IRA Music Video

Here's another amusing video about IRAs, or individual retirement accounts.  You might have seen it if you clicked on similar videos for the previous post.

Haven't Made A Budget Video

This is one of funniest educational videos I have ever seen.  It was recently blogged on Get Rich Slowly and I couldn't resist sharing it here.  It is basically a story about a guy trying to get a girl and realizing that she wants someone financially responsible.

If you aren't sure about some of the terms they use in the video (like ETF or 401k), you can try to find the posts I made about them in my history on the right hand side.  Anyway, enjoy!

Best and Worst Ways to Raise Cash

There was a similar post on investopedia.com, so I thought I'd reblog with some of my own input on this idea.  We'll take a look at several ways to raise emergency cash and the consequences of doing so.

The best method to raise cash is to keep an emergency fund, which I posted about recently, and not needing to raise cash.  Some good storage places for your emergency fund is a high yield online savings account or a money market account.

Creating an Emergency Fund

An article recently quoted an FCC survey citing that 64% of Americans would be unable to get $1000 for an emergency.  To me, it isn't that alarming, but hopefully college students understand the importance of having an emergency fund available for easy access.  It is quite risky living paycheck to paycheck without access to cash, which is probably more common as a college student.  However, we also probably have access to parents in times of emergency but it is especially important to have our own fund.  Once we graduate and live in the "real world," we will have to deal with these issues independently.