Why You Need Emergency Funds And Cash Reserves

Why You Need Emergency Funds And Cash Reserves

One of the few personal finance concepts that garners near-universal praise is the emergency fund.

For many topics in personal finance, there are seemingly as many critics as there are advocates. “The stock market is too risky,” “You can’t retire early because you need health insurance,” “You shouldn’t travel because it’s wastefully expensive.”

I don’t agree with any of these perspectives,…

View On WordPress


from Tumblr https://ift.tt/2W95PxS
via IFTTT

Comments

Post a Comment

Popular posts from this blog

What You Need to Know About GoodRx

Image
Prescription drug prices vary wildly across different pharmacies and contribute to the  high cost of healthcare  in our country. On average, an American spends about  $1200 per person per year , more than anyone in any other country. One company trying to help the public reduce these costs – and still get the medications they need – is GoodRx. What is GoodRx? Starting in 2011,  GoodRx  is a startup that created an online website and phone app platform that tracks the prices of different prescription medications. Users can find information on drug prices near them, compare them to various pharmacies, AND get free coupons for discounts. GoodRx checks over 70,000 pharmacies nationwide in the United States and receives millions of visitors each month. The mobile phone app for Good Rx is ranked number one for medical apps for iOS and Android. How it Works There is no need to input any personal information in the Good Rx site or app. It’s free to use and works like this: Go to the
Read more

Home Ownership Expenses You Need To Know And Plan For

Image
Buying a home is one of the most significant financial decisions people make because it is capital-intensive. Although  home ownership  has numerous advantages over renting, it’s crucial for you to be aware of all the expenses you must make as a new landlord. Having this information early on will enable you to plan so it doesn’t hit you unexpectedly. Your Property Taxes Property taxes are one of the numerous responsibilities that come with home ownership. It is important for you to consider how much your property tax will cost before buying a home because it varies depending on the state and local tax jurisdiction. It can be as high as $6,000 annually or much lower than that. Ultimately, the area’s municipal government will determine the rate. Your municipal government may hire a tax assessor to assess your property and others in your neighborhood and assign taxes to owners based on the fair market value of their properties.  One crucial thing to note is that leaving your propert
Read more

7 Things You Need to Know About Car Title Loans Before Applying

Image
If you own a vehicle, car title loans can be an easy way to get a fast loan for immediate cash. While this sounds enticing, you should know the terms and conditions of title loans and the risks you may be taking. Thorough Research And Comparison Of Different Lenders While this may sound cliché, properly understanding your lender, its legitimacy, and its policies is vital to avoid getting scammed or surprised by terms you have not seen before. Some lenders may offer lower interest fees but higher fees. This is why you need to read through the fine print to know exactly what you’re opting into. If you have bad credit, consider looking up the  best online title loans for bad credit . The application process may be easy, and the approval rate impressively fast; however, being informed will give you a sense of assurance, knowing the necessary details. Interest Rates And Repayment Terms Car title loans typically charge you an interest rate of 25% per month on the money you borrow. You
Read more