Tax & Business Tips Blog

What is an emergency fund? Why should you have one?

What is an emergency fund? Why should you have one?

There are many personal finance gurus out there, and they offer wildly different advice in some areas. But there is one thing that almost all financial professionals recommend – an emergency fund.

What is an Emergency Fund? | Cowdery Tax & Business Solutions

What is an emergency fund?

Before we discuss what an emergency fund is, we need to define a financial emergency.

An emergency is an expense you could not anticipate. Holiday gift-giving is not an emergency, but a leaky roof after a storm is. Read more about What is an emergency fund? Why should you have one?

How to Set Your Personal Financial Priorities

How to Set Your Personal Financial Priorities

Now that personal income tax season is behind us, it’s a good time to take stock of your personal finances. Whether you received a refund or owed money at tax season, you may have some opportunities for change as the year progresses.

How to Set Personal Financial Priorities | Cowdery Tax & Business Solutions

Tips to Setting Your Personal Financial Priorities

1. Determine Your Basic Financial Needs

The first key to setting financial priorities is to evaluate what you truly need. For most of us, this group includes food, clothing, shelter and transportation. Generally speaking, when you’re deciding how to budget or save, these items will need to come first. Read more about How to Set Your Personal Financial Priorities