Penny Pinchin' Mom

DECEMBER 17, 2023

The post Managing Family Finances: Tips and Strategies for a Better Financial Future appeared first on Penny Pinchin' Mom. Family finances can be tricky! I have a bunch of lovable relatives (my nuclear family) who believe we are somehow made of money. You need the entire family pulling in the same direction.

Finance Tips 52

Finance Tips Finance Emergency Fund Life Insurance 52

Family Balance Sheet

MAY 6, 2020

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. Everything changed.

Debt 130

Debt Emergency Fund 2007 2020 130

Family Balance Sheet

JUNE 8, 2018

During that time, I started to budget for everything. Every aspect of our lives was included in our budget. When people hear the word budget, they think “restriction” and “no fun”, but honestly that couldn’t be further from the truth. Another way to think of a budget is a spending plan.

Budgeting 133

Budgeting Budget Financial Goals Goals 133

Prairie Eco-Thrifter

JULY 10, 2014

One of the hardest things to stick to is a budget. I don’t like budgets myself, and actually refer to what I do with my money as a “ spending plan.” ” But budget or spending plan, the reality is that it can be hard to stick to your money commitments when something else comes along. must be paid.

Budgeting 218

Budgeting Budget Work Making 218

Family Balance Sheet

APRIL 9, 2021

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Cash flow a FAMILY TRIP TO HAWAII.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

APRIL 30, 2014

The Goal of the Grocery Budget Challenge is to be creative with our meal planning and grocery shopping so that we do not over-spend. We don’t want to make our families miserable with bland meals, boring snacks, and not enough food in the house, but we must stay on budget. Action Step 1 : Plan your grocery budget for May.

Budgeting 100

Budgeting Budget Groceries Grocery 100

Family Balance Sheet

NOVEMBER 5, 2014

Tell us about you and your family. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. Look over your current budget. We had financial advisors look over our budget and make suggestions about what we could cut. Actually making a budget!

Debt Free 241

Debt Free Debt Emergency Fund Finance 241

Family Balance Sheet

OCTOBER 22, 2014

By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. This series was written based on my family’s experiences.

Finance 127

Finance Emergency Fund Organic Organization 127

Prairie Eco-Thrifter

SEPTEMBER 4, 2011

Do you keep your family in a survival mode? Arranging a family financial analysis is very important to long term financial success. Here are are five reasons why budgeting for your family is important: A thorough financial analysis helps you…. rise up during emergencies or unexpected occurrences. Create a Budget.

Family 196

Family Financial Goals Debt Goals 196

Family Balance Sheet

OCTOBER 18, 2014

By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Day 1: Create Your Own Family Balance Sheet. Thanks for understanding!

Finance 124

Finance Organic Organization Emergency Fund 124

Family Balance Sheet

JANUARY 17, 2018

We bought a used pop-up several years ago and it was one of the best decisions for our family We absolutely adore camping, and we’d like to upgrade to a travel trailer. You can only cut so much from a budget, so to increase our cash flow, we’ll need to earn extra income by growing our small business and growing my blog.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

Prairie Eco-Thrifter

JULY 4, 2011

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. This week I am reminding you all about those special people in your life- your family. It was during this rather taxing weekend that I was reminded of how great a loving family can be. Families are our rock, our support system, and our fans.

Personal Finance 240

Personal Finance Finance Family Debt 240

Prairie Eco-Thrifter

JANUARY 10, 2013

Working to build your emergency fund? Read up on emergency fund basics at Money Smart Guides. If you’re currently balancing your debt payoff and savings efforts, Canadian Budget Binder highlights the reason why it’s important to get out of debt first before saving. Finalizing your 2013 goals?

Emergency Fund 193

Emergency Fund Debt Student Fridays 193

Family Balance Sheet

OCTOBER 31, 2014

It was my goal to help you have a detailed financial plan for your family by the end of the month. During the series, we talked about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Day 1: Create Your Own Family Balance Sheet.

Finance 100

Finance Organic Organization Emergency Fund 100

Prairie Eco-Thrifter

NOVEMBER 8, 2012

I’m not much into budgeting. It’s true that what I do with money technically amounts to a budgeting technique, but the idea of a traditional budget has never appealed to me. It’s a lot like a budget, and many people have told me they think that it’s a budget. Let’s consult the budget.

Emergency Fund 202

Emergency Fund Budgeting Budget Psychology 202

Family Balance Sheet

OCTOBER 15, 2014

By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Every month, we set aside money in our budget to cover our basic car maintenance.

Finance 100

Finance Organic Organization Emergency Fund 100

Family Balance Sheet

MAY 21, 2021

Your first assignment: Take the first step and calculate your debts by using my FREE Family Balance Sheet. Being self-employed, we felt we needed more than Dave’s recommended $1000 starter emergency fund that he outlines in his book, so our first step was to save a bit more for our home and office. We ate an elephant!

Debt 130

Debt Goals Debt Free Pay Off Debt 130

Family Balance Sheet

AUGUST 11, 2016

Use my Family Balance Sheet excel spreadsheet to help you organize your finances. I’m on this journey to financial wellness with you and every weekend, I pack the newsletter with budgeting inspiration, money-saving tips & ideas, and frugal, yet tasty recipes. Start Saving for your Emergency Fund TODAY!

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Family Balance Sheet

OCTOBER 20, 2014

By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Personal Escrow Fund. Gift Giving Fund. building your Emergency Fund.

Finance 100

Finance Organic Organization Budgeting 100

The Frugal Girl

JANUARY 29, 2024

I was born frugal, into a super frugal family. Multi-pronged answer here: historically it was hard-wired in my DNA as a necessity but also being a good steward of what we’re blessed with & being able to give/help others; having enough for emergency funds was always a high priority as well. This means funds are tight.

Arkansas 180

Arkansas Frugal College Kids and Family 180

Prairie Eco-Thrifter

MAY 27, 2012

See if you can identify with any of these statements: I spend more than I earn I don’t have a household budget I use credit cards all the time to buy everyday essentials like food, gas, transport. Create a Budget If you don’t have an up-to-date budget, create one. If your budget doesn’t have a savings amount, put one in.

Emergency Fund 212

Emergency Fund Credit Cards Budgeting Budget 212

Prairie Eco-Thrifter

AUGUST 19, 2012

Pertinent knowledge and prior planning will help you limit the long-lasting effect financial difficulties can have on you and your family. Start an Emergency Fund One of the biggest things you can do to help avoid disasters is to create an emergency fund. I know that sounds harsh, but it is the reality.

Emergency Fund 222

Emergency Fund Insurance Debt Credit Cards 222

Penny Pinchin' Mom

JANUARY 16, 2024

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Family Balance Sheet

AUGUST 11, 2014

Tell us about you and your family. I have enjoyed belly dancing and pilates the last several years, but time and budget reduced from my schedule. Use this to develop a budget & determine where you will cut back. (If If you do a budget without awareness of your blind spots, you don’t know where you need to cut.).

Debt Free 235

Debt Free Debt Mom Goals 235

Family Balance Sheet

JUNE 11, 2014

Back in March I wrote about my family’s Debt Freedom Plan. We tightened our budget, got laser focused on turning around our business, and shoveled any extra cash into our savings. Our current savings is not at a true emergency fund level of 3-6 months, but further down our plan, we will save up to that level.

Debt 100

Debt Emergency Fund Financial Goals Motivation 100

Family Balance Sheet

FEBRUARY 2, 2017

Each month when they do their budget, they update their chart. If your big dream requires money, start saving, begin to budget, and direct your money in a way that you will be ready for opportunity when it comes up. Related Reading: Check out Deacon’s free Starter Budget Form. Then create a plan to get there.

Financial Goals 100

Financial Goals Goals Debt Budgeting 100

Family Balance Sheet

JANUARY 20, 2017

She is the co-founder of the website, Little Light on a Hill , where she writes about faith, family, and finances. Tell us about you and your family. to be able to go on a family missions trip. strict budget. emergency fund, so we started throwing what little extra we had straight. 1 – Set a budget.

Debt 100

Debt Debt Free Friends And Family Sale Budgeting 100

Penny Pinchin' Mom

MARCH 11, 2024

Whether you are looking to save extra money for your emergency fund and potential unexpected expense, a new kitchen, or your kids’ college tuition—you name it—you will require self-discipline and a plan to reach any financial goal. You can even use a budgeting app if you need a little more support reaching your financial goal.

Saving Money 52

Saving Money Money Saving Credit Cards 52

Family Balance Sheet

JUNE 22, 2020

As part of his baby steps, he does not advocate contributing to retirement until after you’ve paid off non-mortgage debts and saved 3-6 months of expenses in an emergency fund. Home and auto expenses are two big budget categories and by keeping these expenses low, we were able to put more aside to our debts. Groceries.

Debt 130

Debt Health Insurance Insurance Budgeting 130

Prairie Eco-Thrifter

JANUARY 16, 2014

Traditional investment advice says that you shouldn’t invest in the market until you are financially stable, have an emergency fund and have taken care of other basics, such as insurance of all kinds, debt removal and etc. If you don’t have any stock market investments, how can you get in on the action?

Emergency Fund 184

Emergency Fund Debt Money Father 184

Family Balance Sheet

JANUARY 26, 2016

You can only cut so much from a budget, so to fill in our shortfall, we’ll need to also earn extra income by growing our small business and growing my blog income. We will continue to save for travel and it is already part of our budget. We have some home projects that we need to do and we have already set aside the funds.

Financial Goals 100

Financial Goals Goals 2016 Debt 100

Prairie Eco-Thrifter

MARCH 14, 2013

Now is the time to watch every penny that you spend, so that you can purchase more in the same budget or even better, put that money in emergency funds. How can you accomplish this, especially when the prices are rising? Well, I can tell you a number of ways to save money on household expenses. Saving on Grocery Bills.

Saving Money 222

Saving Money Money Bills Insurance 222

Family Balance Sheet

JANUARY 1, 2015

In 2014, the Grocery Budget Challenge encouraged us to keep our grocery spending in line and to be creative with our meal planning so that we do not over-spend. Weekly Meals on a Budget. Maintaining a grocery budget is a weekly process for me. When I blow off meal planning, I blow up our grocery budget. Happy New Year!

2015 100

2015 Money Debt Home and Garden 100

Prairie Eco-Thrifter

MAY 25, 2014

Me from 15 years ago would get an earful about what not to do, and advice on budgeting and saving and staying out of debt. By then, I was married, raising a toddler, our family was paying down debt and I was practicing much better financial discipline. Or put yet another trip to Las Vegas on the credit card.

Money 209

Money Giving Las Vegas Credit Card Rewards 209

Family Balance Sheet

FEBRUARY 3, 2016

She helps readers gain control of their finances and live well on a budget at her blog Cook with a Shoe . Tell us about you and your family. I would say that this plan helped me more in the area of using a zero-based budget and sticking with a budget. We aim for a monthly budget meeting at least. Find your Why.

Debt 100

Debt Debt Free College Finds 100

Family Balance Sheet

JANUARY 3, 2012

On Christmas day, my husband and I spent 4 hours together traveling in a car to visit his family. We talked through some issues and opportunities for our business and our personal, family, and financial goals. Increase Family Emergency Fund to Six Months Salary. This might take us 2 years to achieve.

Financial Goals 127

Financial Goals Goals 2012 Emergency Fund 127

Family Balance Sheet

FEBRUARY 4, 2015

Tell us about you and your family. I wasn’t comfortable keeping only $1,000 in an emergency fund with two little ones and just one income, so we didn’t follow that part of his plan. Dave’s zero-based budget and Debt snowball concept were critical to getting us on the path to paying off our debt fast.

Debt Free 100

Debt Free Debt Financial Goals Budgeting 100