Invest Your Money

What is Your Time Horizon?

What Is Your Time Horizon? Different goals have different time horizons. Some are short term—such as establishing an emergency fund—and some are long term, like retirement. Tackling all your savings goals at once is unrealistic, so you should prioritize. The most immediate savings goal is your emergency fund. Experts recommend that you have an emergency fund sufficient to cover six months living expenses. Assets in the emergency fund should be very liquid such as cash in a savings account or in a money market fund. You may need a bigger emergency fund in some circumstances: If you may face hurdles when looking for a new job, such as geographic restrictions or the need for flexibility in terms of travel or work hours. If you have health issues or a dependent with special needs. If you dip into your emergency fund, replenish it as soon as possible. Saving enough for retirement…

Nancy Doyle is quoted in US NEWS article on Emergency Funds

Nancy Doyle is quoted in US NEWS Investing your money starts with establishing your savings goals. Revisiting your savings goals is a great resolution for 2017. Prioritize your savings goals based on the different time horizons — near-term, long-term, and intermediate-term.  Establishing an emergency fund should be a top near-term goal. Carlson, Debbie: Carlson, Debbie: “How to Build an Emergency Fund” US NEWS See link below: US News How to Build an Emergency Fund

Invest Your Money

Invest Your Money is one of the four pillars in Managing your Financial Life.  The others are Get Organized, Analyze your Financial Profile, and Educate Yourself About Investing. The following is a collection of posts that include important guidelines to follow. Please keep checking back as this list is constantly growing!