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So You’ve Maxed Out Your Emergency Fund – Now What?

Prairie Eco-Thrifter

Personal financiers will frequently advise that you have an emergency fund of 3-6 months of expenses in your bank account at all times. Saving up this chunk of change can take a long period of time, especially if you have a high expense to income ratio, which many people do (especially if you’re paying down debt). .

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Savings Goal Calculator – NerdWallet

Savings Corner

Saving enough money for the future starts with a plan. Whether you’ve set your sights on a new car, wedding or emergency fund, chipping away at the cost little by little can help you get there. Use our tool to start working toward your savings goal. Time to grow : The deadline for your savings goal.

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For Better Savings: Use Sub Accounts to Differentiate Your Goals

Prairie Eco-Thrifter

It’s fun to watch your account grow, but at the same time, if you have different goals for the money, having everything in one account can be problematic, since you aren’t able to identify which money is earmarked for a specific goal. Chances are that you are saving for different purposes. Break Out Your Objectives.

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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. Experts recommend an emergency fund of at least six month’s salary as essential, especially if you are struggling to make ends meet.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

Make sure that you understand escape routes from the house, and that you drill family members on how to get clear of the house, and where to meet. My son knows that there are two meeting points out (depending on whether he leaves out the front or out the back) in our neighborhood. You can augment with other emergency sources as well.

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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

Meet Krystal. working full time at a low-paying job and going to grad school full time, while my husband was working multiple jobs just to help us make ends meet. emergency fund, so we started throwing what little extra we had straight. friends or family to save on housing costs, and we put a little bit from.

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