It’s valuable for each family to have a cash emergency fund that can be tapped for true emergencies – like a car breaking down or furnace repair in winter – but this needn’t be more than a few thousand dollars. Once you’ve comfortably saved for an unforeseen, short-term emergency, then you can turn your attention to bigger goals.
Read MoreAn envelope budget system is a great tool for new college grads, even high school students who are working part-time. Learning this simple tool is a great way for young people to get started on the right trajectory.
Read MoreWhatever your personal finance journey, there are going to be times in your life when you make a mistake. You chose one path and it doesn’t turn out the way you hoped. Learn from my biggest three financial missteps.
Read MoreWhether retirement is near or far away, you’ve been assured that more savings now generally leads to a bigger nest egg later. You believed that diligence and determination were the keys to building wealth.
So, in today’s uncertain economic environment, what do you do with your employer-sponsored 401(k) or 403(b) plan?
Read MoreMaintaining an emergency fund of a few thousand dollars for true emergencies is great because it satisfies basic physiological and safety needs. But once you’re mentally able to move up the hierarchy of needs to psychological needs and self-actualization, you’re ready to build an opportunity fund. Saving for the future will seem far more enjoyable.
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