emergency sign - roth ira as emergency fund

In an ideal world, you’d always have enough money to put toward all of your goals without making any sacrifices or compromises. But that’s not usually the reality. Most of the time you’re working with a limited amount of money, trying to decide whether you should be putting it toward this goal or that goal. For example, you may know that building an emergency fund is an important part of creating financial security. You may also know that it’s important …

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Imagine you’re getting ready to close on your first home. You receive the closing paperwork and take special care to ensure all the details are correct. But, on the way to the bank, something funny happens – you receive alternate instructions on where to transfer your down payment. You call your realtor and title company to confirm these details, but never hear back from the title company. You do talk to your realtor, but she doesn’t set off any alarms. Running out …

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Every few months, I like to go through all of my spending for a month, tabulate how every single dollar was spent, sort and group all of that spending in various ways, and look at the results. How much did I spend on food? How much did I spend on particular types of food? How much did I spend on craft beer? How much did I spend on coffee? How much did I spend on writing supplies? How much did …

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A friend of mine was visiting the other day – we’ll call this friend Donnie – and I offered Donnie a cup of coffee. He said he wanted one, so I asked whether he wanted it cold or hot. He wanted hot, so I pulled a pitcher of cold brew coffee from the fridge, filled up a cup with it, and microwaved it for just enough time to get it steaming hot. He loved it. He asked where I had …

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For the first few years of my post-college professional life, I didn’t own a car. I lived in a small apartment on the edge of town with very reasonable rent. That apartment featured a bus stop about a quarter of a block away and a grocery store about half a mile away. The only reason I had to ever own a car was to travel to visit family, so when the relatively rare situations came around where I needed to …

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A few weeks ago, I was sucked into a rabbit hole of the worst kind – an article (and comments section) that piqued my interest in the most consuming way possible. A post about Conflicted Millennial Women Breadwinners offered a glimpse into the minds of younger women who earn more than their husbands or boyfriends, and seemingly hate it. The author, Ashley Ford, a breadwinner herself, polled more than 130 other female breadwinners to find out how they coped with out-earning their partners. The consensus: …

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For the next few weeks, we’re going to talk about some smart strategies for using leftover staple foods – things like rice, beans, pasta, and so on. Here’s what you do when you cook a bit too much and don’t know what to do with the rest! Rice is one of those staple foods at our house that shows up in everything. We’ll fill up the rice cooker and use the contents for some arroz con huevos and arroz con …

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When it comes to the way they influence consumer spending, smartphones are double-edged swords. On the one hand, it’s undeniably great to have more computing power in our pockets than the computers used to put the first man on the moon. That power allows us to scan bar codes with our phones, make price comparisons, call our friends to see if we’re getting a good deal before buying something, and even take pictures of items so we can review them later to see …

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A few days ago, I was reviewing my credit card bill and I noticed some expenses that surprised me. Two of them were annual renewals for services that I rarely use and honestly hadn’t really thought about in weeks, or even in months. Some of the other ones were for silly little things that I honestly didn’t even remember doing because that spending had been so automatic and thoughtless. Those little expenses added up to well over $100, and that …

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As the weather warms in spring, you might give your home an annual deep clean to clear out the remnants of winter. But I believe the phrase and practice of spring cleaning shouldn’t be limited to your home. If it’s been a while since you checked up on your credit reports, you may find that they’re in need of some attention. In all seriousness, your credit reports and scores have a huge influence over your financial life. Just sitting back and assuming …

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