Hi guys! Let’s spend a little more time talking about emergency funds. I have to admit, I wasn’t clear on what an emergency fund was until just a few years ago. I had a savings account and I knew that it was important to set money aside, but I wasn’t assigning any real roles or purpose to my account. Believe it or not, an emergency fund and a savings account are not the same thing.Continue reading “Breaking Down The Emergency Fund”
Cash, Credit or Debit?
Hi guys! I hope you’re having a great week so far. We’ve been spending a lot of time talking about building a good foundation for financial freedom. Today, I wanted to switch gears a little bit and talk about the actual act of spending. We all know the best way to be debt-free is not to get into debt in the first place, but is that really possible? Is it better to only use cash? For everything? Would debit cards be better? Are credit cards just a gateway to destruction? Let me tell you how I handle each one.Continue reading “Cash, Credit or Debit?”
Cash Flow Christmas
Hi guys! I want to take you back to a Christmas past. I was eagerly trying to finish my shopping early and find all of the perfect gifts for my loved ones. I wanted money to be no object, so if I found something that looked like the perfect gift, I bought it. My only plan was to just pay my credit off after all my shopping was done. No budget. No limit. Just shop and pay the bill later. Now, I want to make sure I’m very clear with my next statement here….Continue reading “Cash Flow Christmas”