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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. An emergency fund is vital regardless of the larger economic climate.

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How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

A financial advisor told me recently that the thing that really made him upset was that nearly every new client he spoke to was making the same disastrous personal finance mistakes. So let’s look at the most common personal finance mistakes and what you can do to prevent or fix them. Lack of An Emergency Fund .

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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. I have written often about the importance of an emergency fund. Finances after the Pandemic: We went through a rough time back in 2012/2013 and we wrote our Debt Freedom Plan as a result of it. Cash is King.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

It’s a good idea to gather your emergency supplies so that you are physically able to deal with an emergency when it strikes. Some of the things that you need to have on hand in the event of an emergency include: First Aid kit and other supplies (including medication). You can augment with other emergency sources as well.

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How to Make Your Budget Work for You

Prairie Eco-Thrifter

But I also have bills to pay and it’s important to buy healthy foods for my family to eat. In fact, if you identify your values, and use them to direct your finances, you are more likely to stick with a spending plan and feel better about your financial situation at the same time. These are the things most important to me.

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Saving Your Pennies For A Rainy Day

Prairie Eco-Thrifter

Your needs are crucial, and include things like food, water, clothes, transportation, etc. This will help you save money, especially when you take a look at the prices of food today. Medical emergencies, car emergencies, or family situations may arise where you need to dip into your emergency fund.

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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Now without further adieu, I present you with the dozens of great reads written by Yakezie members and challengers alike this past week in our efforts to bring you timely insight on personal finance and lifestyle today. Better to refinance and sink those funds into the treasury market! Do you review your finances monthly?

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