Category: saving

Ask The M-Network: Where Is The Best Place To Save & Grow Cash?

My Two Dollars reader Kelly sent in the following question to the M-Network’s new feature “Ask The M-Network“:

“My husband and I currently have 30K in savings and put in 2500 a month into a HSBC Online account paying about 2.4% currently. Is this the best place to save or grow this money? We have about 12 months of emergency money in the 30K, have a 200K house mortgage at 4.875%, 75K in student loans at 2% and no CC debt. We are not interested in paying down the mortgage or the student loans as they are at such a low rate. We will need new cars in the next 2 years but do not foresee any more expenses. Should we put some/all of this new savings into the stock market as it is so low right now and we can afford to wait to pull it out if necessary? I am a teacher and my husband is an attorney and we have 95% job security.”

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saving

By David

When it Comes to an Emergency Fund, Cash is King.

The Dough Roller, or DR, is the writer behind The Dough Roller a blog about money management. DR covers how to make more money, how to manage money smartly, and how to invest money wisely. If you like what you see, be sure to subscribe to The Dough Roller

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saving

By David

Ask The M-Network: Make Multiple Small Payments On Monthly Bills?

My Two Dollars reader Jaimie sent in the following question to the M-Network’s new feature “Ask The M-Network“:

“I have always lived paycheck to paycheck. I am paid weekly and in extreme desire to enable financial security I have instituted a new budget plan. I pay a portion of every bill I have (utilities, car payments, credit cards, insurance, etc.) each and every week. I have worked this forward for a few months and it seems that if I stick to it strictly I will be doing very well. Is there any reason I should not do this?”

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saving

By David

New Landline Phone TV Ads Are Cute, But Would You Change Back From VOIP?

Have you seen the new ads on television extolling the virtues of having a landline at home instead of VOIP or cell phones? They are pretty cute ads, with young kids saying how clear the calls are and how it’s like being back in the 1800′s or something… “you know, connected to the land“. The funny part is that yes, it is exactly like being back in the 1800′s – you are paying way more for an outdated technology than you would for modern, up to date technology!

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saving

By David

If You Don’t Need It, It’s Not A Bargain At All.

I don’t know about you, but I am getting kind of tired of watching the news and seeing consumer segments encouraging us to shop just because there are some deals out there. Between the Christmas season starting in mid-November, Black Friday, Black Monday, Black Friday 2 and now these “pundits” still trying to get us to part with our hard-earned money, I am a little burnt out on the “buy this stuff because it is on sale” mantra. If you don’t need something, it doesn’t matter how much it costs – you don’t need to spend the money for it!

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saving