Our Hybrid Emergency Fund

Ask people where to keep your emergency fund and you’ll get a nearly-unanimous response of ‘savings account at a bank or credit union’. Generally speaking this is sound advice. You want to keep money somewhere safe and secured, that can be accessed quickly. But there’s a problem with that approach: opportunity cost. I can hear […]

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Naming and Automating Our Way to Savings

Have you ever noticed that people tend to name weird things? Cars, guitars, phones, even more obscure things like a sewing machine or Keurig coffee maker. They’re all just stuff, yet we give them names that often are thought of as human (in rare cases, sometimes we name people after things instead). There’s a segment […]

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Tortoise and the Hare: House Edition

Most of us are familiar with the story of the tortoise and the hare. Two unlikely competitors in a race to the finish line. But, as the saying goes, slow and steady wins the race: the tortoise comes out ahead after slowly, deliberately, but consistently chugging along. The hare, on the other hand, started off […]

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Should You Have a Roth IRA?

IRA’s, or Individual Retirement Accounts, are good avenues to invest your money for the long-haul, and come with a number of advantages. They’re similar to employer-sponsored 401(k)’s in a way, but are totally decoupled from an employer; hence the I in IRA. Just like a 401(k), the money you put into these retirement accounts is what […]

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