It has been several years since my wife and I regularly used credit cards for monthly purchases. Instead, we use cash, debit cards, and online bill pay. Here’s how we broke our credit card cycle – 1. We put our credit cards in our wallets – and just left them there. We didn’t cut them up. We didn’t cancel them. …
Category: Emergency Fund
Increasing Emergency Fund Balance
We have decided to increase the amount of money that we keep in our emergency fund. One of our goals is to keep an amount equal to six months’ worth of expenses in our emergency fund. The primary purpose for the money in our emergency fund is to replace (or supplement reduced) income. Income designated for mid- and long-term savings…
Murphy – NCN, NCN – Murphy
Anything that can go wrong will go wrong. – Murphy’s Law It’s been a very interesting couple of weeks around No Credit Needed land. As many will recall, we recently purchased our first home. The first month in the new house was awesome. The second month? – filled with challenges! Three weeks ago, just as we were getting good and…