My wife and I both have term life insurance policies. My annual life insurance premium is due in November. Her premium is due in December. In a perfect world, I’d divide my annual premium by 12, place that amount in my checking account each month, and then pay the bill in full when due. But, what do you do when…
Category: Budget
10 Ideas For Creating A Better Budget
If you are working to create an effective budget, consider the following: Be realistic. When estimating monthly projections, consider typical monthly amounts. Underestimating will get you in trouble and lead to frustration. Be patient. If you have never lived on a budget, it may take you (and your family) some time to adjust. Give yourself a break and spend the…
Evolution Of My Emergency Fund
When I first started getting out of debt, I created a bare-bones budget and a bare-bones emergency fund. I kept $1000 in my ING Savings account, and I only budgeted for “necessities”. After getting out of debt, I stuck with the “bare-bones” budget, but I increased my emergency fund to $20,000. Now that I have my fully-funded emergency fund, my…