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What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

These are lessons that I try to impress upon my son because I don’t want him to make the same mistakes I made 15 years ago. I’m trying to be a little more hands-on with my son, and talk more openly about money (which is something that didn’t happen much in my parents’ home.

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The Spending Plan Mentality

Prairie Eco-Thrifter

My retirement account contribution, emergency fund contribution, car payments, utility bills, and mortgage are all set up so that they are paid automatically each month. Of course, this spending plan method only works in my family because our wants are fairly modest so we don’t exceed our income each month.

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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.

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Financial Success: It’s Not Always About Your Income

Prairie Eco-Thrifter

Our son was growing, and we knew we wanted to provide him with extracurricular activities that made sense for him — music and sports and scouting. Of course, we like to have fun, too. We knew we wanted to save for retirement, and that we wanted to keep giving to charity. We also had bills and other obligations.

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What Has Your Money Done for You Lately?

Prairie Eco-Thrifter

It’s one thing to have a couple thousand dollars in an emergency fund. Of course, not all investments have to be financial. I also find that putting my money to work for extracurricular activities for my son, and for cultural experiences like plays and concerts, are investments in my lifestyle. Invest that Money.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt. 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. Building an emergency fund also helps enormously.

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