Debt Story, Emergency Fund, Polls

Reader Poll – Just How Much Is 6 Months Worth Of Expenses?

Many popular personal finance ‘gurus’ suggest maintaining an emergency fund with enough money to cover 6 months worth of expenses. I thought it might be interesting to see what my readers thought about this advice. If you are reading this post in a feed-reader, you will need to click through in order to leave a comment and vote in the poll. n {democracy:9} Now that you’ve voted, a few questions – Question 1: Where do you keep you emergency fund? In a savings account, money market, checking account, or under the mattress? Question 2: What about six months worth of expenses? Is this too much… or too little? Question 3: Would you sacrifice a fully-funded emergency fund in order to…

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Polls

Reader Poll Results – Are You Debt Free?

Here are the results from last month’s poll – Are You Debt Free? Number of votes – 590 57% of voters are ‘working on it’. If you add both “yes” categories together, 40% of voters are either debt free with a mortgage, or debt free without a mortgage! Awesome. (3% of voters are not focused on debt reduction…) I also asked folks to share their stories – click here to read about their awesome progress! I have decided to leave this poll up for another month, so please click over and vote!

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Polls

Are You Hiding Debt From Your Spouse? Yikes! Suze Orman On The Oprah Show

Did you happen to see Oprah today? (I rarely watch her show – but my wife was watching and she called today’s show to my attention.) Oprah interviewed a woman who had hidden – wait for it – more than $50,000 in debt from her husband. (I was going to write an article about the show, but Dedicated to Financial Freedom has already done a nice job of recapping.) If you want to see clips of the show, click here to visit Oprah’s site. (By the way, I’m not a big fan of Suze Orman, and I think she was a little harsh on the husband – but she does a very good job of setting this couple straight.) After…

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