Emergency Funds

The Four Biggest Threats to Your Emergency Fund

Emergency Funds

We may think of an emergency fund as being the safest of all savings vehicles that we have. That of course is what an emergency fund is supposed to be – but it isn’t always, at least not in reality. There are certain threats to your emergency fund, that have the potential either to lower [...]

How To Prepare For a Financial Hardship Before It Happens

Emergency Funds

Many people have heard or read something about establishing an emergency fund – especially in the last few years. However, having an emergency fund is only one step in preparing for a financial hardship. It is also important to have a contingency plan in place when these financial hardships strike. Why is it important to [...]

4 Options for Higher CD Interest Rates

Emergency Funds

When it comes to earning interest from cash products, Certificate of Deposits or CDs, are often considered a good choice. However, most CD interest rates are not offering terribly high yields right now. It’s just the nature of any cash product. You exchange safety for the potential for higher yields. It is possible, though, to boost your CD interest [...]

How to Set Up a Financial Safety Net

Budgeting

Financial difficulties like recessions, job layoffs or reduced salaries have a way of revealing how important it is to build a financial safety net. Having funds available for emergencies helps weather the inevitable storms of life and can get you through some difficult circumstances without incurring credit card debt. Here are some things to consider when establishing [...]