Comments on: Fixing your Finances: Get Started on Just One Thing

By: Adam

Adam — Mon, 30 Mar 2009 06:14:17 +0000

A little late to the discussion, but when I was an RA in school, the resident director always told us, “Motion creates emotion.” Whether or not you want to do something, sometimes the best thing to do is get started. I think Nike might have been onto something with, “Just Do It” .

By: Green Panda

Green Panda — Mon, 23 Mar 2009 20:06:19 +0000

@Rendell: Having a roof over your head is important.

@Tom and Grant: It’s tough to get started, but it’s important.

@Craig: Some people sock away a little bit for savings, but never really grow it. Labeling it for a specific use, an emergency fund, can help motivate them to be serious about saving for unexpected problems.

@tom: If you have a family and/or have some debt, I’d play it safe. If you’re single and have no major debt, I think you can go with less.

By: Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance

Learn The Basics of Investing - Edition #197 of Carnival of Personal Finance — Mon, 23 Mar 2009 11:01:19 +0000

[...] Panda Finances says that if your finances are a mess – then get started on just one thing. Great advice – better to concentrate and be [...]

By: Craig

Craig — Fri, 20 Mar 2009 13:51:08 +0000

You mention if you are low in money, to start an EF. I would think it would be the other way. To me, savings would come first, and an EF second. Usually people who start an EF tend to already have a savings going, something they are not touching to keep for the future. With an EF, it’s more of a safety net. If you don’t have any savings, I would consider just combining savings/EF together, because at that point, they are one and the same.

By: tom

tom — Fri, 20 Mar 2009 12:22:53 +0000

I have started to hear that having savings for 8-12 months is more needed now then ever, what are your thoughts on this?