article thumbnail

How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

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. Not a bad buffer for difficult times!

article thumbnail

Over 40 and Worried about Money? Start here!

Family Balance Sheet

” Sit down and start laying out your dreams. (If 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! 5 Strategies to get Started: 1.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Get into the Stock Market

Prairie Eco-Thrifter

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. My father-in-law lined up his grown sons and daughters to chip into a fund, from which he bought stock.

article thumbnail

Make Life Better For Yourself: Reduce Your Stress

Prairie Eco-Thrifter

Make an appointment with a financial advisor and lay all your cards on the table to get the best advice. Simplify your financial matters, create a budget and stick to it. Pay yourself first to build up an emergency fund and release the stress that comes with worrying about how you would cope if disaster struck.

Making 202