You know you need an emergency fund, but how much? One expert will suggest that three months’ worth of expenses tucked away in an emergency fund will suffice. Another expert will scoff and say you need at least a year’s worth. So, really, how do you determine your emergency fund amount?
I’ve read differing opinions about keeping a cushion in one’s bank account. Some people say they are very efficient budgeters and never need a buffer in their account. Others keep a month’s worth of expenses (or more!) in their checking account. I fall somewhere in the middle. I believe everyone should keep a small buffer in their checking account. But… Read More
Mr. STS and I went through the life insurance-buying process a few months ago. Surprisingly, it was a much easier task than we thought it would be. If you are not convinced that your family needs life insurance, be sure to read this post: 5 Reasons Why You Should Buy Life Insurance. Okay, here we go! 5 Steps to Buying… Read More
This might seem like an odd question. You can never have too much in savings, right?
It’s inevitable. Spending money is something we all MUST do each month. Even those dedicated folks participating in things like No Spend January (or whatever month) still can’t get away from spending on necessities – gas, groceries, utilities, etc. So if you have no choice but to spend this money, why not get cash back for it? It’s like getting… Read More
I came across this question a few weeks ago on one of the many discussion boards I frequent on the web. “How many times do you pay your credit card each month?” My first thought was: “Once. Why would anyone give themselves more bills to pay in the same month?” I pay my balances in full on their due date… Read More