Tag Archives: emergency fund

First Step To Getting Out of Debt: $1000 in savings, DONE!

Posted on 03. Aug, 2010 by .

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This is going to be a short post but some news that I think is worth passing on to you lovely readers. If you don’t know, I am in quite a lot of debt. Around $38,000 to be precise. Luckily for me this debt is tied up in a system set up by a charity [...]

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How to Build a Cash Reserve Worth 3 – 6 Months of Salary

Posted on 24. Jan, 2010 by .

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When times are tough and money is tight, the last thing you might want to think about is building up a cash reserve. Sure, you have that change jar in the bedroom, the $50 government bond from your seventh birthday, and a couple bucks stashed in your underwear drawer, but other than that, you’re out of luck when it comes to financial emergency preparedness. Still, it’s hard to deny that thinking of having 3-6 months of your salary stashed away, just in case, wouldn’t give you a little piece of mind.

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