Good morning, I’m spreading the news! I’ve had the privilege of writing a guest post on ‘Eyes On The Dollar’ talking about some Retirement topics. Please jump here to visit Kim’s blog.
As a switch up from what you’d expect during the pre-Christmas time, I’m throwing out an Retirement post. This tools gives a nice overview of expectations for retirement.
Well it’s that time of year again. The Traditional Christmas Shopping Season! Not like when I was a kid when you waited until Santa appeared at the Macy’s Thanksgiving Parade. Nope, these days Christmas starts in October… or September…
The important thing to remember about the Holiday Season is not the money you safe, or the gifts you get. It’s the Reason for the Season. Regardless of your Religious affiliations, the spirit of Peace on Earth and Goodwill towards Men should be the theme of both the season and the year. Not the latest iGottaHave device.
USA Today’s article shows Wal-Mart getting online holiday shopping started today. Crazy.
Wow, it’s been over a month since my last post. Did I fall off the edge of the planet? Did I lose internet? (did you even notice?)
I’m all about saving money. Sometimes you need to spend a little to save a little. One of the bigger things we’ve done is pony up a few dollars for Amazon Prime. We’ve been members for about 3 years now and have definitely saved on our free shipping. With my mother, brother, his son, and my eldest daughter in Texas, getting gifts to them is pretty easy. We have a poor planning tendency and as a results, realize that there’s a birthday we need to handle in the next day or so. How do we do this without going broke?
Enter Amazon Prime
We’ve been an advocate of the Emergency Fund (aka “Oh Crap Fund”) for years. It has definitely helped us out on a few occasions. And it’s not just the immediate need that it satisfies. Yes, it’s nice to know that if the hot water heater bursts, you don’t have to pull out the MasterCard to pay for it. It’s also the peace of mind behind that.
I came across this post from Betterment.com today which raises the question on the best approach on where to put your Emergency Funds. We initially signed up for ING Direct (before it became part of Capital One) because they had higher interest rates than other sources. Now that they too have fallen down to the anemic rates of less than 1%, that is one bonus that goes away.
I’ve just added a new spreadsheet to help you (and me) with tracking mutual funds.
Check it out on this page. With this you’ll be able to track what I consider to be some of the more important attributes of mutual funds. The spreadsheet is seeded with a variety of Funds available via Fidelity. You can make a copy of the Google Doc for yourself and check out funds that interest you.
Please feel free to share and let me know what you think!
I saw this post today from Retire by 40 and thought “Wow.. a really great way to look at using compounding”. Ok, actually when I saw the title I thought it was a running training article, which would go better with My Running Blog. But I digress..
Sprinting at the beginning? Horrible idea for a marathon race, but an AWESOME idea when applied to retirement savings. We’re in the position where we’re sprinting at the end (i.e. saving more now) but what if you (yes you) could sprint at the beginning of your career? RB40’s numbers make a great case for that.
One of my goals has been to pay off our Mortgage. Imagine going into retirement without a monthly mortgage payment hanging over you?
But as this story tells, what may look like a good idea on paper, may wind up biting you later.
This is a cautionary tale that highlights the need for an Emergency Fund. I’d still like to be Mortgage free (in addition to our DebtFree status), but we also need to make sure we cover our ASSets with an Emergency Fund.
What about you? How are you handling the balance between Emergency Fund and paying off/down debt?
I’d appreciate any reads and reviews. Click on the image to go to the Product Page
This book provides my Training Tips and Tricks I used to prepare to run 39.3 miles over the course of a weekend. This is a follow up to my prior book, highlighted below.
You do not need a Kindle device to read this book. You can download the free kindle software here:
I hope you’ll check it out