Tag Archives: extra money

How We Created an Emergency Fund

How We Created an Emergency Fund

One of the most basic important things that you can do to improve your financial position is to create an emergency fund. The experts have been saying this for a long time and this is one instance when the popular saying rings true. As many of you will recall, my wife and I had to dip into our emergency fund months ago when I transitioned into my new job. The only way to buy a used car in a short time is to use some of that cushion. Here’s how we created that cushion in the first place. Continue Reading

Ways to Make Extra Money

Ways to Make Extra Money

I hate to use the ‘Woe is Me’ expression when I talk about young adults, but this is often the reality for young adults, especially when it comes to personal finances. Young adults not only have lower salaries than other age groups, but they also are paying off student loans. Making extra money, for anyone regardless of age, can be extremely important because it provides you with the ability to do more. Given the challenges that young adults face, this can be even more important. Despite the recent downturn in the economy, I’ve found many ways to make a little extra money for our household. Continue Reading

What Would You Do with Extra Money?

What Would You Do with Extra Money?

It was just yesterday that I received an email from my supervisor, asking if anyone in our department wanted to work a midnight shift during finals week at the University where I am currently employed. Being a young, ambitious employee (I like to play to my strengths that my youth provides for me) I had already volunteered for another shift. I was extremely hesitant to work a 6 hour shift from 2am-8am, but I decided to do it because a little extra money is always nice. The big dilemma when it comes to agreeing to work this shift is what to do with my extra money? Continue Reading

Five More Ways to Make Extra Money

Five More Ways to Make Extra Money

Corey wrote about five great ways anyone can make extra money. I wanted to share five more ideas that I have used or friends of mine have used to make some extra cash. Each one of us used the extra money for different things: I used it to help me pay down my debt faster, while one of my friends used the money to max out his Roth IRA contributions each year. My other friend used the extra cash to fund his summer vacation with his girlfriend. Whatever you decide to do, make sure you have a plan for the money. Continue Reading