One Money Design

What the Bible Says About Money: Savings

The recent downturn in the economy woke up America when people found they were in great need of savings, but it wasn’t available.  It also reminded some that while performing our responsibilities to plan for the future are important; the outcome is always in greater hands.
Without an adequate “rainy day fund” or emergency savings, sudden [...]

Ally Bank High Yield Savings Review

Ally Bank looks to be another good high yield savings opportunity to consider for your savings needs.  As a quick reminder, I try to post about such opportunities to help readers find a good place to keep their emergency savings or other short-term savings that will help them maximize return on their money!
Why you need another [...]

How to Evaluate Your Next Bank

A recent article in Money magazine, “If They Built The Perfect Bank”, discusses 5 characteristics of what you might love about the perfect bank. 
The article mentions banks need our business more than ever right now, but they are continuing to push people away because of high fees and poor service. 
As with most products, I think it just [...]

The Wise Man Saves for the Future

Saving is an important component of personal finance and reaching financial freedom.  Saving must exist within the family budget in order for a family to prepare for the future.  Certainly, most families have savers and spenders, but the right balance must be found between the two.  Too much emphasis on saving can cause money to [...]

ING Direct Orange Savings Account Review

I’ve recently become more interested in online savings banks versus the traditional brick and mortar banks.  I’ve found they are great options to consider parking your emergency savings fund, or savings for future expenses. 
Why are online banks great options to consider? 
Online banks typically limit their business to online, phone and email.  Since they don’t have [...]

Start Saving Money For Future Expenses

Just recently I realized there are a lot of expensive items around the house that could need replacement in the next 12 months.   That’s never a good thing to realize when you don’t exactly have the cash on-hand today to purchase them.
Replacement item examples
For example, I’ve noticed the TV transitioning from color to black and white every [...]

The Baby Step and Money Map Dance

Are you into Baby Step’n or Money Map’n?
Dave Ramsey created the Baby Steps and Crown Financial Ministries created the Money Map for prioritizing and setting financial goals.  Both are widely used resources to help people shift from diluted efforts in achieving objectives to narrowing the focus on the most important goals based on one’s situation.

Is [...]

Emergency Fund Before Debt Reduction

I’ve posted a lot about debt this week (The Debt Cycle, Credit Card Reform – Creditors Fight Back & 3 Debt Quotes) and so I decided to keep the ball rolling today with mentioning a post from a fellow blogger, Matt Jabs at Debt Free Adventure.  His blog is a journal of one man’s chronicles to [...]

How to Manage Financial Storms

When was the last time you were caught in a financial storm?  Sometimes when we’re in the storm it may seem like there is no way out or few options in front of us.  And sometimes we just want to run for cover and avoid the storm all together.
We all have financial storms.  The severity [...]

Emergency Savings to the Rescue

Do you have an emergency savings account? 
Top financial experts recommend saving $1000 in a savings or money market account to weather financial storms before you do anything else.  If you encounter a financial storm, the $1000 may just help you avoid using a credit card to repair your car, fix or replace the washing machine [...]