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emergency fund
Make $15-$30 Working Part Time
Would you like to make $15-$30 working part time? It’s not as difficult as you think and it’s not a hoax. I won’t make you send me $50 to sign up for a service (but if you want to do that, you still can) and you don’t have to deliver pizzas. All you have to [...]
Roth IRA as an Emergency Fund?
I recently read an interesting article on Using Your Roth IRA as an emergency fund. There are some pros and cons with stashing your emergency fund in a Roth IRA.
Use Roth IRA as your backup emergency fund
Pros
- Money grows tax free. This works especially well if you don’t have a major emergency.
- Less temptation to [...]
Spending Fast – A Couple of Surprising Challenges
At the beginning of this month, we were (myself included) slightly skeptical on how we would fare on the spending fast this month. Would we starve? Would we go through spending withdrawl? Would we quit halfway through?
So far, none of these questions have been as challenging as we thought. I know this because Dana mentioned [...]
Emergency Fund- How Should I Invest My Emergency Fund? Part 3
My answer for what you should invest in is much shorter than the list of what you should not invest your emergency fund in.
ING checking or savings- If you have been reading this blog at all, you know my heart, for savings accounts, lies at ingdirect.com.
Money Market Funds-
You will see Money market funds in your [...]
Emergency Fund – Where do I put it? Part 2
Your emergency fund is not the account that is going to build wealth. Your emergency fund should be exactly that: a fund that is accessible for an emergency. Our definition of ‘emergency’ may be different, but I think of emergencies as something unexpected, like medical expenses or a job loss. Christmas & Vacation: not an [...]
21 days so far, 10 to go, Spending Fast Update
Here is a breakdown of what has happened over the last week and the ups and downs of our spending fast.
Expenses since we last wrote:
$18.00 Dinner on Friday night. What can you get at a restaurant on a Daniel Fast? Water and salad.
Nevertheless, our friends really wanted to go to Golden Corral and we couldn’t [...]
Spending Fast – Behind the Numbers (our budget breakdown)
Dana and I have been receiving questions about how we are saving a potential additional $1200.00 this month. We decided to give you a glimpse into our very unexciting 2010 budget to show you how it’s broken down.
Our average monthly expenses for 2009 were $1452.00 above and beyond our monthly bills. Some categories we stayed [...]
Why Are We Doing the Spending Fast?
I suppose this question needs to be addressed as it seems a little bizarre. There are a couple of reasons why we are doing this.
A spending fast slows us down a little bit, which is always good after a hectic holiday season. Buying ‘things’ will not make us happy. Spending time together makes us happy. [...]
Spending Fast Update (through Jan 11, 2010)
In addition to the flea market, we made a trip to Winn Dixie to stock up on more fruits, veggies, and juices. We had to get tofu and nuts, which are all acceptable for the Daniel Fast (as per our interpretation.) I also bought some deodorant, for $2.00. I had to get the deodorant that [...]
Where do you put your $1,000 emergency fund?
Where do you put your $1,000 emergency fund? I personally don’t care where you put it, as long as you have it saved. The question always comes up though, so I better offer some suggestions.
In your checking account. My bank considers this amount too small for savings and charges me a monthly fee it I [...]