A Different Spin on an Emergency Fund: Massive Prevention
January 15, 2024
Almost all personal finance and money experts recommend having an emergency fund. The standard advice is three to six months, and up to a year
My Layered Approach to an Emergency Fund
May 22, 2023
Most personal finance experts and advisors recommend between three to six months in an emergency fund. That’s normally thought of as cash in a savings
The Broken Down Car and the Emergency Fund
June 7, 2021
A couple weeks ago my wife called me on a late Friday afternoon to tell me the warning lights on the car dashboard were red. I don’t know much about cars, but I know that’s not good. Unfortunately, she wasn’t just down the street or a few minutes away where she could quickly drive to a local mechanic and meet me there. She was about two and a half hours away in a town called Valencia.
Why the Pandemic Prompted Me to Increase My Emergency Fund
February 8, 2021
Over the past several years, I have consistently kept an emergency fund. I’ve been comfortable with about three to four months of expenses in the bank. My wife and I both have consistent sources of income so our strategy has been to hold smaller reserves and invest more aggressively.
How Much of an Emergency Fund Should You Really Have?
October 6, 2020
One of the most common personal finance questions I hear is how much should you have in your emergency account. So many of the “experts” give different answers. 3-6 months, $3,000-$5,000, 9 months, one-year minimum, two years. The answers are all over the place—it can be seriously confusing.
Why Our Family Increased Our Vacation Fund
October 23, 2023
As this summer came to a close, my wife and I decided to increase our vacation fund. We’ve thought about doing this for a couple
Should You Pay Off Your House Or Invest More?
August 16, 2021
It’s a great position to be in. All consumer debt has been paid off, or never existed in the first place. You’re doing well in your career, invest 10 percent or more of your income, and have plenty of savings in your emergency fund. You also own your own home and don’t plan on moving anytime soon. You’re at a point where you have a surplus of money coming in every month.
How to Move From a Saver to an Investor
October 28, 2024
Saving money is very important. I write all the time about the virtues of it. There’s a point though where you need to transition from
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A Note For Young People About Compound Interest
November 11, 2024
Here’s a note on compound interest for all the young people, or those who can help shape young people. I’m writing this as an adult
How to Move From a Saver to an Investor
October 28, 2024
Saving money is very important. I write all the time about the virtues of it. There’s a point though where you need to transition from
Friction and Money: How to Make It Your Unfair Advantage
October 21, 2024
Friction and money aren’t often two words paired together, but there is a big relationship between the two. Friction is actually one of the most
Are You on Track With Your Money? Seven Things to Watch
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Money is a part of life, whether you like it or not. There’s no way around it. That’s why it’s important to make sure you