Posts tagged emergency fund
2 Reasons We used our Opportunity Fund
2 Reasons We used our Opportunity Fund

It’s valuable for each family to have a cash emergency fund that can be tapped for true emergencies – like a car breaking down or furnace repair in winter – but this needn’t be more than a few thousand dollars.  Once you’ve comfortably saved for an unforeseen, short-term emergency, then you can turn your attention to bigger goals.

Read More
TacticsDeb MeyerWorthyNest LLCopportunity, opportunity fund, opportunities, emergency fund, career, career satisfaction, call, work, jeff goins, abundance, scarcity, growth, Spain, traveling overseas, traveling abroadComment
The Story Behind Redefining Family Wealth
The Story Behind Redefining Family Wealth

Redefining Family Wealth was written to transform the way you think about wealth. This labor of love was born out of my one-on-one work with WorthyNest® clients. In this post, I’ll be debunking the three biggest myths about money that are tripping up Christian families.

Read More
New + Noteworthy, FoundationDeb MeyerWorthyNest LLCfaith, family, finance, Christian finance, Catholic finance, money, financial wealth, family wealth, saving money, frugality, financial habits, wealth myths, misconceptions about wealth, financial mistakes, budgets, emergency fund, debt, values-based investing, insurance, retirement, estate planning, saving for college, financial advisors, live abundantly, vision, values, goalsComment
How to Use the Envelope Budget
How to Use the Envelope Budget

An envelope budget system is a great tool for new college grads, even high school students who are working part-time. Learning this simple tool is a great way for young people to get started on the right trajectory.

Read More
New + Noteworthy, TacticsDeb MeyerWorthyNestbudget, budgeting, family budget, debt, goals, savings, spending, spending plan, cash flow, financially responsible, pay off debt, save more, envelope budget, detailed budget, budget template, spend less, needs, wants, emergency fund, opportunity fund, credit card debt, student loan debt, online envelope budgetComment
My Three Biggest Financial Mistakes
My Three Biggest Financial Mistakes

Whatever your personal finance journey, there are going to be times in your life when you make a mistake. You chose one path and it doesn’t turn out the way you hoped. Learn from my biggest three financial missteps.

Read More
FoundationDeb MeyerWorthyNest LLCfinancial mistakes, financial success, budget, budgeting, emergency fund, opportunity fund, home ownership, down-payment, save for down-payment, investment mix, saving, financial planning, financial planner Comment
What to do with your 401(k) plan
What to do with your 401(k) plan

Whether retirement is near or far away, you’ve been assured that more savings now generally leads to a bigger nest egg later. You believed that diligence and determination were the keys to building wealth.

So, in today’s uncertain economic environment, what do you do with your employer-sponsored 401(k) or 403(b) plan?

Read More
New + Noteworthy, TacticsDeb MeyerRedefining Family WealthCOVID-19, Coronavirus, djia, dow jones, stock market, stock market crash, stock market volatility, wealth, wealthy, emergency fund, opportunity fund, retirement plan, retirement savings, retirement, how much to save for retirement, 401k, 403b, economics, investment, investment accounts, Investment Strategy, Amazon, bonds, fixed income, target-date, target asset mix, stock, mutual fund, equities, rebalance, self-directed, investment advisor, risk tolerance, conservative, aggressive, loss aversion, stock declines, financial anxiety, market volatility, stock market swings, 401k contributions, take money out of the 401k, IRA, IRA rollover, Fidelity, Schwab, financial planningComment
Faith-Based Investing: 3 Ways to Invest with Your Values
Faith-Based Investing: 3 Ways to Invest with Your Values

Now, as a more astute investor, I understand the importance of vision and values in financial decision-making when trying to build wealth. This is especially important as a Christian. […] In this article, I want to go over three principles of investing to help you align your financial decisions with your values.

Read More
New + Noteworthy, Legacy, TacticsDeb MeyerRedefining Family Wealthinvesting, diversification, vision, values, why, your why, guiding principles, vision statement, goals, goal-setting, family goals, 401k, 529, 529 plan, 403b, investment accounts, IRA, emergency fund, Cost Basis, taxes, financial independence, Portfolio Construction, Model Portfolio, charity, charitable organizations, donor advised funds, Rainy Day Funds, Christian living, Proverbs, Financial Gifts from GodComment
3 Simple Steps to an Opportunity Fund
3 Simple Steps to an Opportunity Fund

Maintaining an emergency fund of a few thousand dollars for true emergencies is great because it satisfies basic physiological and safety needs.  But once you’re mentally able to move up the hierarchy of needs to psychological needs and self-actualization, you’re ready to build an opportunity fund.  Saving for the future will seem far more enjoyable. 

Read More
TacticsDeb MeyerRedefining Family Wealthmaslow, hierarchy of needs, maslow hierarchy, emergency fund, opportunity fund, new year, dreams, save, savings, saving tips, how to save money, accountabilityComment