Prairie Eco-Thrifter
AUGUST 12, 2013
Personal financiers will frequently advise that you have an emergency fund of 3-6 months of expenses in your bank account at all times. Saving up this chunk of change can take a long period of time, especially if you have a high expense to income ratio, which many people do (especially if you’re paying down debt). .
Penny Pinchin' Mom
DECEMBER 17, 2023
The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.
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Prairie Eco-Thrifter
JANUARY 1, 2013
Lack of An Emergency Fund . One of the most common disastrous finance mistakes is not having any sort of financial back-up for emergencies. Experts recommend an emergency fund of at least six month’s salary as essential, especially if you are struggling to make ends meet. Making weekly payments will save interest.
Prairie Eco-Thrifter
JULY 4, 2011
Philip from Deliver Away Debt shares his story: How I Delivered Away My Debt. mbhunter from Mighty Bargain Hunter asks Are you contributing to this debt clock? and says, “The big debt clock is over $14 trillion now, but this other one is approaching $1 trillion, and may affect you more directly.&#. How about you?
Saving Cents With Sense
MAY 26, 2014
Creating a short-term budget and long-term financial plan can not only help you get out of debt once and for all, but they can also guide you to economic independence and prosperity. Most people want to get out of debt, while others want to save for their children’s college educations or a new home. Create Milestones.
Prairie Eco-Thrifter
OCTOBER 21, 2012
We take advantage of anything we can get if it is free or cheap, but do we need to? Kristen from My Dollar Plan reminds us Why You Should Tell Your Family About Your Debt. When you can’t fit all your investments into tax advantaged accounts, which investments should be given priority: stocks or bonds?”
Family Balance Sheet
JANUARY 3, 2012
Four hours of uninterrupted time is a luxury, so we took advantage of it. Increase our Monthly Debt Payment. We have set a goal date of July 2015 to pay off all of our debt. Increase Family Emergency Fund to Six Months Salary. Our 2012 Financial Goals. Finish Will. No more excuses. Just get it done!
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