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.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Penny Pinchin' Mom

DECEMBER 17, 2023

Despite having a strict family budget , some members of my beautiful family still try to find sneaky ways to spend more than is allocated to them at any given time. Of course, budgeting isn’t all about sucking the fun out of everyone’s existence and putting family life on hold. That’s nowhere near enough!

Finance Tips 52

Finance Tips Finance Emergency Fund Life Insurance 52

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. I send in $50 every month to each of their accounts.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Penny Pinchin' Mom

MARCH 11, 2024

The post How to Save Money Fast – My Top 20 Tips appeared first on Penny Pinchin' Mom. “The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates a sense of order, trains forethought, and so broadens the mind.” ” – T.T. Munger As T.T.

Saving Money 52

Saving Money Money Saving Credit Cards 52

Family Balance Sheet

APRIL 9, 2021

Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. Increase business emergency savings. Prioritize.

Debt 130

Debt Emergency Fund 2019 Debt Free 130

Family Balance Sheet

NOVEMBER 5, 2014

He took all of our financial information and put together a plan for us to get out of debt as fast as possible. 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. Meet with a financial advisor.

Debt Free 241

Debt Free Debt Emergency Fund Finance 241

Prairie Eco-Thrifter

MAY 30, 2012

Not Having a Budget I know, you’ve heard it all before but have you taken action on this one yet? A budget provides you with a financial roadmap to get to where you want to be in life. A budget helps you track your finances so you know exactly where you are and whether you’re on track. It’s wasted money.

Money 235

Money Emergency Fund Debt Financial Goals 235

Family Balance Sheet

JANUARY 17, 2018

Did you make 2018 financial goals ? My husband and I discussed some ideas over our holiday break and we decided on 2 solid must-achieve financial goals for the year. If we complete them early, we’ll move on to 2 additional goals that are on our radar. Save for a camper upgrade.

Financial Goals 113

Financial Goals Goals 2018 Debt 113

Prairie Eco-Thrifter

JULY 28, 2014

Updating spreadsheets, learning new savings and investment strategies, and watching my net worth grow over time became increasingly exciting. It can be something financially prudent like starting a retirement account or something totally frivolous like saving for a vacation. Another word for that roadmap is a budget.

Hobby 189

Hobby Money Making Goals 189

Prairie Eco-Thrifter

SEPTEMBER 4, 2011

Everyone has the opportunity and capacity to save. It could be due to the lack of discipline in handling money or savings just getting depleted easily. If you really want to, one can come up with dozens of reasons why it is so hard to save. Arranging a family financial analysis is very important to long term financial success.

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Family Financial Goals Debt Goals 196

Family Balance Sheet

JUNE 11, 2014

Today I am proud to say that we have completed our second step : Increase business emergency savings to a specific number. Over our 14 years in business, we have had to rely on our savings a few times to help cover expenses during tough months. By summer 2013, our savings was at an uncomfortable level.

Debt 100

Debt Emergency Fund Financial Goals Motivation 100

Prairie Eco-Thrifter

MARCH 23, 2015

Set your financial goals together and you both will be more likely to stick to them. Weigh each decision against your financial goals. Should you spend the money on that new flat screen and sound bar, or save it for the emergency fund? Choosing wealth isn’t a one time activity.

Financial Goals 100

Financial Goals Emergency Fund Money Goals 100

Family Balance Sheet

FEBRUARY 4, 2015

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

Family Balance Sheet

SEPTEMBER 9, 2014

I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt? Building an emergency fund also helps enormously.

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236

Family Balance Sheet

JANUARY 1, 2015

My husband and I make some financial goals at the start of every year. I’ll continue to offer additional money saving tips, ideas, strategies and recipes like I always have, but I have some new themes that I will be starting next week. Weekly Meals on a Budget. How We Saved. And 2015 is no different.

2015 100

2015 Money Debt Home and Garden 100

Family Balance Sheet

JANUARY 20, 2017

strict budget. emergency fund, so we started throwing what little extra we had straight. We committed to using a cash budget, and we talked daily at. and using all of our extra funds, like bonuses from work and tax returns, we were able to pay everything off in 4 years! 1 – Set a budget. towards debt.

Debt 100

Debt Debt Free Friends And Family Sale Budgeting 100

Prairie Eco-Thrifter

JULY 4, 2011

They are also there working with you to help you reach your goals; even those financial goals. Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. ElizabethG from Modern Gal shares how she is Coping with Bad Financial News. A plan B is a must in any home.

Personal Finance 240

Personal Finance Finance Family Debt 240

Family Balance Sheet

JANUARY 21, 2015

Finally, we took the dive by making a budget and starting our debt snowball. Yes, we followed the recommendations outlined in Dave Ramsey’s resources, Total Money Make Over/ Financial Peace University. The budget is key. How often do you and your spouse discuss your finances/budget/spending? The rest is history!

Debt 100

Debt Debt Free Las Vegas Finance 100

Family Balance Sheet

SEPTEMBER 29, 2016

You can find Angela at her You Tube channel, Our Life…on a Budget , where she vlogs about getting out of debt and staying there! The first thing we did was to review our spending and create a budget. Once we did our budget, we found that we could put all of that money that once disappeared towards our debt.

Debt 100

Debt Debt Free Budgeting Budget 100

Prairie Eco-Thrifter

NOVEMBER 12, 2011

Saving Money Today: A Tree Smashed Through My Roof and I’m Lucky – I can’t believe how lucky I feel that a tree fell through my roof and did $9,000 in damage. Today I’m going to talk about getting those emergency funds going. It can save you time and headache, and maybe even a few bucks too. Some freedom.

November 188

November 2011 Personal Finance Finance 188

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.

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Budgeting Budget Financial Goals Goals 133

Family Balance Sheet

JUNE 22, 2020

In September 2019, my husband and I accomplished our biggest financial goal in our almost 20 years of marriage. 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. Groceries.

Debt 130

Debt Health Insurance Insurance Budgeting 130

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 . I would say that this plan helped me more in the area of using a zero-based budget and sticking with a budget. We followed a budget and switched to using cash, which helped us stay on track with the budget.

Debt 100

Debt Debt Free College Finds 100

Family Balance Sheet

FEBRUARY 10, 2017

At that time, I couldn’t cash flow the office budget, home budget, our loans, and retirement savings. We will not be anywhere close to maxing out our contributions, but we will be putting at least something towards retirement savings, allowing us to sleep a little better at night. We bought our home in 2001.

Debt 100

Debt 2017 Student 2016 100

Family Balance Sheet

MAY 27, 2015

I knew I was going to be a stay at home mom when we had kids and since we were both teachers, we simply could not afford for me to stay home, unless we got rid of something big in our budget. Our initial goal was to pay off our 15 year mortgage in 7-8 years by doubling our payment each month. Budget – Obvious, I know.

Debt 100

Debt Debt Free Pay Off Debt Finds 100

Family Balance Sheet

AUGUST 11, 2014

I have enjoyed belly dancing and pilates the last several years, but time and budget reduced from my schedule. What are your top 3 – 5 tips for saving money/pinching pennies to put towards paying off your debt. Use this to develop a budget & determine where you will cut back. (If What are your financial goals now?

Debt Free 235

Debt Free Debt Mom Goals 235