One of the traditional major steps towards financial freedom and independent living is the proper use and maintenance of a checking account. Checking accounts allow consumers to maintain an account to pay in and out of for free, often with low minimums, cash available at your fingertips and often even with a little bit of […]
Debt, in and of itself, is not necessarily a bad thing. In fact, over 80% of Americans are “in debt”. More astute readers, of course, will point out that surely a lot of this debt is good debt, providing access to assets like education or houses. Even some more questionable debt such as credit card […]
Personal finance experts frequently tout the advantages of having a six month emergency fund, if not a more conservative twelve month fund. There are many reasons that a citizen would need to dip into their emergency savings: family illness, death, severe medical expenses, unplanned pregnancy or job loss to name a few. Many reports however, indicate that many (>25% or >50% depending on your definition) Americans still are not prepared for a downturn scenario.