Ok, you have completed the first step of having your emergency fund. You now have $1,000-$2,000 saved in a savings account. The goal of this first step is to prepare you for that unexpected expense (auto repairs, trip to the doctor, home repair, etc.) With that cash on hand, you can take care … [Read more...] about The Enhanced Emergency Fund
Savings Accounts for Emergency Funds
We have discussed in a couple of recent posts the need to have a savings account for your emergency fund. There are a multitude of choices where you can save those funds. We are going to focus on two primary options: local financial institutions and on-line financial … [Read more...] about Savings Accounts for Emergency Funds
How To Start Investing in Stocks & Mutual Funds
First we must start by differentiating between saving and investing. Saving is “the portion of income not spent on current expenditures.” A person builds up his or her savings for unexpected expenditures (which is the subject of another post). Investing is “the process of buying … [Read more...] about How To Start Investing in Stocks & Mutual Funds
Financial Questions for a First-Time Homebuyer
While mortgage rates are no longer at their all time low, overall they are still very attractive. Many people are considering purchasing a home and entering into a mortgage. For first-time home buyers, the entire process of buying a home and applying for a mortgage can be an overwhelming … [Read more...] about Financial Questions for a First-Time Homebuyer
Personal Finance in the Midst of a Worldwide Pandemic
The Covid-19 pandemic is still top of mind for most people. Whether it’s family, job, health or financial, everyone has concerns. I’d like to walk through some of our personal finance concerns that many people are also feeling. As with most things in life, you can only control what … [Read more...] about Personal Finance in the Midst of a Worldwide Pandemic
You Received Your Stimulus Check…Now What?
Beginning in the middle of April 2020, people in the U.S. started receiving their stimulus deposits because of the Covid-19 pandemic. Others will be receiving their paper checks in the near future. The big question is how to use the money. The answer will be very different for most … [Read more...] about You Received Your Stimulus Check…Now What?
