The inflation or deflation questions are back in the news. It's all so uncertain. Yet there are a few things you can do to protect your finances.The linked article is about what to do for deflation. The bottom line is to try to eliminate your debt and save money. That's a tall order, but it can be done. It's the old joke: "How do you eat an … [Read more...]
Where to Withdraw Cash in a Hurry
There are situations where you need some cash right away. Here are some ways to have it available for those times. This should be part of your emergency fund strategy. You'll need to decide how much money should be available quickly and in what order you would tap these sources of extra money.Click title for link to a good practical article at … [Read more...]
An Emergency Plan Better than an Emergency Fund
Many financial experts say to set up an emergency fund to cover a certain number of months of living expenses. The linked article is a form of that, but with a little more flexibility. It's worth a read to help you decide what would help you the most.Click title for link at WiseBread. … [Read more...]
How Debt Fools People
It's not that people intend to take on too much debt. It's just that they take on an amount of debt that they can afford. Then when they have a drop in income or unexpected expenses they are unable to make all their payments. They are in debt up to their eyeballs & didn't know it. It's too easy to have problems escalate into a debt spiral at this … [Read more...]