- Where personal finance and personal freedom collide

"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to be the tool by which men deal with one another, then men become the tools of men. Blood, whips and guns – or dollars. Take your choice – there is no other – and your time is running out." — Francisco d'Anconia's speech about money in Atlas Shrugged by Ayn Rand
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Welcome to Money $ Liberty, where personal finance and personal freedom collide. If you haven't visited before, please take a look at what this site is all about. Feel free to look around and make comments. Enjoy!

budget

Finding the right emergency fund amount

curtis — 17 November 2009 - 8:57am

A post over at Free Money Finance about growing your net worth, got me thinking about my emergency fund. I had sorta forgotten about it – in a good way, because I've had it running on autopilot for the last several months. I have my direct deposit split so that $200 per paycheck goes into my emergency fund account, and the rest is split among other budget categories. It's nice to see that I'm now about 30% toward my goal (I updated the meter on the right).

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When increased spending = cutting the budget

curtis — 5 May 2009 - 6:52am

A clever YouTuber (would that be a Potato 2.0?) came up with a brilliant way to demonstrate the effect of Obama's proposed "cuts" of $100 million compared to the $3.5 trillion proposed budget. (Thanks to Randy Barnett at the Volokh Conspiracy for sharing.)

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Financial meters

Emergency Fund
30.56%
$3,667
$12,000

Retirement Accounts
72.35%
$72.4k
$100,000

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