Here’s an easy way to determine the minimum size of your emergency fund. It is a quick and dirty way that should stand you in good stead. The purpose of an emergency fund is to have money available in case of unexpected expenses. By dipping into the emergency fund to pay them, you don’t have […]
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Paying Off Student Loans Faster or Saving
By Michael Wroblewski, CFP® on September 2, 2015 in Spending Habits for Young Professionals
Should you pay off your student loans faster and then save or vice versa? Use these six tips to determine which course of action best suits you. This discussion assumes you have excess cash available after making the minimum student loan payments. These tips also work for other debt you want to repay faster, such […]
Are you Prepared for a Financial Emergency?
By Michael Wroblewski, CFP® on December 2, 2014 in Blog, Spending Habits for Young Professionals
I get a lot of questions on the right size of an emergency fund and how to use it. The purpose of an emergency fund is to have money available in case unexpected expenses crop up so that you don’t have to use high-cost debt to pay them. Emergency Fund Size Traditional financial advice suggests […]