An emergency fund is a savings fund specifically for unforeseen situations, such as a huge medical bill or unemployment. Many experts advocate for an emergency fund that could cover at least three to six months of your living expenses. I have often found myself unable or struggling to meet my financial obligations for various reasons …
For small purchases, this question does not even arise. No need to take a credit to buy a telephone, for example. However, the task becomes more complicated as soon as you make a large purchase. For purchases of real estate, cars or professional investments, this question is very often of current interest. So savings or …
It wasn’t until my thirty-first birthday that I realized if I didn’t find better ways to manage my finances, I would never attain real financial freedom. Yes, I was getting a decent salary, but I could never really explain how I spent every dime I received. Near the middle of each month, I would start …
Most people have at least two kinds of accounts: a savings account and a checking account. In my case, my checking account holds my money temporarily before it gets various uses. On the other hand, my savings account is my holding account since it keeps my money safe and accessible until when I am ready …
