Tag: rainy day fund
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Up your sleeve
Phrase: Up your sleeve Have you ever heard someone say they have something up their sleeve? It’s a common phrase to indicate that someone has a hidden plan or strategy that they keep secret until the right moment. It’s a symbolic reference to a magician who hides tricks up their sleeves to trick their audience.…
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Like a drunken sailor
Idiom: (Spend money) like a drunken sailor Money! You can never have enough! Most of us try to save as much as possible, while others spend money like a drunken sailor. From the moment we learn the significance of money and want to stand on our own two feet, we enter into a ceaseless quest…
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Splash money around
WotD: Splash money around We can think of money as similar to water. When it is scarce, we value every drop. However, when we have plenty, we feel it is OK to splash it around. When you splash money around, you spend a lot of money buying things that you don’t need and could do…
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Educated guess
WotD: Educated guess Two things in life are vital to being successful: knowledge and experience. If a person possesses both of these things in the correct amounts, they should be able to make educated guesses about the future and prepare accordingly. An educated guess is much different than a pure guess. An educated guess is…
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Build a better mousetrap
Idiom: Build a better mousetrap It sucks, I know, but most of us do not come from money, nor does money grow on trees for us. If, then, we would like to have a more comfortable life, with perhaps fewer money worries and possibly, dare I say it, a rainy day fund in the bank,…
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Hand-to-mouth
WotD: Hand-to-mouth A common theme of my posts seems to be money. Today is no different because a hand-to-mouth existence is a tough way to live. Some of us are lucky enough to have managed to put away a little rainy day fund for unexpected emergencies. Refrigerators don’t break down very often, but when they do, we cannot delay…
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Burn a hole in your pocket
Idiom: Burn a hole in your pocket Remember your childhood when a few small coins burned a hole in your pocket until you went to the local corner store and spent them on some sweets? Those are warm and fuzzy memories, aren’t they? Come to think of it, sometimes the candies were fuzzy too. If I remember…
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Rainy day fund
Word of the Day: Rainy day fund Any financial expert will tell you that it is a good idea to have a rainy day fund to deal with unforeseen circumstances. A rainy day fund is a reserved amount of savings a person can access when things are not going well, or unforeseen circumstances arise. For…
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Squirrel (something) away
Word of the Day: Squirrel away Winter is coming. This is the main reason why squirrels squirrel away nuts or hide them during the warm months. When you squirrel away something, you put it in a safe place so you can use it later. It’s like squirrels hiding nuts for winter. Once the cold weather…
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It’s better to be safe than sorry
English Proverb: It’s better to be safe than sorry It’s better to be safe than sorry is the advice that wise people who have made mistakes in their life will give to you. You should always save some money for a rainy day, buy travel insurance and lock your car doors even when you are…
