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What to Do With Money: A Mom’s Guide to Smart Money Management

Penny Pinchin' Mom

It’s yet another way of making sure that they (and you) are going to be financially okay in the future. With that in mind, here’s what to do with money to make sure the cash flow lasts and sets you up for a wealthier future. In my book, insurance is an absolute necessity. They can be anything.

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Get your FREE Family Balance Sheet Excel Spreadsheet

Family Balance Sheet

Back in October 2003, I left a corporate career as a department store buyer with a nice reliable paycheck and benefits– including health insurance –to join my husband in the land of self-employment. The spreadsheet listed our short-term and long-term account balances, our debts, and our short-term and long-term financial goals.

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Find out how Maureen Paid off $79,540 in Credit Card & Student Loan Debt

Family Balance Sheet

Today’s Debt Free Story is from Maureen. She writes at A Debt Free Stress Free Life. Besides writing on my personal finance blog, A Debt Free Stress Free Life, I’m an adjunct professor at a local college and own a residential and commercial cleaning business. How much debt did you pay off? What kind of debt was it?

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Reduce Your Spending in 3 Budget Categories | 31 Days to Organize Your Finances

Family Balance Sheet

By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. You will not only save yourself money, but also time.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Dave Ramsey suggests in his book, The Total Money Makeover (affiliate link) , that you create a starter emergency fund of $1000. He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. 2 – Decide where to put the money. 12 – Do It Yourself.

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25 Ways to Find Money for Your Emergency Fund

Family Balance Sheet

Dave Ramsey suggests in his book, The Total Money Makeover , that you create a starter emergency fund of $1000. He then advises paying off your non-mortgage debt before fully funding an emergency fund with 3 – 6 months worth of expenses. 2 – Decide where to put the money. Put the money in your emergency fund instead.