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Where Should You Keep Your Emergency Fund?
An emergency fund is a cash reserve you set aside to be used for unexpected expenses, or for regular expenses in the event of loss of income. If our lives went exactly as planned, we would never experience things like major home repairs, medical problems, or job loss. Unfortunately, all of these things are a reality and they often come at high costs. That is why it’s so important to have an emergency fund. Before we discuss where you should keep your just-in-case nest egg, let’s talk about how my own emergency fund has come in handy.
The Importance Of An Emergency Fund
Having an emergency fund has come in handy for me multiple times. The first was right after college graduation. I landed a job in the Washington, D.C. Metro area before graduating and was set to start mid-August. I found an apartment nearby, signed my lease, and had everything squared away.
Where Should You Keep Your Emergency Fund?
An emergency fund is a cash reserve you set aside to be used for unexpected expenses, or for regular expenses in the event of loss of income. If our lives went exactly as planned, we would never experience things like major home repairs, medical problems, or job loss. Unfortunately, all of these things are a reality and they often come at high costs. That is why it’s so important to have an emergency fund. Before we discuss where you should keep your just-in-case nest egg, let’s talk about how my own emergency fund has come in handy.
The Importance Of An Emergency Fund
Having an emergency fund has come in handy for me multiple times. The first was right after college graduation. I landed a job in the Washington, D.C. Metro area before graduating and was set to start mid-August. I found an apartment nearby, signed my lease, and had everything squared away.
Should You Have More Than One Credit Card?
Some people argue that having multiple credit cards is a sign of financial well-being. Others argue it’s a sign of poor money management. There’s no golden rule as to how much plastic you should carry, but before you apply for your second, third, or umpteenth credit card, you’ll want to read this article.
There are varying opinions about having multiple credit cards. Here are some advantages and disadvantages to consider:
Advantages of Having Multiple Credit Cards
Lower Credit Utilization Ratio = Higher Credit Score
As you know, there are five things that make up your credit score: new credit, credit mix, length of credit history, amounts owed, and payment history. Having a low amounts owed in comparison to your total credit available — or having a low credit utilization ratio — is associated with a higher credit score.
Should You Have More Than One Credit Card?
Some people argue that having multiple credit cards is a sign of financial well-being. Others argue it’s a sign of poor money management. There’s no golden rule as to how much plastic you should carry, but before you apply for your second, third, or umpteenth credit card, you’ll want to read this article.
There are varying opinions about having multiple credit cards. Here are some advantages and disadvantages to consider:
Advantages of Having Multiple Credit Cards
Lower Credit Utilization Ratio = Higher Credit Score
As you know, there are five things that make up your credit score: new credit, credit mix, length of credit history, amounts owed, and payment history. Having a low amounts owed in comparison to your total credit available — or having a low credit utilization ratio — is associated with a higher credit score.
How Much Is Your Busy Lifestyle Costing You?
I have not met anyone who is not busy anymore, including kids and retired folks. The always-on-the-run lifestyle has provided increased incomes and career growth for a lot of people. For many of us, though, it has also cost a lot of money.
When I was super busy, I didn’t have the time or the energy to deal with anything other than my demanding office work. We think as long as we are being productive instead of being lazy, it should work out in our favor. Realistically though, how much is being so busy costing us? And how much of it is worth it?
High cost of being too busy
A lot of businesses make good money by counting on us being busy and not following up. Here is a list of things that I am guilty of, just due to being too busy:
How Much Is Your Busy Lifestyle Costing You?
I have not met anyone who is not busy anymore, including kids and retired folks. The always-on-the-run lifestyle has provided increased incomes and career growth for a lot of people. For many of us, though, it has also cost a lot of money.
When I was super busy, I didn’t have the time or the energy to deal with anything other than my demanding office work. We think as long as we are being productive instead of being lazy, it should work out in our favor. Realistically though, how much is being so busy costing us? And how much of it is worth it?
High cost of being too busy
A lot of businesses make good money by counting on us being busy and not following up. Here is a list of things that I am guilty of, just due to being too busy:
The Four Types of Savings Accounts That Everyone Should Have
When it comes to finances, it’s important to be organized. Organization keeps you on track with your goals, makes it easier to budget, and helps you stay sane during tax time.
One part of your finances that can messy, if not organized properly, is your savings. With so many different things to set money aside for, it’s best to split it up. My favorite approach is having multiple accounts for various purposes. Here are four types of savings accounts that I think everyone should have:
Emergency Savings
An emergency savings account, or “emergency fund”, is the most important savings account you should have. It’s meant to bail you out of tight situations, in which you would’ve otherwise needed to go into debt.
There are countless circumstances where emergency savings come in handy. Here are a few examples:
The Four Types of Savings Accounts That Everyone Should Have
When it comes to finances, it’s important to be organized. Organization keeps you on track with your goals, makes it easier to budget, and helps you stay sane during tax time.
One part of your finances that can messy, if not organized properly, is your savings. With so many different things to set money aside for, it’s best to split it up. My favorite approach is having multiple accounts for various purposes. Here are four types of savings accounts that I think everyone should have:
Emergency Savings
An emergency savings account, or “emergency fund”, is the most important savings account you should have. It’s meant to bail you out of tight situations, in which you would’ve otherwise needed to go into debt.
There are countless circumstances where emergency savings come in handy. Here are a few examples:
Barclaycard Arrival Plus™ World MasterCard® Review
Frequent travelers looking to cash in rewards for their travel purchases may want to check out the Barclaycard Arrival Plus™ World Elite MasterCard®. This card offers great miles, which can be easily redeemed for travel statement credits. It also has a great bonus offer going on right now, making it even more enticing for new cardholders.
Barclaycard Arrival Plus™ World MasterCard® Basics
This is a card geared for travelers, especially those who don’t want to mess with bonus or rotating categories. Unlike many travel credit cards, it doesn’t give you extra rewards for travel-related purchases. Instead, it simply lets you use the rewards you earn on everyday purchases towards travel-related expenses.
So, how does it work? Well, with this card, you get 2 miles for every $1 spent on any purchase. There are no expirations or caps. You can then redeem those miles for credits towards qualifying travel purchases made on your card within the past 120 days.
Barclaycard Arrival Plus™ World MasterCard® Review
Frequent travelers looking to cash in rewards for their travel purchases may want to check out the Barclaycard Arrival Plus™ World Elite MasterCard®. This card offers great miles, which can be easily redeemed for travel statement credits. It also has a great bonus offer going on right now, making it even more enticing for new cardholders.
Barclaycard Arrival Plus™ World MasterCard® Basics
This is a card geared for travelers, especially those who don’t want to mess with bonus or rotating categories. Unlike many travel credit cards, it doesn’t give you extra rewards for travel-related purchases. Instead, it simply lets you use the rewards you earn on everyday purchases towards travel-related expenses.
So, how does it work? Well, with this card, you get 2 miles for every $1 spent on any purchase. There are no expirations or caps. You can then redeem those miles for credits towards qualifying travel purchases made on your card within the past 120 days.
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