article thumbnail

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.

article thumbnail

Our 2018 Financial Goals

Family Balance Sheet

I won’t rehash our health insurance story here, because I have written extensively about it and INCLUDED OUR NUMBERS. 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. Read our Health Insurance Story: . 2017 Update.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Penny Pinchin' Mom

Personal Finance Tips for Better Financial Health If you are currently struggling financially, I’m here to tell you that your financial situation isn’t unique. Things like your savings account, your retirement fund, your house, investments accounts, real estate…these are all assets.

article thumbnail

Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

and says, “While the real estate market continues on the road to recovery, there has been quite a buzz recently regarding reverse mortgages. ” Glen Craig from Free From Broke shares Six Essential Health Care Open Enrollment Tips. Scott Skyles from mortgage1a.com asks How Does a Reverse Mortgage Work? ,

article thumbnail

Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

If you are risk averse, you may lose sleep (and health) worrying about the safety of your finances. Although you could buy real estate and stocks or other investments before building that backing, what happens if you can’t make the mortgage payment, or have to sell the stocks at a loss to buy groceries or pay the rent?

Money 124