Category Archives: Personal Finance

Is Cash Fungible? Do You Create Separate Bank Accounts for Goals?

Building on the basics of personal finance that I started talking about last week, one of the biggest changes that The Wife and I made years ago was agreeing that cash isn’t fungible.  It took some convincing on her part to prove to me that creating different cash and investment buckets for specific purposes and goals would

What Should Someone Do After Paying Off All Consumer Debt? There is No Right Answer

I received an email yesterday from a reader named Jared that reminded me among my recent posts about investing and Buffett I may have been ignoring some basic tenets of personal finance.  Jared wrote me and asked, Evan,  First off, THANK YOU. Your blog has been wonderful to read and has been very useful to

6 Ways to Increase Personal Wealth at any Age

Whether you earn a little or a lot, there are ways to increase your personal wealth. The truth is, being financially independent isn’t only reserved for the wealthy. You don’t have to be born with a silver spoon or receive the best financial education to grow your net worth. However, you do need to make

Financial Assistance When Facing an Emergency

If you are currently facing an emergency and are in need of money fast, you may be tempted to take out a payday loan. While this may in fact provide temporary relief, it is likely to cause you even more financial problems in the future. In addition, these types of loans often include higher fees

Finally Switching to a Prepaid Cell Phone Plan

I have been with the same cell phone company, Sprint, for almost a decade at this point, but later this month I am finally taking the leap and moving to a different carrier.  For the first time in that decade history with Sprint I have made the 2 years without needing a new phone.  Although

Planning for Your Children’s Education

If you have children, you may already be thinking about how you are going to cover the cost of the future education. It is very true that education is not cheap and parents can expect to pay well into the thousands of dollars, if not hundreds of thousands of dollars, for their kid’s education. This