Remove Debt Remove Finance Remove Job Loss Remove Life Insurance
article thumbnail

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

Penny Pinchin' Mom

The post Managing Family Finances: Tips and Strategies for a Better Financial Future appeared first on Penny Pinchin' Mom. Family finances can be tricky! You want people to live a quality life, and you want them to enjoy that life, and that requires some spending money. I would know. But how can you balance the two?

article thumbnail

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. If you are buying a home, start with the 30% rule, and then evaluate where that puts you in terms of finances.

article thumbnail

Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

The same can be said about finances – it is often the little things you do, the small actions you take, that have the biggest impact on your financial security, both in the present and in the future. A budget provides you with a financial roadmap to get to where you want to be in life. Make establishing an emergency fund a priority.

Money 235