Emergency Savings – Three Bucket System

The 3 Bucket Emergency Savings System is simple: 3 different buckets of money that are filled one at a time and contain different levels of risk and potential growth.  After first bucket fills, the excess flows into the 2nd bucket.  Next, when the 2nd bucket is filled, the excess flows into the 3rd bucket.  Lastly, the 3… Read More

How to Save Your Next Dollar

Savings steps, savings hierarchy

When I finally made the decision to put an emphasis on saving my money instead of spending it, I realized I had no real idea how to get started.  I know I was getting the full 3.5% company match (on 6% contribution) in my 401k thanks to auto-enrollment.  My dad started a Roth IRA for me some 12 years earlier, … Read More

Personal Value – How Much Is Your Time Worth

Every now and then when I travel, I have to decide on if I want to book a flight out of the local airport or drive to the larger airport 100 miles away.  Invariably the local airport will be more expensive.  But what is the break point for when the increased cost is “too much”?  How much personal value do … Read More

The Sky Is Falling (maybe) – And That’s OK (probably)

Did you notice the stock market dropped quite a bit yesterday?  Some of the news outlets were saying the Dow dropped by the 3rd highest amount in its entire history and we are heading for a market correction!

A market correction is when an index falls 10% from a recent high.

If you weren’t scared enough, now half of the … Read More