You need an emergency fund, there's no doubt about that. How much cash should be in that fund, on the other hand, varies depending on who you ask. Most experts say between 3-6 months, but that's a pretty big jump. For a better idea of where you fall on the spectrum, try the 3-6-9 guideline.
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It's important to learn the basics of personal finance, but the way you think about money is perhaps more important. A lot of personal finance experts have said this in one way or another, but I like the way Mr Money Mustache says it best: "Getting rich is more mental than it is tactical."
It's not too hard to build a basic budget. A few tips and tricks can help you make it really solid. But even a good budget can go awry. There are a handful of mistakes that throw people off, but the good news is: these mistakes are easy enough to fix.
Your bills are too damn high, your income sucks and debt traps are everywhere. Mastering your finances isn't easy, but here's the thing: if you actually want to improve your financial situation, focusing on these injustices, even though they're real, won't help. Taking control, on the other hand, can help more than you probably realise.
Buying gifts can wreak havoc on your holiday budget, but having a list of inexpensive present ideas stops you from overspending. What are your best affordable gift ideas?
A reader recently asked me what sort of life strategies are useful for a single person who is already on the road to financial independence. I'm lucky to be married with a family, but it got me thinking: If I were suddenly single again with no wife or children and had my current financial state, what would I do?
Money rules might be simple, but they're not always easy to stick to. If you want to build wealth, you have to constantly work on your money habits and rethink your relationship with money. Here are some of the best personal finance tips we've shared over the years that everyone should learn or relearn.
Some products and services are worth spending more money on, like a comfortable bed or durable kitchen equipment. What are you willing to shell out for that is worth the extra money you'll pay for it?