact that it took me a long time to figure out how to implement my own plan. Yes, … Continue reading The First Hurdle: Figuring Out Your Why in a Financial Plan