I know I have talked and written a lot about how important it is to get out of debt, and stay out. But you know what’s just as important? Having an emergency fund. Everyone needs an emergency fund. If you don't already have one, starting one should come before any significant debt reduction. That’s right, BEFORE, debt reduction.
Every week there are more new money management corruption stories unfolding. Every so often I share one to remind you just how utterly corrupt and self-serving our existing system of personal money management has become. The only way to win is to know the games constantly being played against you and then manage your money yourself. It's your money, and as I have shown you and will continue to show you, nobody can manage your money as well as you.
From time to time an email scam or other hoax comes across my desk that I think is worth sharing. I recently got an email that offers a very good example of how to spot and handle these things so I thought I'd pass it along. The email (reproduced below) appeared to be from Netflix. I love Netflix and this email said that my account had been cancelled. On the surface the email looked just like the emails that Netflix sends but the classic warning flags were there.