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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Create an Emergency Fund Let’s talk personal finances— $8,883 —that’s how much American households have in terms of emergency funds on average. The ideal scenario is that your emergency fund should look to cover at least six months of all your monthly household expenses should you suddenly lose your income.

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Which Insurance Policies Should You Absolutely Have?

Prairie Eco-Thrifter

Other insurance isn’t so straightforward. Health insurance coverage in the United States is now mandated by law, but it still makes sense to have health coverage. Life insurance is another type of insurance that comes with question markets. What About Self Insurance? Money Tips'

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

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. Make establishing an emergency fund a priority. Not Being Properly Insured You are the wage-earner, the care-giver, the home-maker, whichever of these titles you hold.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Tom Drake from Canadian Finance Blog clarifies our Understanding of Term Life Insurance. Cathy Moran from Money Health Central reminds us to Make Sure There’s Life After Debt , and says, “The physical cost of getting out of debt may be more than you should pay. &#. Thanks for the honesty.