How to Manage Your Emergency Reserve

Whether you are currently establishing your emergency reserve or your reserve is fully funded, it is important to manage your reserve account for maximum effectiveness. There are “rules of the game” you should follow so your reserve account can serve the purpose for which it was created. Remember, the primary purpose Read More >

How to Fund an Emergency Reserve on a Budget

The most important step in gaining control of your personal finances is establishing and keeping an emergency reserve. The primary purpose of an emergency reserve is to provide a cushion to protect you and your family in the event of an unforeseen and unexpected financial emergency. Without a designated emergency Read More >

What is the Appropriate Emergency Reserve Amount for You?

The primary purpose of an emergency reserve (a.k.a., a rainy day fund) is to provide a cushion to protect you and your family in the event of an unforeseen and unexpected financial emergency, such as the need for new tires or a new water heater. While an emergency reserve equal to one months’ committed living expenses Read More >

The Most Important Step in Gaining Control of Your Personal Finances

The cornerstone of any personal financial profile should be establishing and keeping an emergency reserve. You may have heard it referred to as a cash cushion or a rainy day fund. I cannot stress enough the importance of this one simple concept. If you want the upper hand with regard to your personal finances, having a Read More >

What is the Least Used and Most Flexible Financial Tool?

The Home Equity Line of Credit is the least used and most flexible financial tool available today! A Home Equity Line of Credit (HELOC) is a revolving credit line that uses your house, and the equity in it, as collateral. For many Americans, the largest portion of their wealth is trapped in their houses and their Read More >

To Roth or Not to Roth?

If you believe, as I do, that future tax rates will be higher, you may benefit from opening a Roth IRA. Of the 5 ways people lose money, taxes are NUMBER ONE. There are many innovative strategies for reducing your tax burden and the Roth IRA is without a doubt the best IRA available today. Traditional IRAs allow you Read More >