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Tag: emergency fund

How should I start setting financial goals?
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How should I start setting financial goals?

  • Posted on December 24, 2020July 26, 2022
  • by BrightDime

Imagine that running a 5k has been one of your goals for a long time. You want to check it off your list so you’re preparing. Your alarm sounds an…

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What should I do to wrap up my finances for the year?
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What should I do to wrap up my finances for the year?

  • Posted on December 4, 2020July 26, 2022
  • by BrightDime

Even if this year did not turn out as you hoped, you can still end the year on a positive note with your money! Below are TEN quick-hit items that…

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Is taking money from my 401(k) a good idea?
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Is taking money from my 401(k) a good idea?

  • Posted on September 4, 2020July 26, 2022
  • by BrightDime

Financial stress is running pretty high right now. Perhaps your job has been impacted. Maybe you’re seeing unexpected health expenses. The kids are home instead of at school. There’s a…

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How can I overcome my money troubles right now?
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How can I overcome my money troubles right now?

  • Posted on August 28, 2020July 26, 2022
  • by BrightDime

If you’re feeling panicked about your money right now, breathe and start reviewing your current situation with these six steps. #1. Let’s start with looking at your monthly income and…

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How big should my emergency fund be?
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How big should my emergency fund be?

  • Posted on August 17, 2020July 26, 2022
  • by BrightDime

If you search “how big should my emergency fund be?” you’ll find a lot of different answers. Everything from “you don’t need one” to “a full year’s worth of expenses.”…

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Is a credit card enough to cover emergencies?
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Is a credit card enough to cover emergencies?

  • Posted on August 6, 2020November 25, 2024
  • by BrightDime

Do you use a credit card for emergencies? You are not alone, as many of us were taught to keep a credit card, “just in case.” More than 189 million…

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Where should I keep my rainy day fund?
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Where should I keep my rainy day fund?

  • Posted on July 15, 2020July 26, 2022
  • by BrightDime

Have you ever felt like stuff just kept happening out of your control? You know the saying: when it rains, it pours. A car repair. An unexpected medical expense. Job…

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I Have Some Extra Cash. What’s My Best Next Step?

  • Posted on October 4, 2019July 26, 2022
  • by BrightDime

You finally have some breathing room in your budget; you’re spending less than you earn and there’s cash left over at the end of the month. Now you want to…

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Why It’s Important to Save Now for the Future

  • Posted on January 28, 2019July 26, 2022
  • by BrightDime

To save means to set aside, keep, reserve, conserve, or stockpile. National Savings Day (October 12th) was created to drive awareness about the importance of saving. To quote Warren Buffett,…

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Understanding and Overcoming Financial Procrastination

  • Posted on January 15, 2019July 26, 2022
  • by BrightDime

Pro·cras·ti·na·tion (prəˌkrastəˈnāSH(ə)n) – the action of delaying or postponing something. We’re all familiar with procrastination; whether it’s a particular household chore or those financial tasks we all know we should…

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