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Over 40 and Worried about Money? Start here!

Family Balance Sheet

” Her comment was echoed by another (in real life) conversation I was having with a different friend who is sending a child off to college this fall. Start Saving for your Emergency Fund TODAY! We reduced our spending where we could that year, but the money to pay any shortfall each month came from our emergency fund.

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What Has Your Money Done for You Lately?

Prairie Eco-Thrifter

These conversations got me thinking, though. It’s one thing to have a couple thousand dollars in an emergency fund. In the last few weeks, I’ve had three different friends come to me with a good problem to have: They have piles of money, but they have no idea what to do with that money. Invest that Money.

Money 200
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Types of Investors

Prairie Eco-Thrifter

Over the weekend, during a family visit, I had a conversation with one of my nephews – a thirty something husband, father and CFO of a small company. First, you need an emergency fund, to handle things like being laid off, the washing machine failing or the dog needing surgery. Stock market investors.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

They took it one step at a time though, first by building up emergency funds as quickly as possible, then by paying off the credit cards and committing to no new debt. Conversely, you could give yourself a consequence too if you don’t hit the goal. Save for emergencies. Read: How to Build your Emergency Fund.