Oversaving (is That Even a Thing?)

stuffed-piggy-bankAre you saving too much money? First of all, for many folks, that seems like such a ridiculous question in the first place. Many folks aren’t saving at all and many more aren’t saving enough; but saving too much? Is that really a thing?

I absolutely think so. Saving shouldn’t just be something that you do– it should be something that you do with purpose. Like I’ve said countless times in regards to our financial lives, it’s important to have a plan. That includes how and why we are saving. Continue reading

Four Pillars of Financial Health: Pillar #4 – Saving

Four PillarsIn this final post from our Financial Literacy Month special series on the Four Pillars of Financial Health, we’re talking about saving. It’s the most important part of your budget. Saving isn’t entirely without its challenges but it’s a necessity. Without savings, even the best-functioning budget is far more frail than it appears. A budget without savings is a house made out of straw instead of a house made out of bricks. If one big, bad life event comes along, it’ll blow your house down.

Sort of on that note, the economy is tough these days. We’re earning less as things are costing more. Some folks would argue that makes it harder to save money. I would say that makes it all the more important that we save.
Continue reading

Financial Literacy Month

Financial-LiteracyApril is Financial Literacy Month. To mark that occasion, I’ll be posting a special series throughout the month on what I consider to be the Four Pillars of Financial Health.

April is as good a month as any to turn the corner in your financial life; and over the course of the next four weeks, I’ll do my very best to help you understand those pillars in order to lay a solid foundation for getting and keeping control over your finances.
Continue reading