Category Archives: Savings Account – Emergency Fund
- Your Primary Language Impacts Your Ability to Save for the Future
In a paper by M. Keith Chen of Yale University School of Management and Cowles Foundation, a conclusion was drawn that the language you speak has an impact on your ability to save for the future. Languages differ widely in the ways they partition time. In this paper I test the hypothesis that languages which [...]
- I’ve Never Missed a Payment But I Have No Savings and Not Really Getting Out of Debt. – Brian
“Dear Andy, I am 31 years old and I own my own house. I have never missed a payment, yet can’t get refinanced due to my lowered house value. (Currently I owe about 149,000 and I just had it appraised at 140,000). My mortgage rate is 6.2%. That is part of the story…the other part [...]
- My Active Duty Military Husband Says We Should Not Start Investing Till He Returns From Being Deployed. – Barbara
“Dear Paul, We are an active duty military couple (14 years in) with one child and gross income of about $120,000 (with pay and allowances) per year. I’m 40, he’s 34. I have a Bachelors in Business and have almost completed a Masters in Finance. We’ve had money issues in the past, but dug ourselves [...]
- I Didn’t Realize How Far In Debt I Was? – Dana
“Dear Steve, I just realized how far in debt I am and it is all credit card debt…..$21000.00. I do not have a home mortgage. I feel like I am just spinning my wheels. I have been able to make my payments, but if I have any type of emergency, I am going to find [...]
- Should I Payoff Part of My Debt With My Mutual Fund. – JJ
“Dear Steve, I owe $30,000 in credit card debt on two cards. One card there is 9.99% rate, the other is interest free until Dec. ’10 (after that the rate states 9.99% but is subject to change) I can make the minimum payments but not much else right now until my balances decrease. I have [...]
- How Can I Pay Off My Debt and Increase My Savings. – Aimee
“Dear Steve, I have approximately $8,700.00 in credit card debt, and very little (approximately $300.00) in savings. I take home just about $1,500.00 per month. My usual monthly bills total about $520.00 per month (I don’t have rent currently.) I budget approximately $400.00 per month for basic variable expenses – like food and gas. That [...]
- I’m a Female in My Late 20s and My Credit is Horrible. – Tayumika
“Dear Steve, Hello, I am a female in my late 20′s and my credit is horrible. However, I have been focusing on cancelling my credit card debts and paying down my school loans. My goal is to purchase my first home in about 3 to 5 years. I’m also interested in investing but don’t know [...]