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What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

These are lessons that I try to impress upon my son because I don’t want him to make the same mistakes I made 15 years ago. I’m trying to be a little more hands-on with my son, and talk more openly about money (which is something that didn’t happen much in my parents’ home.

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How to Make Your Budget Work for You

Prairie Eco-Thrifter

I like travel, I feel it’s important to set money aside for retirement and my son’s college education, and I like charitable giving. I acknowledge that these things make my life worth living as well. Money is automatically deposited into the retirement and emergency fund accounts, as well as to my son’s 529.

Budget 218
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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

Know where these items are, and make sure other family members know as well. 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. If you can get to it, the right safe will protect the information from floods and fires, as well as other disasters.

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The Spending Plan Mentality

Prairie Eco-Thrifter

When I think of a budget in the more traditional terms, I think of something limiting, as well as as something that is charge of me. My retirement account contribution, emergency fund contribution, car payments, utility bills, and mortgage are all set up so that they are paid automatically each month. We want an emergency fund.

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How to Get into the Stock Market

Prairie Eco-Thrifter

Traditional investment advice says that you shouldn’t invest in the market until you are financially stable, have an emergency fund and have taken care of other basics, such as insurance of all kinds, debt removal and etc. My father-in-law lined up his grown sons and daughters to chip into a fund, from which he bought stock.

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Financial Success: It’s Not Always About Your Income

Prairie Eco-Thrifter

Our son was growing, and we knew we wanted to provide him with extracurricular activities that made sense for him — music and sports and scouting. So we put those in the list of priorities as well. We knew we wanted to save for retirement, and that we wanted to keep giving to charity. We also had bills and other obligations.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt. I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. Building an emergency fund also helps enormously.

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