Personal Finance Buzz

There is a lot of debate as of late on how to repay your debt and how to contribute to your Emergency Fund. Fortunately, a lot of times the simple solutions are the best solutions. Follow the simple strategies in this article to optimize your debt repayment and Emergency Fund contributions.

Starting an emergency savings fund is one of the fundamental building blocks in building a personal finance foundation for yourself. Many personal finance gurus agree that this is one of the first things you should do, ranking ahead of paying off high interest debt.

Should some families have a larger emergency fund than others? What is the right amount for your family to set aside in an emergency fund?

Last week I wrote about how my wife and I paid off a lot of debt in less than five years. An important part of getting out of debt for us was an emergency fund.

Having adequate emergency money is the foundation of a solid fanancial plan. Here is one way to build an emergency savings fund.