Do you need a side hustle to earn extra cash? Want to know how to start a side hustle? There are several areas to pay attention to when trying to make extra money, and if you aren’t sure what those are, keep reading. The answers can make or break your efforts to make more money. There are plenty of blogs and magazines offering advice on specific types of side gigs and a lot of those involve going into business for yourself. Consider what … [Read more...]
Where Should I Keep My Emergency Fund?
We have all heard the recommendations - have 3-6 months worth of expenses put away in an emergency fund. But where should you keep your emergency fund? I don't know about you, but I don't really want to keep that kind of money in a jar in my cabinet. Your Money Should Be Accessible I have heard some people say that you should put your emergency fund into "safe stocks," so that you can make your money work for you. On one hand, this sounds … [Read more...]
Make Your Emergency Fund Work For You
I’m a big advocate of putting together an emergency fund. I’m not talking about that giant fund that contains 4-6 months worth of living expenses (or whatever the experts are recommending today). I’m talking about the money you set aside for unexpected expenses so that when your car breaks down, you can afford the repairs and aren’t panicking about how you’re going to find the money because you need your car to get to work. How much you save … [Read more...]
What is Emergency Savings For?
You hear about emergency savings all the time. You should put away money for emergencies. And since people so often say that you should try to save three to six months worth of expenses, it naturally follows that emergency savings must be to pay for what you need in case you lose your job, right? Definitely not! Yes, if you can manage to put away six months worth of expenses, you will be in a great place if you happen to lose your job. … [Read more...]
Using My Emergency Fund
A few weeks ago, I talked about the importance of an emergency fund. This past week, I got to use mine. On Monday, Memorial Day, I was at home, getting some projects done in the house, and I noticed that it was getting pretty warm in the house. I figured that it had something to do with the fact that I have the air conditioning set at a higher temperature during the day on weekdays since I'm not home. I don't want things too warm - after … [Read more...]