Remove Emergency Fund Remove Finds Remove How To Remove Life Insurance
article thumbnail

How to Budget (and Pay) for Yearly Bills + a FREE Speadsheet

Family Balance Sheet

Not sure how to budget for your once-a-year bills? They can cause a panic, especially when just one bill is into the four figures, like our property taxes or auto insurance! But let me show you how to budget (and pay) for yearly bills with a strategy I’ve used for years. auto insurance – due yearly.

Bills 130
article thumbnail

How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

Lack of An Emergency Fund . One of the most common disastrous finance mistakes is not having any sort of financial back-up for emergencies. How long could you manage if you were out of work, based on your current financial situation? Make an allowance for a small amount of savings, in addition to your emergency fund.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Which Insurance Policies Should You Absolutely Have?

Prairie Eco-Thrifter

Life insurance is another type of insurance that comes with question markets. “Life insurance is more circumstantial,” Hirschkom points out. ” He also looks at other situations where life insurance might make sense. What About Self Insurance? Another option is to self insure.

Insurance 193
article thumbnail

Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Many people think they have no choice in this but the reality is, most people can find small ways to cut spending so that they can put a small regular amount into savings. Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times.

Money 235
article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Some people find themselves buried under student loan debt with little chance of ever paying it off. Kevin Mulligan from RothIRA.com’s Retirement Planning Blog tells us how to Take Advantage of Retirement Accounts for a Side Business. Tom Drake from Canadian Finance Blog clarifies our Understanding of Term Life Insurance.