The #1 rule of personal finance is to have an emergency fund. Every financial guru from Dave Ramsey to Suze Orman to Ramit Sethi to yours truly, Engineer Your Finances, recommends you have one. According to CNN, “nearly a quarter of Americans have no emergency fund.” That’s 1 in 4 people! What is an emergency […]
5 of the Best Tips to Improve Your Finances
Whether you’re at the beginning of your financial journey, deep in student loan, car and credit card debt, or starting to close the gap between your career and retirement, there are always steps you can take to improve your finances. Here are the top five money tips to improve your finances. 1. Create a financial […]
How to Budget For Emergency Home Repairs
When you rent an apartment, you won’t likely have to worry about paying for major repairs yourself. But owning a home is different. Although owning a house is still seen as a rite of passage here in the U.S., many people are waiting until later in life to take the plunge. And when they do, […]
Cashing Out Your 401(k) for an Emergency – Read This First
An emergency can strike when you least expect it. Maybe your car breaks down, or medical bills start piling up. Whatever the reason, it can be frustrating, especially if you are short on funds. Situations like that may make you wonder if cashing out your 401(k) is the right move. Typically, people have a significant […]