Realities of Saving Money

It is interesting to note that the savings rate is the highest since June 1998! What is really interesting though is how the savings rate jumps during recessions.

Funding an Emergency Fund

This is a follow-up article to How To Build An Emergency Fund. In this article…

How To Build An Emergency Fund

I think at some level we all understand the need to save money for emergencies and rainy days. However, most of us, including myself think about paying bills first and then saving…

Savings Enemy #2 Is… Payday Loans

Easy Cash Around The Corner There is an amazing source of “easy cash” …at your local “Payday Lender”.  It is estimated that payday lenders provide instant cash to more than 15 million people each month. According to the Center of Responsible Lending (http://www.responsiblelending.org/), for the year ending 2006, there were over 23,000 payday loan outlets [...]

Savings Enemy #1 Is… Credit Cards!

Credit Cards Convenient and Lethal Credit cards are easy, handy and safe to use… so say the credit card companies.  Infact, if go out to s store right now, you will probably not be able to find a wallet that does not have at least two slots for credit cards.  How convenient! A credit card [...]

Death of Good Money Saving Habits

What Happened To My Savings? I truly believe that your savings discipline and habits will ultimately determine how wealthy you become.  Making money is a skill that can be learnt, and so wealth is not about how much money you make, but about how much you keep. But whatever happened to good money saving habits?   [...]