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Hierarchy of Savings – What Should Come First?

February 27, 2020 By Joe Wallace Leave a Comment

Hierarchy of Savings - What Should Come First?

It can be difficult to establish a hierarchy of savings. What should come first when you are paying yourself? Three basic areas represent parts of your life that need financial attention; your retirement fund, your money set aside for emergencies, and debt repayment. The last one doesn’t sound like you are paying yourself--at first. But debt management is an important part of establishing financial freedom. Emergency Fund: A Savings Account You … [Read more...]

Filed Under: credit cards, debt reduction, economy, emergency fund, emergency planning, family, financial fitness, hobbies, homes, money, net worth Tagged With: emergency fund, emergency plan, frugality, mortgage, retirement, saving for retirement, saving money, savings

Have You Started Saving For Retirement?

February 8, 2019 By Taylor Haahr 1 Comment

start saving for retirement

I think it’s time we have a serious chat about retirement, more specifically saving for retirement. Now, I’m not that old (though I refuse to tell you how old because a true lady never reveals her age #ThanksGrandma) so saving for my retirement is not something that I spend a lot of time thinking about. Which, if you think about it is a little ridiculous considering that when I'm ready to start thinking about it, it will probably be too late. It … [Read more...]

Filed Under: retirement, savings Tagged With: retirement, saving, saving for retirement, saving money

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