Comments for Personal Finance Guide

Comment on Staying Under a Monthly Budget by Kasey

Kasey — Thu, 08 Oct 2009 12:33:49 +0000

Great article!

Comment on Staying Under a Monthly Budget by Alex Fernandes

Alex Fernandes — Tue, 29 Sep 2009 10:03:32 +0000

Great post, it will surely help many people to make proper monthly budget.

Comment on Money for the Long Run by On the Money

On the Money — Sun, 14 Jun 2009 21:09:56 +0000

With interest rates so low and investment schemes up in the air, it’s difficult to know what to do with savings or where to put money for the future. Gold and perhaps works of arts seem reasonable bets … Thanks for your informative post.

Comment on Credit Cards - History by On the Money

On the Money — Fri, 29 May 2009 22:48:59 +0000

I think the main reason people have so many cards, particularly in recent years, is because some are designed specifically for 0% balance transfers, others for 0% purchases, others for cheaper foreign transaction fees, others for loyalty gifts, etc, etc. Probably 0% transfer cards are the most common duplicates in people’s wallets as they shuffle debt around trying to avoid interest … But woe betide them if they use the wrong card for the wrong purpose as the charges really kick in then.

Cheers for your interesting post.

Comment on The Efficacy of an Emergency Fund by Investing during bear market

Investing during bear market — Thu, 21 May 2009 15:02:36 +0000

So what we need is to remain mentally prepared all the time. And financial preparations for the unknown helps us to overcome the challenges in whatever form they may appear; job loss or a deadly disease in the family. This preparedness is provided by an emergency fund.

Comment on Using Cash Advances Properly by Investing during bear market

Investing during bear market — Thu, 21 May 2009 14:58:11 +0000

The only thing great about these loans is the interest rate — great for the lender, not the borrower.

Comment on Use a HELOC as an emergency fund by Provo Insurance Agent

Provo Insurance Agent — Mon, 06 Oct 2008 19:41:21 +0000

This is very risky advice to be giving out on a blog. This idea may work for some people (I’d never recommend it for anyone) but not all. Helocs usually have variable interest rates which can destroy your financial plan overnight. If you need an emergency fund than save up some money for a few months.

Comment on Use a HELOC as an emergency fund by Lisa

Lisa — Wed, 13 Aug 2008 20:44:06 +0000

Doesn’t work if your house value drops….. ahhh…. the market dropped. I don’t think the house I bought two years ago is worth what I paid. Think it dropped at least 10-15%

Comment on Use a HELOC as an emergency fund by Anthony

Anthony — Thu, 20 Mar 2008 19:43:26 +0000

I have to say that is really not good advice at all. Any financial professional will tell you that having an emergency fund is a smart financial move. No (good) financial professional would tell these people to use debt over savings. That is just bad advice, plain and simple.

Perhaps you are confusing the “trend” with people who use money merge accounts to pay down their mortgage instead of having these funds sitting around, then using the HELOC for emergencies, but still the recommendation is always to have an emergency fund because it make more sense to earn interest than to pay it.

Comment on Child Life Insurance by Carin

Carin — Mon, 17 Mar 2008 15:45:42 +0000

Good article!

The life insurance policy that you buy for your child can also be advantageous in later years. The policy is bought when no health concerns are a factor; simply by keeping up the premiums, your child will have coverage that has cash value later on.