Emergency Funds

There’s no ideal time for a financial emergency to fall into your lap. Perhaps you arrive home to a flooded basement, or you lose your job unexpectedly. The best way to mitigate a costly emergency is to establish a fund that can cover sudden expenses. Let’s look at why emergency funds are so important and […]

At the onset of the current pandemic, everybody was scared. There was plenty of worry that the economy would collapse under the weight of the government lockdowns. It felt like every media outlet was talking about people losing their jobs left and right. It was the first time in a while that many folks began […]

Recently, a good friend asked me for some advice on how to handle an unexpected and expensive car repair. She had enough cash savings to pay for the repair. However, it would pretty much wipe out her recently created emergency fund. My friend was asking if it made sense to put it on her credit […]

In the world of personal finance, “money saved for a rainy day” is far from the sexiest investment you can make. That doesn’t mean it’s not important though. When your life gets flipped upside down — whether from job loss, divorce, a death in the family, or any sort of unexpected financial crisis — having […]