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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Create an Emergency Fund Let’s talk personal finances— $8,883 —that’s how much American households have in terms of emergency funds on average. The ideal scenario is that your emergency fund should look to cover at least six months of all your monthly household expenses should you suddenly lose your income.

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Our 2018 Financial Goals

Family Balance Sheet

I won’t rehash our health insurance story here, because I have written extensively about it and INCLUDED OUR NUMBERS. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Read our Health Insurance Story: .

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Which Insurance Policies Should You Absolutely Have?

Prairie Eco-Thrifter

Renters insurance makes sense for those who wouldn’t be able to replace the items in their apartment or rental home on their own, just paying cash. In some cases, you are required to carry insurance. Many mortgage lenders also require home insurance. Other insurance isn’t so straightforward. Covering Yourself.

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How We Paid off Six Figures of Debt

Family Balance Sheet

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. Health Sharing Ministry. Why We Chose Medi-Share, an affordable solution to traditional health insurance. We drive older cars.

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