Sweating the Details and Getting Nowhere? Try this Instead…

Sometimes, it’s all too easy to monitor and manage the details—to sweat the small stuff, if you will.  What I mean by that is there’s no shortage of books, articles, and other literature (including some of my previous articles) about how details matter.  And details do matter!  But when you translate that into personal finance, … Continue reading Sweating the Details and Getting Nowhere? Try this Instead…

Supercharge Your Giving

As I mentioned in another article (“The Three Budget Overages I Never Question” – https://sowadime.com/2020/08/10/three-budget-overages-i-never-question/), charitable giving is one of the most important budget items for the Sow a Dime & Reap a Dollar household.  It’s something my wife and I were taught to do as young children and something we prioritize every month.  Hopefully … Continue reading Supercharge Your Giving

Intangible Financial Assets – Hint: It’s Not All About the Money

Because I don’t want the title of the article to intimidate anyone, let’s first define an intangible asset.  Instead of citing detailed accounting guidance, here’s the simplest definition I could find: “an asset that lacks physical substance.”  You see, it’s all too easy in the realm of personal finance to focus on those physical (read … Continue reading Intangible Financial Assets – Hint: It’s Not All About the Money

Part 3: Emergency Fund versus Emergency Strategy

As we embark on the last article in the three-part series, I want to cover what emergency savings are good for and what they aren’t.  There are hundreds of benefits to emergency savings.  A few examples are: Helps you sleep at night Lowers stress levels Encourages more diligent spending Manifests in better financial decision making … Continue reading Part 3: Emergency Fund versus Emergency Strategy

Part 1: Emergency Fund – A False Sense of Security?

Recently, a headline grabbed my attention.  That doesn’t happen often these days because I’ve vowed to be more aware of and intentional about ignoring sensational headlines, mostly because the articles typically don’t have much substance or meaningful analysis behind them.  But this one caught me—hook, line, and sinker.  The article I read was centered around … Continue reading Part 1: Emergency Fund – A False Sense of Security?