May 2024 – Page 2 – Stitchwallet

Here’s Why Emergency Funds Are Essential – Especially for Unexpected Car Repairs

**Car Repairs Are the Worst: Why You Need Emergency Money** Think that having $1,000 in your emergency fund is enough? Think again! Normally, I don’t talk much about this, but…

stitchwallet May 10, 2024

Insurance-planning

Is an Irrevocable Trust the Solution to Creating a Financial Legacy?

Planning for the future can be overwhelming, especially when it comes to deciding whether to create a will or set up a trust. Through my experience, I've found that even…

stitchwallet May 8, 2024

Insurance-planning

Reasons to Consider a No-Exam Life Insurance Plan

Why do we put off buying life insurance? It might be because it seems complicated, we’ve heard bad stories about it, or we don't know what kind to get or…

stitchwallet May 8, 2024

Savings-budgeting

Smart Ways to Utilize Surplus Funds in Your Budget: Top 3 Options

### Understanding the Impact of Extra Principal Payments At the start of each new year, I dive into our budget to see where we can make the most of our…

stitchwallet May 4, 2024

Stocks

Challenging the Criticisms of Peer-to-Peer Lending

### Argument #1: Concerns About Collateral **Common Concern**: "What happens if the borrower defaults? These loans have no collateral!" Yes, it's true that P2P loans are unsecured and without collateral.…

stitchwallet May 3, 2024

Savings-budgeting

Mastering Month-by-Month Budgeting: A 12-Month Guide

Here's how you can make your budget more advanced than everyone else's: First, copy your one-month budget across 12 columns to cover the entire year. We’re creating a yearly budget,…

stitchwallet May 3, 2024

Mortgage-refinance

Crafting a Home You’ll Cherish: A Step-by-Step Guide

Tips and Steps to Building a House You Love Forever: So, you've finally done it! After all your hard work, you and your family are ready to build your dream…

stitchwallet May 3, 2024

Savings-budgeting

September 2012 Cash Flow Plan: A Fresh Perspective

### The Spotlight on Cash Flow: As summer ends and we gear up for back-to-school season, our household undergoes a range of financial changes. This is usually the time when…

stitchwallet May 1, 2024