The Wirecutter recommends: 1. Get your debt in order If you don’t pay in full each month: Lower interest payments on your credit cards. Call your card companies and negotiate a lower rate.Refinance your mortgageUse federal student loan protection 2. Shore up your cash Save the money you would’ve otherwise spent. You’re not eating out…
Day: March 23, 2020
How to build an emergency fund in the midst of an emergency
Now is not the time to stick your head in the sand and bemoan your situation! You are not alone.National surveys by the Federal Reserve have found that many households would struggle to handle an unexpected $400 expense. Writing for The New York Times, Ann Carrns provides this helpful advice from finance experts: Even small…
Your Money: A Hub for Help During the Coronavirus Crisis (The New York Times)
“If your income has fallen or been cut off completely, we’re here to help. This guide will connect you to the basic information you’ll need to get through this, including on government benefits, free services and financial strategies.” By Ron Lieber and Tara Siegel Bernard https://www.nytimes.com/article/coronavirus-money-unemployment.html?te=1&nl=your-money&emc=edit_my_20200323&campaign_id=12&instance_id=16999&segment_id=22635&user_id=bde4c6c63beab087f13b761e1ee9fe1e®i_id=8372066420200323 What you need to know: How unemployment insurance works…
You make most of your money in a bear market…
So in March 2020, the Dow and S&P 500 had their worst week since 2008… As famed value investor Shelby Davis observed: “You make most of your money in a bear market; you just don’t realize it at the time.” Advice below is quoted directly from Jason Zweig writing for the WSJ: What Benjamin Graham…