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Well Kept Wallet | Deacon Hayes in the Press

Emergency Fund

Everbank Review: An Online Money Market That Actually Pays

By on Mar 18, 2014 in Banking, Emergency Fund, Reviews | 0 comments

Since I am tired of getting only .1% on my emergency fund, I decided to open an online money market account with Everbank. Currently they are paying out 1.10% for the first six months and then .86% for the first year. This is light years beyond what I have been getting in a traditional high yield account, so I decided to give it a shot. Here is my review of...

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The Purpose of an Emergency Fund

By on Jul 25, 2012 in Emergency Fund | 4 comments

Emergencies happen and you need to be prepared. If you were to have the transmission go out on your car, how would you pay for it? Would you put it on a credit card? If the emergency cost you $2,000, how long would it take you to pay off that card? According to CreditCards.com, the average Credit Card rate in the United States is 14.97%. That can make having an...

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3 Things to do with your Tax Refund

By on Apr 4, 2012 in Debt, Emergency Fund, Taxes | 1 comment

April 15th is coming up, and if you live in the United States, you know that means tax returns are on the horizon. Here are 3 things that I recommend you do with your tax return: 1. Pay Down Debt with Your Tax Refund If you have accumulated debt, now would be a good time to start paying it down. I actually have a debt reduction form that you can use by clicking...

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Emergency Savings Fund

By on Feb 5, 2010 in Emergency Fund | 0 comments

Have you ever had your car break down? Have you ever had a water heater burst? What about an Air Conditioner that just stopped working in the middle of summer? If you said ‘Yes’ to any of these, you are not alone. I think you would be hard pressed to find somebody that has not had some sort of emergency situation happen to them in the past 5 years. This...

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