We should do nothing, absolutely nothing. Don’t get me wrong, as the day we become debt free is an important point in our lives. Having no debt payments will also drastically increase our cash flow, but we really shouldn’t wait until the day we are debt free to act. Becoming debt free doesn’t happen overnight, [...]
Unfortunately, in life we experience setbacks. This is as true in finances as it is in anything else. I know that sometimes it seems as though it’s one thing after another. We had a flood in our basement just before Christmas, then 4th quarter estimated taxes for 2010 were due in January, and of course, [...]
My family went on a three-week road trip during the summer between my sophomore and junior year of high school. The day before we left, an earthquake in California affected power — and bank networks — across Western states. Even though I lived in Idaho, my family went hours without power. And when we left [...]
Did you know that most New Year’s Resolutions are eventually broken? Some experts say that it just doesn’t make sense to make them – you end up disappointing yourself. But I still think New Year’s, or the beginning of each year, is a good time to reflect on the past and decide on things to [...]
Many people have a plan to deal with accidents, but where they fail is in actually testing them to see how well they work. If you built up an emergency fund, that’s great. But, do you actually go through the process of simulating an emergency so you know what to expect when you actually need [...]
When you are trying to make a financial plan, or reach a certain financial goal, it is important to have an idea of your financial priorities. After all, without priorities, it is impossible to decide what you should do with your money — not to mention figure out what actions you need to take to [...]
