Can you use a Home Equity Line of Credit (HELOC) as an emergency fund? Yes. But to be a true emergency fund you'll need to not use it until absolutely necessary. Don't let the line of credit tempt you to use it to buy a fancy new tv or a new couch for example. That's not a true emergency. Getting laid off from your job and needing to put food … [Read more...]
10 Spending Warning Signs
Do you recognize yourself in any of these? The wallet stuffed with credit cards is a big clue that you are spending too much. Click title for link at DigeratiLife. Good list and true. … [Read more...]
Considering a Franchise? Do Your Homework! And Be Careful!
Buying a franchise is an expensive proposition with a lot of risk, no matter what they tell you. It's definitely a "Buyer Beware" situation. You have to do your homework to find out the real situation. I recently watched a special program on CNBC about it that was very informative. They will probably run it again, and I highly recommend … [Read more...]
The Best Money Advice in 10 Words or Less
This is a list of advice that readers sent in to the Simple Dollar using ten words or less. I think they came up with some good ones! Lots of comments there too.Hmmm . . . maybe we should be embroidering some of these sayings onto nice linen & then framing them. lol Click title for link at the SimpleDollar. … [Read more...]
Deflation? What You Can Do to Protect Yourself
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...]
Lower Your Car Insurance #2: The Shortest Routes to Cheap Car Insurance
The most important thing to do is shop around. You can phone insurance agents/companies or contact them online. How many should you contact? I'd say at least 3, but more is better. My dh recently checked with 10 different companies to get a new furnace/AC in our house. I thought that was excessive, but we paid about $3000 less than the highest … [Read more...]
Financial Tune-Up Check List to Print Out
We all like to improve our finances, but who has the time? Well, you know the old joke about how to eat an elephant--one spoonful at a time. Yuck. This list is pretty cool because you can print it out & take any one of the items & do it when you have time. As you check off what you've done (I'd date each item too, in case some of them need to … [Read more...]