Comments on: 6 Long-Term Savings Plans That Make Good Financial Cents https://www.goodfinancialcents.com/long-term-savings-plans/ Sat, 30 Sep 2023 09:10:58 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Centsai https://www.goodfinancialcents.com/long-term-savings-plans/#comment-156643 Tue, 20 Sep 2016 16:57:37 +0000 http://gfc-live.flywheelsites.com/?p=28879#comment-156643 This was a great article to read! Having an emergency fund is extremely important because you never know when a crisis might occur out of the blue! I also believe having a freedom fund is a good thing to have because it allows you to have a little fun and use your saved money for something that is on your bucket list!

]]> By: Jeff Rose https://www.goodfinancialcents.com/long-term-savings-plans/#comment-154389 Mon, 29 Aug 2016 00:28:16 +0000 http://gfc-live.flywheelsites.com/?p=28879#comment-154389 In reply to Credit Report Guy.

Agreed 100%! I think it’s part of the problem with why so many young people get too deep into student loan debt. If they had a basic financial education in high school, a few of them might think better of it.

]]> By: Credit Report Guy https://www.goodfinancialcents.com/long-term-savings-plans/#comment-154318 Sun, 28 Aug 2016 11:52:32 +0000 http://gfc-live.flywheelsites.com/?p=28879#comment-154318 I feel that personal money management tips should be taught in high school. There are only four states now that require high school students to take a personal finance course in order to graduate – Missouri, Virginia, Utah and Tennessee. As a nation we are in the financial mess we are today partically because of the financial iliteracy of kids coming out of high school. Thank you Jeff for the work you do in helping people.

]]> By: Natalie @ Financegirl https://www.goodfinancialcents.com/long-term-savings-plans/#comment-153836 Wed, 24 Aug 2016 11:54:31 +0000 http://gfc-live.flywheelsites.com/?p=28879#comment-153836 I typically recommend building a liquid emergency fund of at least 6 months first, then once that’s done investing in retirement. The more you can put toward retirement when you’re younger, the better! The time value of money is too great when you’re young to pass up.

]]> By: Xyz from Financial Path. https://www.goodfinancialcents.com/long-term-savings-plans/#comment-153748 Tue, 23 Aug 2016 19:46:03 +0000 http://gfc-live.flywheelsites.com/?p=28879#comment-153748 Great start. I would add to this, simply as a tip, automate everything! This applies from step 1 to 6, try to pay your debts off with automatic payments, invest automatically each pay, and take off the behavioral risk out of the equation.

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