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

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

Family Balance Sheet

Our home owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, there have been years where we also owed the Federal government. This system works very well for us, but we have been doing it for several years. How to Build your Emergency Fund.

Bills 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

Types of Investors

Prairie Eco-Thrifter

His idea was to buy some land, a bit outside his own area and develop it into an estate type community – homes with acreage. This man works for a family firm that deals in real estate and has some connections to people who have done development, but has no experience himself. Real estate investors.

article thumbnail

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

Penny Pinchin' Mom

Things like your savings account, your retirement fund, your house, investments accounts, real estate…these are all assets. Knowing this difference will show you where you stand financially. ” Have Money Buddies Teamwork almost always makes the dream work.

article thumbnail

Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

Once you have saved a base amount, branch out to put additional money into the stock and bond markets, real estate and other types investments that will grow your money faster than a secure savings account. We have enough to live on from other sources and an emergency fund. Keep saving.

Virginia 160
article thumbnail

Yakezie Carnival November 13, 2011- November Edition

Prairie Eco-Thrifter

November to many of us means nothing more than turning on the heat, finishing the yard work, and beginning our hibernation from the cold. Money Beagle: Why You Should Write Your Personal Finance Executive Summary Today – Working with a clearly defined objective is key to financial success. – How will you measure your life?

November 188
article thumbnail

Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

20′s Finances: Hiring a Property Manager: What it Offers You Real Estate Investments can be time consuming. Personal Finance Whiz : What Is An Emergency Fund? Why Do You Need One and How Does it Work? One of the major components of being financially fit is to have an emergency fund.

October 200