please donate

Curtis Home Catalog Services Readers Corner Research Kids Teens

Do You Need $1,000?

Money-Bag-iconDavid Ramsey, financial author, radio host, television personality, and motivational speaker, advocates having a $1,000 “baby emergency fund.”

This sounds reasonable to me but the question is how do you corral that much cash into one place if you’re (barely) living from paycheck to paycheck?

Here are two suggestions for you:

1) Cut your expenses to the bone as what Old Ben Franklin said about a penny saved being a penny earned is absolutely true (in theory if not so much in the current value of $.01).

Bone-iconWe outlined how you can save money with the library’s help in a previous Curtis Money post and we will post additional tips and resources for cutting expenses in the days and weeks ahead.

2) Turn your unwanted (or better yet unnecessary possessions) into cash by selling them.

You could very well be sitting on your emergency cash fund even as we speak!

Off the top of my head, I can think of three (3) sales outlets for you:

a) Place an ad in the local shopper.

Here in Brunswick that would be along the lines of Uncle Henry’s Weekly Swap it or Sell it Guide.

b) Hold a neighborhood sale (don’t worry about such a thing being gauche).

c) Turn your clutter into cash by selling it on eBay.

The good news is, if you’re “eBay Shy,” the Curtis Memorial Library has books in its collection which carefully explain how to put your stuff up for Internet auction (or for sale).

And the still better news is, if you don’t have a computer and/or internet at home, you can use the Curtis Library’s public computers (or wi-fi if you have a notebook) to create your eBay auction listings (and how to get paid if/when your item sells).

There is no dignity quite so impressive, and no independence quote so important, as living within your means.
— Calvin Coolidge