When you are hit with an unexpected expense like your A/C going out, a tire blowout, or car breakdown, do you have the money to cover those unexpected expenses? These things happen more frequently than people would like to think and, as a result, are caught unprepared. The key to weathering these unexpected expenses is being prepared with two … [Read more...]
Rainy Day Fund vs. Emergency Fund
Emergency Fund: The why and how?
Budgeting is boring and sadly most people never stick with a budget plan. Old school personal finance tips all tell you to create a budget and stick to it and all of your money problems will be solved. If it were that easy, we’d all have a formal budget. But the reality is that only one out every three Americans creates a formal budget every month. … [Read more...]