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Why Life Insurance Should Be Part of Every Entrepreneur’s Business Plan – Life Happens

Savings Corner

However, there is one crucial element that often goes overlooked in many entrepreneurs’ business plans: life insurance. Still, when it comes to safeguarding your family, your legacy and the very future of your business, life insurance becomes an indispensable tool. Life insurance is a key part of creating that future.

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

The rule of thumb that states that it makes sense to spend 30% of your income each month on a housing payment doesn’t take into account the fact that you might have other debts, and that taking on more might over-leverage you. Markets and economic conditions change as well. The market might not return what you expect each year.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Increasing your credit card limit is really increasing your debt, or at least your exposure to debt, so say ’No!’ Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Make establishing an emergency fund a priority.

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How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

I like the snowball effect method of debt reduction because it worked for me. You’ll need to make some spending cuts to make this happen but it will be worth it to eliminate this expensive debt. In today’s tight economic climate, many people wonder what is the best method of improving their financial position.

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Totally Money Blog Carnival #18 – 6 Ways to Save Money Edition

Prairie Eco-Thrifter

I did this yeas ago when I was in debt and it made paying off the debt a reality. Also, make sure you aren’t paying unnecessary fees for things like credit card insurance. Tax Debt Help presents Savers Tax Credit: Get Rewarded for Retirement. She was still struggling with college credit card debt.

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Carnival of Financial Planning – Money Management Edition #236 – May 11, 2012

Prairie Eco-Thrifter

The Skilled Investor , Editor Budgeting and Economics Little House presents The Five Tool Budgeter posted at Little House in the Valley , saying, “In baseball, a five-tool player is one who excels in some of the game’s major skills: fielding, base running, hitting for power, hitting for contact, and throwing ability. .

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