Category: Financial Advice

Importance of Planning for the Unexpected Modest Money6 Comments


It would be nice if life went exactly as we planned it. Everything would go smoothly and we’d reach our goals without any hiccups. Really though, that just doesn’t happen.

Regardless of how hard we work towards our goals, something is bound to come up. It could be a challenge like increased expenses or reduced income. On the other hand it could be a financial windfall or surprised promotion at work. Even the expected can be drastically different than what we envision.

With proper planning we can easily adapt our approach on the fly or we might have a contingency plan already in place. We don’t have to overwhelmed and left scrambling to figure out what to do.

I admit I don’t have proper contingency planning in place beyond an emergency fund. Just having that cash easily accessible is not enough. Sure the money helps, but what are you going to do beyond using that cash to deal with your emergency? What if a 2nd emergency hits before you refill your emergency fund. Just like how a business should have a contingency plan, so should your own finances.

Now that I’m self employed it…

This entry was posted in Financial Advice, and tagged Modest Money6 Comments
By : Jeremy Biberdorf | 17 Sep 2014
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Modest Money

6 Things You Need to Know About Making a Will

By : Adam | 8 Sep 2014

Scarily, according to Which?, one in three people die without having created a Will. Making a Will is one of the most serious commitments anyone can engage in, and it is important to have access to all the correct information to ensure that no mistakes …

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Using Your Financial Savvy to Help Others

By : Adam | 1 Sep 2014

People feel a major sense of accomplishment when they overcome a big financial hurdle. When they’ve eliminated piles of debt, started saving money for retirement, launched their own businesses, or made great real estate investments, they often look for ways to share the secrets of …

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Money Advice for the Poor

By : Adam | 8 Aug 2014

Most financial advice is written for people who already have money. Not the wealthy, but people who actually have disposable incomes. With a few adjustments, they can follow sage financial advice like saving a certain percentage of their income each month, or cutting extraneous expenses …

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5 Easy Ways to Save on Your Personal Loan

By : Adam | 6 Aug 2014

A personal loan can be a great tool to help finance your next big purchase, home renovation, business expansion, a new car or anything else that might require some extra money. Personal loans can vary in amount and type, but they are typically smaller than …

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How To Make Up To Extra $240 Per Year

By : Adam | 28 Jul 2014

The following is a guest about earning extra money. If interested in submitting a guest post please read my guest post policy and then contact me. Chances are if you have a rewards credit card you have a hidden way of making up to an …

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Life After Bankruptcy

By : Adam | 25 Jul 2014

The following is a post by Sara Stringer. If interested in submitting a guest post please read my guest post policy and then contact me. This is the story of Jane Grant (name changed to protect her privacy) a divorced mother of two from San …

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