Kicking The Can Down the Road Is Not Financial Durability
Canoosa Finance is not here to get into political debates – money is the topic. The US federal government avoided postponed a shut down due to the annual budget not being agreed on before the current budget expires. This is a great time to look at how we can...
How to Increase Your Financial Durability
There is a lot of information about personal finance out there, but what is financial durability? It’s something that Equifax started scoring in 2020 – not that long ago! Equifax is a company that is known as one of the credit bureaus. So, what is it that they are...
Everything’s Good… Until It Isn’t!
Tires last until they blow… The income is great until it stops coming in… Our health is good until we end up in the hospital… Everything is good until it isn’t! Things can work out like in Hemmingway’s novel The Sun Also Rises: “How did you go bankrupt? Two...
Surround Yourself with Wealth – Cash at Home
Keeping cash at home should be an aspect of your emergency funds. I am a firm believer in having back-up plans. Sometimes, I have a back-up plan for the back-up! As Murphy says, “If something can go wrong, it will.” (… and it usually happens at the worst time!)...
Weather the Storms with an Emergency Fund
With the global financial crisis looming as the economic shutdown related to COVID-19 continues, I won’t go into much detail about why everyone should have an emergency account. I previously wrote about carrying emergency cash. That is not part of this emergency fund. The emergency fund I am talking...
Carry Emergency Cash to Boost Confidence
As I write this post, we are amid the Corona Virus crisis. This challenging time has brought to light the importance of managing emergencies and having emergency funds. It is times like these that test our financial durability. Carrying emergency cash is a part of the financial durability that...