From the category archives:

Saving

Dropping the Emergency Fund

Emergency button

by Ace on July 21, 2010

A while back I wrote a post about deciding how much money to put towards your emergency fund. Here’s the first line I wrote: Everybody with basic financial knowledge knows the importance of an emergency fund. Just look, here, here, and here Here’s the funny thing, I truly thought it was a no-brainer. However, a [...]

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Procrastinating Personal Finances

Man procrastinating

by Ace on July 16, 2010

You ever have something that you “know needs to get done,” but the task never makes it way off your to-do list? What about something that specifically had something to do with personal finance? Are there things that you mean to do (start saving for retirement, start an emergency fund, pay down debt) but somehow [...]

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These days many banks offer multiple savings accounts. And I’m glad that they do. Multiple savings accounts is a great way to organize your financial goals and easily track your progress. The trick to a strong personal finance system is to always balance complexity with value. While having multiple accounts will add some complexity to [...]

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Have you ever experienced embarrassment in your financial life? A few weeks ago, my girlfriend and I were at a restaurant. At the end of my meal, the waitress came to give us our check and I handed her my credit card that I had activated earlier that day. She came back a few minutes [...]

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Do you fear budgets? Have you tried them in the past and failed? I’ve had my fair share of failed budgeting attempts, but I’ve finally found a system that works well for me. I’ve been using a zero-based budget for the past year and it provides the right amount of control and flexibility, while still [...]

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Numbers are absolute. They’re cold and predictable. But humans aren’t. You can’t treat personal finances like a math problem. Scribbling a bunch of equations on a piece of paper won’t give you a solution. Personal finance is so much more complicated than that because it’s personal. We use personal finance heuristics to simplify things. Heuristics [...]

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Reaching Your Financial Goals

Rome Forum

by Ace on June 28, 2010

You created some financial goals, and you realize that your financial situation is not where you want to be. Perhaps you’ve come to a realization that your debt is much more serious than you previously imagined. Or maybe you realized that in order to live the lifestyle that you want, you need to save even [...]

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Lotteries Where Everyone Wins

by Ace on June 21, 2010

Post image for Lotteries Where Everyone Wins

Imagine every time you entered a lottery you won! You’d be pretty excited wouldn’t you? I know I would. Lotteries historically get a really bad rap in the personal finance world and rightly so. But today we’re going to talk about lotteries where even the losers are winners.

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Mo Money, Mo Problems?

by Ace on June 15, 2010

Welcome visitors from the Best of Money Carnival #56! I am excited to have been selected as one of the top ten posts this week. If you enjoy this post please subscribe for free updates through rss or follow me on twitter. I don’t know what, they want from me It’s like the more money [...]

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Tax yourself

by Ace on June 11, 2010

Welcome visitors from The Festival of Frugality #234! I am excited to have been selected as one of the top posts this week. If you enjoy this post please subscribe for free updates through rss or follow me on twitter. “There is no such thing as a good tax.” -Winston Churchill Most days I’d completely [...]

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