Emergency Fund, Polls

Reader Poll Results – 6 Months Worth Of Expenses And The Emergency Fund

A month ago, I asked my readers to share their ideas about emergency funds, how much money it takes to cover 6 months worth of expenses, and the best place to stash emergency fund cash.  I’ve been amazed by the response to the poll.  More than 1000 readers have voted – and almost 50 left detailed answers in the comments section! Here is a quick summary of the poll results, as of July 22, 2008. For most folks, six months worth of expenses is somewhere between $8,000 and $25,000.  But, for many, their goal is more than $30,000!  That’s pretty interesting. As for where to keep the emergecny fund, most opt for an online savings account, a few use a…

Continue Reading
Polls

Reader Poll – Who Are Your Personal Finance Heroes?

I’m home from a week at church camp.  This year, I served as camp director.  As you can no doubt imagine, I’m exhausted!  But, the camp was, by all accounts, a success.  The kids had fun, no one was seriously injured, and the nightly worship services were phenomenal.  Now that camp is over – it’s time to get back to my regular blogging schedule. While I was away, I spent some time thinking about the people who have inspired me – my personal finance heroes.  I’ll list mine, and then I’d love to hear from you.  Who inspires you?  Who motivates you?  Who helps you?  (If your hero has a website, feel free to link to it in your comments,…

Continue Reading
Polls

Reader Feedback Request – Practical Tips For Personal Finance Newbies

I have been so impressed with many of the responses to this recent Reader Poll About Emergency Funds.  Next week, I’ll write a post, summarizing many of those responses, and share the final poll results with you. Some of the comments (and a couple of emails that I received) really got me to thinking.  So, I turn, once again, to my loyal readers. If you had a chance to talk to a personal finance ‘newbie’ – What would you say to them?  Imagine advising a recent high school or college graduate, a young married couple, a single-parent, a teenager working at her first job.  What advice would you have for them? I’d love to read your practical tips for newbies…

Continue Reading