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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

The post 10 Must-Know Personal Finance Tips for Moms’ Financial Success appeared first on Penny Pinchin' Mom. Personal finance tips are much like opinions; everybody’s got one. Here are some personal finance tips that should help get you out of that murk. I send in $50 every month to each of their accounts.

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

What got us through.our emergency fund. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. It is not a spending account.

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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

You are one emergency short of losing track of your finances. If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different. And there are tons of other benefits as well. What gives? From a personal point of view, I much prefer living debt free.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. of Gen X report they have saves less than $10,000 for retirement.**.

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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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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

Know where these items are, and make sure other family members know as well. If you can get to it, the right safe will protect the information from floods and fires, as well as other disasters. If your emergency is strictly financial (and even if it has a physical component to it), you should be ready with a liquid emergency fund.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

It has served me well over the years, eventually leading to my current position of financial freedom. Helping the parents teach my grandchildren to save is an ongoing project of mine. Helping the parents teach my grandchildren to save is an ongoing project of mine. Trepidation about having the grand-kids open a savings account.

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