Now more than ever the idea of an emergency cash fund is critical.  Many personal finance gurus recommend that individuals and/or families put aside at least 3 months of living expenses in a conservative vehicle (such as a CD, money market fund, or traditional savings account).   Living expenses include: mortgage, taxes, utilities, food, gas, and car payments.   An emergency […]

One of the most important life skills you can teach your child is how to save or, more specifically, why it’s important to save.   My parents would often bring me to the bank as a small child and I observed my mother writing and cashing checks, depositing money, etc.  By the time I was 7 or 8 my parents told […]