Savings

Job Loss – Save Money or Get Out of Debt?

by Matt Jabs

DFA reader Tiffany and her husband are wondering is saving money or repaying debt is the best way to prepare for job loss. Check out my recommendations, and share any advice you have that could help them through this tough situation.

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Debt Reduction and Savings Statement – March 2010

by Matt Jabs
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Due to uncertainty in our employment we are changing our strategy from one of hard core debt reduction to one of hard core saving. Check out our March progress and read more about our choice to start hoarding cash!

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DFA Weekly Link Rally: Saving Money to Repay Debt in Lump Sums

by Matt Jabs
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We will pay extra principal payments on our two highest rate loans and save all excess in a Debt Repayment Fund for future lump sum debt payments. We are doing this as a hedge against unemployment and a devastated Michigan housing market.

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Taking Action to Meet Our Savings Goal

by Robert Espe

Setting concrete savings goals helps to save money and bolster the necessary motivation to sacrifice and follow through. Come see how we modified our plan to help meet our goals.

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Debt Reduction and Savings Statement – February 2010

by Matt Jabs
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Debt reduction remains strong and consistent. Savings remains strong and consistent. Side income continues to grow and diversify. I can’t wait to pay off our Lending Club loan in March!

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DFA Weekly Link Rally: What is your favorite bank?

by Matt Jabs
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I write about bank has won me over as my favorite, ask you about your favorite bank, and present the DFA weekly link rally. Enjoy!

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Saving Money – An American Virtue Reborn

by Robert Espe
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Setting financial goals and saving money to meet those savings goals is quickly becoming an American virtue once again. What are your savings goals?

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SEP IRA Contribution Question: AJ Answered

by Matt Jabs
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Should DFA reader AJ contribute to her SEP IRA as an employer, and employee, or an individual?

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A Home Mortgage Means You Pay Double – Limited Income and Wise Spending

by Robert Espe
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We can only earn so much money in our lifetime… considering the fact that we rate chase savings accounts and seek out deals around every corner, should we really pay double the purchase price for our homes by using a home mortgage?

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Renting vs. Mortgage and A Solution for Mortgage Free Home Ownership

by Robert Espe
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The lie – “renting is throwing away money.” The truth – renting housing may be a better financial decision than buying a home. Don’t believe me? Check out these calculations on personal equity that prove my point.

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Debt Reduction and Savings Statement – January 2010

by Matt Jabs
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A debt free adventure can be a long, dry road… but continued progress in all areas of personal finance is a sweet breath of fresh air! Based on our financial goals for 2010 here is the progress we made through January of 2010.

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