article thumbnail

How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. Fortunately, we won’t be driving much.

Budgeting 246
article thumbnail

Is Now The Time to Buy a Home?

Prairie Eco-Thrifter

If you don’t have an emergency fund in order to make at least the approximate payment of your anticipated mortgage and expenses, you are not ready to make the leap into home ownership. Just think – when the pipe breaks, you just call your landlord and you don’t have to deal with (or pay for it) yourself.

Home 186
Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Are You Heading for Financial Disaster?

Prairie Eco-Thrifter

Difficulty meeting basic family needs Counting on tax returns or pay increases to ease your financial situation Lying about spending or anything else to do with finances. Also include an emergency fund and contributions to a retirement account, even if just small amounts at first. Deal with it. This was hard for me.

article thumbnail

How to Start a Budget (and be successful at it!)

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. A zero-based budget is planning for every single dollar of after-tax income. If your paychecks are inconsistent, you will need to cautiously estimate your after-tax income.

Budgeting 133
article thumbnail

Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

They aren’t concerned about the latest deal, craze or freebie. ” Harry Sit from The Finance Buff asks Tax Efficiency: Relative or Absolute? , and says, “Because you have to pay taxes on interest, dividends, and realized gains, an investment that loses less of its returns to taxes is said to be more tax efficient.

article thumbnail

Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

Money Talks Coaching: Finding Your Emergency Fund – I hear you saying “I know emergency funds are important, but how am I supposed to save money when I can’t even pay my bills?” Today I’m going to talk about getting those emergency funds going. 101 Centavos: Does Herbalife Have a Deal for You!

November 188
article thumbnail

Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Tax Rebate Blog: How Much Can you Earn Before Paying Tax in 2011 Tax allowances and brackets change each year. This post shows highlights how much you can earn before you need to pay tax. Personal Finance Whiz : What Is An Emergency Fund? Why Do You Need One and How Does it Work?

October 200