No Debt Plan » Saving

Singles Need Larger Emergency Funds

Kevin — Mon, 29 Aug 2011 11:30:54 +0000

We live in financially difficult times. Unemployment has been consistently high for months. Even with Congressional extension of unemployment benefits, many families are running out of unemployment before they can find a job. We know emergency funds are important, but exactly how much of an emergency fund do I need? Does the situation change if you [...]

Singles Need Larger Emergency Funds is a post from No Debt Plan

Saving Versus Paying Down Debt: It’s All About Risk, Interest, Access, and Cash Flow

Kevin — Thu, 07 Apr 2011 11:30:56 +0000

It’s an age-old financial question: to pay down debt or to save extra funds for a rainy day? As with any personal finance question it really depends on your personal situation. That having been said here are some guidelines you can use to determine what is best for you. Risk, Emergencies, and Stability Having money [...]

Saving Versus Paying Down Debt: It’s All About Risk, Interest, Access, and Cash Flow is a post from No Debt Plan

Where to Find the Best Rewards Checking Accounts

Kevin — Mon, 11 Oct 2010 11:00:55 +0000

First we celebrated free checking accounts being forced out of existence. After receiving some confused comments by readers I dispelled reward checking account myths. In that second article I told you to hang tight because I’d be sharing where to find these great accounts in my next article. That time has come. It’s time to [...]

Where to Find the Best Rewards Checking Accounts is a post from No Debt Plan

Dispelling Rewards Checking Account Myths

Kevin — Thu, 07 Oct 2010 11:00:39 +0000

Earlier this week I told you to celebrate because major banks are phasing free checking accounts out of existence. If the major banks stop offering these accounts all the smaller and community banks will eventually fall in line and do the same. I told you to celebrate, to move to a new kind of account. [...]

Dispelling Rewards Checking Account Myths is a post from No Debt Plan

Major Banks Saying Goodbye to Free Checking Accounts

Kevin — Mon, 04 Oct 2010 11:00:58 +0000

Do you have a free checking account with a brick and mortar bank? Enjoy it much? Prepare to kiss it goodbye. Big banks are planning to phase free checking accounts out of existence according to a NY Times article. Don’t worry. This is the best thing that could happen to you if you use free [...]

Major Banks Saying Goodbye to Free Checking Accounts is a post from No Debt Plan

Why I Don’t Care About National Coupon Month

Kevin — Thu, 16 Sep 2010 11:00:00 +0000

Apparently it’s national coupon month. (As if we needed another name for September.) I used to be a huge fan of coupons. We even tried to play the coupon game to get free or heavily discounted stuff from stores like Walgreens and CVS. We bought papers. We clipped and flipped through pages upon pages upon [...]

Why I Don’t Care About National Coupon Month is a post from No Debt Plan

How Do You Feel When You Have to Use Your Emergency Fund?

Kevin — Thu, 09 Sep 2010 11:00:11 +0000

In my previous post I shared some strategies to deal with unexpected financial emergencies. Today, I thought I would “get real” with all my readers. I’ll get to that in a moment, but first I was curious as to how you feel whenever you have to tap your emergency fund. In other words: when your [...]

How Do You Feel When You Have to Use Your Emergency Fund? is a post from No Debt Plan

How Do You React to Financial Emergencies?

Kevin — Mon, 06 Sep 2010 11:00:46 +0000

We aren’t always financially diligent. We slip. We stumble. We spend money we shouldn’t spend and we don’t save the way we should. But what if you’ve corrected those behaviors? You’ve started (or maybe finished) saving up an emergency fund of 6 to 12 months of expenses. You spend less than you earn. In short, [...]

How Do You React to Financial Emergencies? is a post from No Debt Plan

4 Ways to Maximize Your Stop Loss Pay

Kevin — Thu, 19 Aug 2010 11:00:16 +0000

What would you do if someone walked up to you on the street and handed you a briefcase with $3,000 cash in it? And it wasn’t a trick. It was your cash to keep. Would you… walk to the nearest electronic store and walk out with a cart full of expensive equipment blow it on [...]

4 Ways to Maximize Your Stop Loss Pay is a post from No Debt Plan

How to Fly Around Financial Ash Clouds

Kevin — Tue, 20 Apr 2010 11:00:48 +0000

The ash cloud generated by a volcano in Iceland has stranded thousands of travelers in Europe. Some, it seems, are even going broke. Here’s a stunning quote (emphasis mine): “We’re at the end of the holiday so we’ve spent all our money,” a weary-eyed Andrew said, as he sat with his family next to the [...]

How to Fly Around Financial Ash Clouds is a post from No Debt Plan