CTC tips: create an emergency fund

You can’t plan when emergencies happen but you can have a plan for whenever they occur. That plan should include an emergency fund that covers at least three months’ worth of expenses. What kind of expenses are we talking about? Basically any expense that you would need to cover to maintain your health and safety, and…

SMART New Year’s resolutions

Are you considering a financial new year’s resolution for 2015? According to Statistic Brain, 34% of New Year’s resolutions are money-related. For 2014, saving more money and spending less was the third most popular resolution. Unfortunately, only eight percent of the people surveyed were successful with their resolution (financial or otherwise). While there are many…

Your personal finances after graduation — part two

Earlier this week, we shared a few basic ideas that you can use to build a healthy foundation for your personal finances after college. Today, let’s look at some specific things you can do and goals to work towards to get your finances off on the right foot. Create a budget On the surface, a…

A savings plan for your emergency fund

Last week, I listed a few questions to ask yourself to help you decide how much money to hold in your emergency fund. Hopefully, the questions have helped you seriously think about your emergency fund and discuss it with others as needed. The next step is to put a savings plan into action. Don’t worry…

How big should your emergency fund be?

Most financial experts will agree that people should have an emergency fund. But there are different opinions on just how much money should be kept in that fund. The general consensus is to have anywhere between three months to a full year’s worth of expenses saved in case of emergency – that could easily be…