March 10, 2013

The Safest States for Banking

As a followup to Friday’s post about bank failure rates, I thought I’d highlight a recent analysis of the best and worst states for banking. They rates banks based on customer satisfaction, stability (state-by-state failure rates), availability of high interest rates, and size of the banking community (more choices is better). […]

Before You Get a Pet, Be Aware That They Can Be Money Sinks

Sarah and I are very close friends with a couple who are dog lovers. They have two Saint Bernards in their home. I quite like their dogs. One of them has awful breath, so I somewhat avoid him, but the other one is a charmer. I’ll pet them and play with them a bit every time I go visit them. […]

Relying Too Much on an Emergency Fund

Sometimes, when you have a hammer, everything begins to look like a nail. Take an emergency fund. What do you do in a financial emergency if you don’t have one? Let’s say your car breaks down and you’re facing a $1,000 repair bill. Ouch. You’re probably going to ask the repair place if they have some kind of installment plan to pay for the repair. […]

Creating objective rules for spending

This guest post is from Mr. F, an Australian reader in his mid-20s who works for the government. We’re often told to “spend money on what’s important,” “spend according to your values” or “spend on whatever takes up most of your time.” So, for example, you should spend money when it comes to things like education, or family, or on a mattress. […]

Being Kind to the Poor

For those of you new to Free Money Finance, I post on The Bible and Money every Sunday. Here's why. Today I'm posting Proverbs 19:17, one of my favorite Bible verses. I've shared it before, but as I'm making my way through Proverbs I ran into it and couldn't help posting it yet again. […]