A few months ago, around my son’s birthday, I tried to teach my son a financial lesson about savings. Unfortunately, it was foiled by birthday money that he received. For the past few years, my son was spending a lot of his allowance money on pokemon cards. A few times he got disappointed because he… Continue reading Financial Lesson For My Son – Savings
Tag: Savings
Roth IRA Emergency Fund
I don’t have a traditional emergency fund, so I decided once my mortgage is paid off, I’m going to use part of my previous mortgage payment savings to fund into my Roth IRA as an emergency fund. My Roth IRA previously was used just for active trading in a few high beta stocks. This… Continue reading Roth IRA Emergency Fund
Carpooling to Save Money and Reduce Gas Prices
During the winter of 2008, I was amazed when gas prices crept over $3.50 a gallon (not to mention when it went over $4.00). When this happened, I asked a buddy from work if he wanted to start car pooling. We have the perfect scenario, he only live 2 miles from my house, and his house was… Continue reading Carpooling to Save Money and Reduce Gas Prices