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Getting My Child The Additional Help In School He Or She Needs
The British government promised "that a child with special educational needs should have their needs met" (sec. 1.3, SEN Code of Practice, 2001). Even though it's printed for all to see, they won't be able to keep the promise, as they don't have...
Homework Help for the Attention Deficit Child
Does the homework battle so typical with your hyperactive or A.D.D. child have you at the end of your rope? Relax. We have some tried-and-try ADHD information that should get your A.D.D. child on the right homework path. The hyperactive or...
PASSING THE FAMILY BUSINESS TO THE NEXT GENERATION - IS IT THE BEST CHOICE?
As Penn State professor William Rothwell ominously points out in the forward to Exit Right: A Guided Tour of Succession Planning for Families in Business Together, more than 40% of the people who run the closely held operations that comprise 80% of...
Promise Rings! Hot Symbols of Commitment Since the 16th Century!
What's all this fuss about promise rings? Are they something new or have they been around for a while? What do they mean and why is my teenager wearing one? If you've ever wondered what the rage is all about, then you've come to the right place! ...
School Bullying Stopped: 5 Tips to Blast Hardcore Bullies!
Hardcore bullies!
Which staff members are best suited to deal with them during the school year?
In my experience of coordinating the Bully Zapper Mentor Program for 7 years, guidance counselors are the most effective with these hardcore...
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Crisis Fund
What would it be like to have a pot of money available when you
have an unexpected expense? I used to think that unexpected
expenses was something that happened very rarely. But it seems
like these days I have as many unexpected expenses as I do
regular bills. One of the vehicles is always needing tires or
repairs, the washing machine needs replaced or buying a new
water heater (like I did just last week). That is where the
Crisis Fund comes in.
If you have a budget in place, most of your regular paycheck is
already allocated for something. Ideally about 10% should be put
aside for savings. It would be a good idea to use about half of
your savings for long term savings and half for your crisis
fund. Your long term savings would be used for large purchases
like a home or money for college for the kids while a crisis
fund would be used smaller purchases.
Your long term savings can be invested in many ways to yield the
best interest rate you can find since the money is intended to
be tied up for years. Your crisis fund needs to be in a savings
account or a checking account that earns interest to make the
money available on short notice.
You may even want to use your crisis fund for bills or
expenses
that you know will be due in the future. A few examples of this
could be school clothes for the kids, insurance payments that
are due every three, six or twelve months or even a balloon
payment on your mortgage.
One of the major reasons to have a crisis fund is to prevent the
use of credit cards. All of the purchases you would make with a
credit card could be made out of your crisis fund. With the
average credit card interest being 18% or more, just having the
cash available could save you hundreds of dollars a year.
If you don't think you have money for a savings of any kind you
might want to think about ways of cutting back on something else
to creat a crisis fund. If money is extremely tight, you will
probably have to put off starting a long term savings.
Even putting $5 or $10 a payday away will help when you need it.
About the Author
Terry Rigg is the author of Living Within Your Means - The Easy
Way http://www.homemoneyhelp.com/ebookadpage.html and editor
of The FREE Budget Stretcher Newsletter and Budget Stretcher
web site http://www.homemoneyhelp.com. He has 25 years of
experience counseling individuals and families concerning their
personal finances.
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