Tag Archives: emergency-fund-
- Having An Emergency Fund
An emergency fund is crucial because it is an account that will prevent you from going into debt in the future again. Without an emergency fund you’ll turn to credit to pay your unexpected expenses, rather than using your bank account. Building your emergency fund is not easy and it can be harder sometimes to [...]
- We Can’t Seem to Make Ends Meet and Save. Is Bankruptcy Right For Us? – Matt & Patti
“Dear Steve, My wife and I gross $93K. We owe $38K in credit cards, $1290 mortgage and two kids in private HS @$15K/year. Take home is approx. $3200/mo. We are upsdie down on our house by at least $20K. Our current credit scores are – me 690′s, wife low 700′s. We make all our payments [...]
- You’ve Paid Off Your Debt, Now What?
Your final payment has been made, and you’ve contacted your credit counseling representative to let them know you will be finished with your plan. Wow! You are officially debt free! It’s so exciting that you can hardly contain yourself. That one payment you had been struggling to make for years is now yours – all [...]
- 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 [...]
- We Are Making Ends Meet But Looking Forward to Doing Better. What Should We Do With Out Tax Refund? – Maggie
“Dear Steve, Thanks in advance for answering our questions and having your help available for free! I am thrilled to be able to discuss this with an expert and get a third objective opinion about our finances. My husband and myself were thrilled to find our dream home but it was probably a year to [...]
- The Unforeseen Importance of Having a Boring Savings Account – Ask Steve Video
This week I answer Brandon’s question about saving money even if you are barely able to make ends meet. When you are just making it from month-to-month and paying the minimum payments alone it seems like a strange time to need to think about saving money. Most people don’t and then guess what happens when [...]
- Peter Is Trying to Find Shelter In These Uncertain Economic Times
Peter wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- My Husband and I Are Just Barely Making the Minimum Payments. – Janet
Janet wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I Want to Use My Tax Refund to Pay Down My Debt. – Laurie
Laurie wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Nine Essential Steps to Successfully Manage Your Money
Only the rich need to worry about having people manage their money, right? Wrong! With a handful of credit cards, checking, savings and retirement accounts and lots of different bills to pay we all need money managers. The difference is if we aren’t wealthy, the money management responsibility usually falls on our own shoulders, rather [...]
- 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 [...]
- Should I Use My Money in the Bank to Pay Down My Credit Card? – Jenn
Jenn wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I Have a Really Big Emergency Fund to Carry Me Through My Unemployment. – Ashlee
Ashlee wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Would It Be Better to Go Bankrupt Now Or Plug Along. – Ann
Ann wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- We Want to Start Paying Back Old Debt From Six Years Ago. – Jen
Jen wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]