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Tag Archives: losing money

The Emergency Fund Has Taken a Hit

Well the past couple of months have been shaping up to be costly ones in the Eyes on the Dollar house. You roll along doing pretty well, then it seems like the wheels fall off. Unexpected expenses pop up when you least expect them. Depending on how well you are prepared, they can be a minor bump in the road, or they can derail you altogether. How do you recover when the emergency fund has taken a hit? Stupidity Costs Money I like to think I’m a pretty good driver. Other than the minor incident involving my car and a pole at the bank, we have been accident and ticket free for many years, until last month anyway. I was on my way into town on the route I’ve driven hundreds of times. There was construction and a short detour. Normally, I have to drive through a school zone to get to work. There is a big flashing sign that says the speed limit is 15mph. I think school zones should be protected with low speed limits, so that is fine by me. ¬†However, the detour spit me out on a side street, so I didn’t go past the flashing ...

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Broke in Retirement: Why It’s Important to Know Where Your Money Is.

Every time I go back to visit my family in the South, it seem that I learn something new. Once I learned from an uncle that you can collect insurance money if your cow is struck by lightning. Good or bad, I also learn more than I want about family members. Generally there are no secrets, and most stories make me chuckle, like the two cousins who got into a fist fight over their deceased mother’s couch at the funeral home. However, this past visit I found out something very disturbing about one of my favorite relatives. Instead of looking forward to her golden years, she found that her husband had taken all the money without her knowledge. Essentially, she was broke. No matter how long you’ve been married, it’s very important to know where your money is. I am not elitist, but I can look at some of my relatives and realize their lifestyle is not quite like mine. It really has nothing to do with money, but attitudes. In my small rural town, most people get married young, have lots of kids, and work at a job they hate until they are too old to work anymore. They ...

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