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Nov 28, 2007    |       18 comments

Our Emergency Fund is Fully Funded

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We recently received a minor windfall when we surrendered a whole life insurance policy. The timing of that check ($1,300) enabled us to hit the halfway mark with our debt. For the past few days I have been debating what to do with the rest of it.

I finally decided to go ahead and use some of it to increase the amount in our emergency fund to $2,500. That was the amount that we were aiming to have in there some time ago, but we never made that goal. For now, we will leave our emergency fund at $2,500 and concentrate 100% on paying down our debt.

There is still some money left from the insurance check. My son’s recent unexpected visit to the doctor gobbled some of it up (he’s okay – the doctor thinks he caught a bad bug going around). We will probably put a few hundred more towards our credit card debt and keep the rest around for a little bit. That will give us some breathing room for Christmas-time.

I still can’t believe that we actually have thousands of dollars in the bank at this very moment. I can get used to having money stashed away like that. It gives you a sense of security knowing it is there if you need it.

Nov 26, 2007    |       13 comments

Personal Finance Forums – A Collection of Ones I Have Found

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Last week, I wrote about Debt Forums. After receiving a comment (thank you!) listing a general finance forum, I thought it would be a good idea to do another list for Personal Finance Forums.

Note: I am listing the forums and by listing a forum here I am not endorsing it. This is meant to be a reference piece that you can use to find a forum that you enjoy. And if you don’t join them, you can always read through them for more information 😉

Saving Advice Forums – This forum has over 13,000 members and is hopping with activity. The sections include Financial Chit Chat and Budgeting Resources.

Cleveland.com Finance Forum – This finance forum is not very active. So far in November, there have only been five posts.

Fat Wallet Financial Forum – Fat Wallet has been a great place to search for deals and their Financial Forum is hopping with activity. This is a great place to learn about new banking bonuses.

Finance Forums – This personal finance forum has over 14,000 members (over 5,000 active) and has quite a bit of activity. Their sections include Insurance, Credit Cards and General Personal Finance.

Get Rich Slowly Forums – JD, the blogger behind Get Rich Slowly, opened up his own forum not too long ago. With almost 900 members, this board is fairly active. There’s a section for Personal Finance and then a section for Fiscal Fitness Journals (where you “use this space to post your goals, accomplishments, and setbacks on your path to get rich slowly”).

Kiplinger Forums – the popular financial magazine, Kiplinger, has their own personal finance forum. With over 19,000 members, it has some activity but not as much as you would expect with so many members. There’s even a section to discuss Kiplinger articles.

Military.com Finance Forum – As the name suggests, this forum is geared towards financial issues for those that serve in the military.

Money Saving Expert Forums – This UK based site has many members (over 250,000) and many sections. It looks like they have a little bit of everything.

The Finance Forums – This personal finance forum has over 1,800 members but isn’t very active. The sections consist of a Finance Section and a General Section.

Topix Personal Finance Forum – This forum is a little different because it mostly discusses news topics and doesn’t appear to be a place to go to ask questions. However, it could be worth reading to learn a few things.

I’m sure there are more out there, so if there is one that you know of please contact me (you can try leaving a comment, but it might get filtered out by my spam filter). I will add them to this list.

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