Category: Investing

Does Everyone Need An Emergency Fund? Clarkgym105 Comments

emergency-fund

The great thing about personal finance blogs is that you can find all kinds of personalized advice for a wide variety of scenarios.

Unfortunately the line between personal advice and general advice often gets blurred.

Some advice gets repeated over and over so much that people just start to assume that it is one size fits all advice. They forget that everyone has a unique situation. Not everyone should be following Dave Ramsey’s plan.

Usually it is the ‘rules’ about credit card usage that I have the biggest beef with. In my opinion another major offense is pushing everyone to maintain a large emergency fund. I just can’t wrap my head around the concept that apparently everyone should tie up a large sum of money in a low interest savings account.

While it does make sense for people with debt problems, it just doesn’t seem logical for anyone with decent credit. In such cases a small emergency fund should be adequate.

Why It Is Necessary For People In Debt

For people with debt problems, they usually have limited options to find cash to pay for various emergencies that arise. A lot of the time those emergencies would…

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By : Jeremy Biberdorf | 23 Jul 2012
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canadian-investing

Top Canadian Investing Blogs

By : Jeremy Biberdorf | 16 Jun 2012

Back in April I created a poll to rank the Top Canadian Personal Finance Blogs. Thanks to all the bloggers who shared that list with their followers, that post has remained the most popular post on my blog. At the time I took a bit …

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stock-market-investing

Pros and Cons To Investing In The Stock Market Today

By : Adam | 6 Jun 2012

The following is a guest post by Karl from WiseStockBuyer.com, a blog that teaches you how to how to buy stocks and grow your nest egg. Let’s start with the positives Great Opportunities As you will undoubtedly be aware, the markets have been very volatile …

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job-investment

Treating Your Job As An Investment

By : Adam | 16 May 2012

The following is a guest post from Justin at The Family Finances, the story of one family’s financial journey. Many people think of their job simply as a means to an end. In other words, it’s just something they have to do in order to …

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