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 »
Baby Emergency Fund – Do It Your Way!
Options To Consider When Saving To Achieve The Maximum Emotional Impact For well over a year as I have been doing the plan myself, I have been paying attention to how people respond to doing or possibly doing The Total Money Makeover. I have coordinated and lead 2 successful FPU workshops, spent some times facilitating the FPU forums, been a member of the mytmmo.com forums, and listened to many friends. I have heard people that had no savings yet, say that they didn’t think $1,000 was possible, while others have said it wasn’t enough. Saving money is tied to emotions, […] Read more »
The Benefits Of Saving
I had to give this speech to my class tonight, and thought I would post it. It’s the very first outline I have ever organized! Usually I just write it as I feel it, when I feel it, and then organize it later. I did get an A+ for my presentation so I am excited. I read a little bit more than I wanted to but overall I did great! My next speech will be a ceremonial speech, and I think I am going to do that speech as if I have just become debt free. That will certainly be […] Read more »
Motivation 101 – Saving To Buy, Instead Of Buying To Slave!
Can You Buy A House, Have A Car, Or Go To College Without Debt? With a plan you can! It seems like every time I write an article like this I lose a few subscribers. That’s fine, I am fully aware that I will not please everyone. This would be too easy if I could, and frankly I like the challenge. For some reason people seem to get angry about someone (me) telling them that it is ABSOLUTELY POSSIBLE to live life without accepting the chains and bondage that come with debt. I could speculate all day long about why […] Read more »
Are You A Super Saver?
Are You Looking For Ways To Save Some Money? We are! Here recently we took a trip to a neighboring city just for that reason. We jumped on the interstate, and headed about 30 miles west, to visit a store that has deeply discounted food. My wife loves going here but I have been a little hesitant because of the fact that some of the food is past the expiration date. I have always been a little finicky when it comes to this sort of thing, and that does include leftovers in the fridge past a few days old. You […] Read more »