Category Archives: saving money

Benefits of Regaining Health – I Don’t Have To Take Any Prescription Medication!

saving money
I was diagnosed with asthma after a serious bout with pneumonia in 2002.  I was working for the same company I work for now, in the same position. My job is basically to sit at my desk and work at my computer, and I was so sick with pneumonia that I didn't have the strength to sit at my computer, even at home!  I was practically bedridden for an entire month.  I can still remember having to drive one of… Read the rest

I Had To Take a Little Break But I’m Back

saving money
I had to take a little time off blogging.  Due to our financial situation we had to make a very difficult decision and it messed me up a little bit. I've been sad and tired, but I'm sure we did the right thing. I'd taken my Pathfinder in to have the air conditioning fixed.   No matter how broke we are, I have to have air conditioning in the summer in Arizona. I am simply unwilling to drive one hour each… Read the rest
Sinking Funds

What is the Difference Between an Emergency Fund and a Sinking Fund?

saving money
Last week I wrote about our sinking funds and how we manage bills that come due throughout the year. One of my readers Jenna commented saying, “Sounds a lot like an emergency fund. What is the difference?” It is true that our sinking funds could be used as an emergency fund. The problem comes when one of the bills comes due, and the emergency has wiped out the account. At that point we would have no other choice but to… Read the rest

Our Sinking Fund Accounts

saving money
Some time ago Jeff at Delivery Away Debt wrote about sinking fund accounts describing them as such, “A sinking fund can best be described as a pool of money that is set aside to cover future payments. Think of it as a piggy bank that you put money into and when the time comes you get to smash the little piggy and use the money you’ve been saving.”  I've used sinking fund accounts for my entire adult life, but I… Read the rest