1. Emergency fund
2. Retirement fund
3. Kids college fund
4. Gotta-have fund
Just started working? Create the emergency fund. The simplest fund of all.
How much for this fund? It depends on your lifestyle really but it should be enough to cover about SIX months of your expenses. Calculate the amount all you need to live monthly, food, rent, installments, etc.
Why six? If you are out of job, that is the 'allowable' time for you to live out of your emergency fund while looking for another job.
So when you lose your job, you are able to stay calm before moving on to next pasture.
I'm back!
Its been a long time since my last post. I'm back....
Don’t pay banking fees!
I use my bank for free bill pay, automatic transfers, and free of all ATM fees. I won’t pay for any of those services provided with a fee. Last month, I terminate my 15 years old account simply because the bank started to imposed a fee on that account.
Dont worry, there is always others will provide that service without any fee. These days, internet banking simplifies and improves banking processes, why pay fees?
Dont worry, there is always others will provide that service without any fee. These days, internet banking simplifies and improves banking processes, why pay fees?
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