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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. Pre-coronavirus, I considered having 3 months of expenses saved in cash to be sufficient. My second prayer is that my family gets through this crisis financially. Post-coronavirus, not so much!

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What Do You Tolerate to Save Money?

Prairie Eco-Thrifter

We all put up with things that irritate us, sometimes due to general inertia, other times to save the cost of fixing. How much do you tolerate to save money? I love that ice maker and making ice every day is a royal pain. It does however, reportedly save on the electric bill. It depends. Money Tips'

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Financial Success: It’s Not Always About Your Income

Prairie Eco-Thrifter

It’s not about a higher income; it’s about what you do with your money. We knew we wanted to save for retirement, and that we wanted to keep giving to charity. This means that after we take care of retirement and emergency fund contributions, and after everything else is taken care of, we have enough to do what we like.

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Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

One way to do this in a two income family is to live off of one income and bank the other. Put the savings you made at the grocery with coupons into the savings account. My spouse was exceptionally persistent in putting every $20 birthday check into our savings account, year after year after year. Keep saving.

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Take Control of Your Money in 2015

Family Balance Sheet

I’ll continue to offer additional money saving tips, ideas, strategies and recipes like I always have, but I have some new themes that I will be starting next week. In 2013, The Christmas Savings Club encouraged all of us to save monthly so that we could have a cash Christmas. How We Saved. My Themes for 2015: 1.

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Our Big Financial Goal for 2016

Family Balance Sheet

We have more important things to do with our money besides sending a large portion of it to the creditors every month. We have a retirement to plan , our daughters’ college to save for, and many places to visit. We will continue to save for travel and it is already part of our budget. Do you want to eliminate debt too?

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Our 2018 Financial Goals

Family Balance Sheet

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Save for a camper upgrade. If not, we’ll start saving in 2019.