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money management

Personal Finance 101 – Sinking Funds

by Tsh

As you know, our money strategy is to follow Dave Ramsey’s baby steps, and in my recent post explaining Baby Step 3, I mentioned “sinking funds.” It’s a simple financial strategy, and it’s not new, but it has enormously helped our family’s finances. And I encourage you to start using sinking funds even while paying [...]

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money management

Personal Finance 101 – The Fully-Funded Emergency Fund

by Tsh

This is the third part in my series on Dave Ramsey’s Baby Steps, a proven personal financial plan. My goal is to explain a really solid money management plan in plain ol’ English, for intelligent yet financially “average” home managers. The third step with Dave Ramsey’s Total Money Makeover is to fully fund your emergency [...]

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