Emergency funds are necessary. We all need to be prepared for those unplanned rainy days. Therefore, it’s not a question of whether or not we need an emergency fund, but how much of an emergency fund we really need. When speaking with others about their emergency funds, I’ve encountered funds anywhere from a few hundred […]
One of the problems I have with goal setting is that I often set too many goals. Indeed, I’ll make a whole list of goals I want to accomplish – only to have most of them fall to the wayside. That’s the problem with setting too many goals. Many of us can’t do that many […]
There are two basic schools of thought when it comes to personal finance: spend less or earn more. Spending less sounds simple enough, but it can be a tough adjustment for anyone who’s used to a certain lifestyle or has set behavioral patterns. Not only that, but the temptation to spend is everywhere you look. If you are […]
It’s rarely a good idea to make important decisions when you’re under stress – especially if that stress is emotional in nature. Emotional distress can lead to poor financial decisions, which, in turn, can deepen your money problems. When you feel distressed, it’s common to try and ease your feelings by engaging in activities that […]
I’ve spent a lot of time lately thinking about what I want my life to look like going forward, and what I can do to restructure. I’m in the process of reconfiguring my finances, as well as putting together a good life for my son and me. One of the things that occurred to me […]
During a recent family outing for dinner (thanks to a free birthday coupon), a man approached us asking for some spare change so he can get something to eat for the night. I told him I didn’t have any change on me, but I would buy him a meal at Rubio’s since that’s where we were […]
