Credit Card Emergency Funds – An Alarming Trend in Society

Written by on January 20, 2012 · 19 Comments
credit card emergency

The following is a guest post by Jacob from My Personal Finance Journey, a personal finance blog offering actionable personal finance advice with the goal of achieving long-term success. In particular, Jacob focuses on long term investing and asset allocation strategy analysis, deciding how to prioritize new funds as they come in to various spending requirement areas, and how to develop a lifestyle of frugality. Several months ago through the magic of LinkedIn, Brad and I were able to find out that we actually lived in the same city in Virginia. This was quite an awesome find, being as that the personal [...] Read more »

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With a Falling Market Should I Bail on my Investments?

Written by on October 4, 2011 · 6 Comments
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The markets fell, for the most part, during the third quarter continuing the challenge for many people to remain invested. Some investors moved out of the market already and will eventually have to decide when to invest again. That is the challenge for short-term investors and for those who attempt to time the market. The advantage of long term investing is the stress and strain of rapidly fluctuating markets is something you can ignore. Here are a few important questions you should consider. First, do you have adequate savings and emergency funds? (At least 6 months of your net take [...] Read more »

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My Resolutons – Track My Progress!

Written by on January 14, 2011 · 1 Comment
resolutions 2011

Hello everyone and happy Friday! Last year I made lots of resolutions but failed to track them throughout the year. This year I am not making the same mistake. That’s why I created a page you can go to whenever you are curious as to how I am doing on the resolutions I set to accomplish. (and to hold me accountable) Hopefully, this will not only help keep me accountable, but will also motivate and inspire some of you to fulfill your own resolutions in 2011! I will be updating this page weekly, monthly, and sometimes randomly depending on the [...] Read more »

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O Emergency Fund, Emergency Fund! Where For Art Thou Emergency Fund?

Written by on October 25, 2010 · 16 Comments
Letting go

Have you ever had a true emergency fund before? They say, once you go emergency fund you never go back. Having my beloved emergency fund in my life has been amazing, and I became a better person for meeting her. Ever since the first day I laid eyes on my one true emergency fund, I new I was a changed man. The way she comforted me and made me feel all safe and fuzzy inside. I got butterflies whenever I would think of her. I just knew she was the one! Can you tell I’m struggling? My emergency fund was [...] Read more »

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When You’re Tired Of Being Broke, You’ll Start Saving

Written by on March 19, 2010 · 41 Comments

If you were to ask people why they do not have any savings, you would likely here a multitude of excuses. You say reasons, I say excuses, and here’s why. If saving money was important to you, and not just a feel good line to help cover up your lack of priorities, you could save an emergency fund! Sure there might be things that pop up and make it harder, but those things happen to everybody. In Financial Peace University, Dave Ramsey uses an example to support the idea that if saving money was an emotional priority, you would in [...] Read more »

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Fully Funded Emergency Fund – Do It Your Way!

Written by on July 21, 2009 · 9 Comments

Go Get You An Umbrella! You’ve reached baby step 3!  You now have NO DEBT except for your house, and are ready to beef up your savings.  Congratulations! You are climbing a mountain and are two-thirds of the way up.  Can you see the top?  Pretty soon you will be at an overlook that you at one time thought was impossible.  Keep moving forward! There may be times when you feel as if you are moving too slow, but just keep moving!  Now isn’t the time to stop!  Now you should be more motivated and here’s why.  When you were [...] Read more »

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HELP! I Had To Use My Emergency Fund!

Written by on July 15, 2009 · 5 Comments

Even The Best Plan Has Snags Having a baby emergency fund is an essential part of starting a healthy financial plan.  It gives you some wiggle room in order to handle what life throws at you (mainly the little things), while paying off your debt with gazelle intensity.  If you have no debt, then you should have 3/6 months of savings in your fully funded emergency fund.  Life happens at the most inconvenient time, but if you have an emergency fund, it’s not so stressful.  Needless to say, when that time comes you will need to know what to do [...] Read more »

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