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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Automating your savings towards an emergency fund makes this process easier and less painful. There are also many resources available, from books and articles (like this one!) Save for a rainy day.

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Friday Links – Too Swamped Edition

Prairie Eco-Thrifter

Working to build your emergency fund? Read up on emergency fund basics at Money Smart Guides. If you are new to PET or haven’t gotten a chance to read all the articles in the past, here are few archives you might enjoy. Confused about how much you should save and how you should go about saving it?

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

So, in this article, we’re going to look at 10 small money mistakes that many people make, often unaware of the impact they are having on their financial security. Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times.

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How to Get into the Stock Market

Prairie Eco-Thrifter

Those of us who had stocks , bonds, and mutual funds saw our net worth rise, but many (perhaps as many as 50% of us, according to CNN Money article M illions see no benefit from soaring stock prices ) missed out. If you don’t have any stock market investments, how can you get in on the action?

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Intentional Spending – Being Ready For An Emergency

For the Mommas

As a part of my Back to Basics series , I am writing a post on how to start an emergency fund. Amy’s emergency fund saved her — when her heater went out on New Years Eve. Without an emergency fund, this could have been an major financial blow. Don't miss the newest deals.

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Best Way to Spend Tax Refund

For the Mommas

Add to Your Emergency Fund. An emergency fund can never have too much money in it. If you have an emergency fund to add to, then add to it. Paying off your debt now will lighten your load in the future and reduce money paid by you in the long term due to reduced interest on your loans.

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Do You Have A Plan for Replacing Your Appliances?

Family Balance Sheet

I don't want to drain the emergency fund, which could easily happen when the AC needs replaced. I didn't and I found this article helpful, How to Avoid Refrigerator Repairs. We certainly don't want to go into debt either. My main concern is that AC unit. Read through the owners manuals to find out how to clean the appliances.