Ask the Readers

Ask the Readers: How Many Bank Accounts Do You Have?

As part of the Automatic Finances system, it's necessary to have a number of different bank/investing accounts for your money. In order to better save for goals, every account you have needs a name: from your main checking account to your short-term savings to your long-term investment and retirement accounts. Sometimes, however, it's easy to [...]

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Ask the Readers: Do You Invest in Active or Passive Funds?

We've been focusing a lot recently on investing, with the basics of assets like ETFs, trading vs. investing and even hedge funds. With the stock market essentially on sale right now, it's a great time to be investing — but it obviously matters what you're buying. I'm a big fan of index funds, especially since [...]

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Ask the Readers: How Big is Your Emergency Fund?

Having an emergency fund is one of the first steps to setting yourself up for financial success. When you find yourself with a legitimate emergency — unemployment, unexpected medical bills or family issues — knowing that you can pay can be one of the most assuring feelings, especially in a time of turmmoil. Generally, personal [...]

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Ask the Readers: What's Financial Freedom to You?

On this 4th of July weekend, Americans across the country are celebrating independence and freedom (our friends to the north did earlier this week on Canada Day). But when it comes to your finances, you may not be as free as you'd like. Are you buried in debt? Are you living beyond your means? Or [...]

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Ask the Readers: Do You Still Write Checks?

Honestly, I can't remember the last time I wrote a check for anything. All of my spending is using debit cards with the occasional cash purchase and once-in-a-while credit card charge. All of those checks that I ordered way back when are just sitting around, yet to be used. Probably the only time I'd be [...]

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