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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. I do this with my emergency fund. Break Out Your Objectives. Money Tips'

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The Easiest Ways to Save Money on Household Expenses

Prairie Eco-Thrifter

Now is the time to watch every penny that you spend, so that you can purchase more in the same budget or even better, put that money in emergency funds. Do you watch a lot movies at the theater or rent a lot of movies through a mail order service? We know that times are tough. I mean, really tough.

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Our Debt Freedom Plan | Marriage & Money

Family Balance Sheet

Save $$$ Home Emergency Fund – Dave suggests to start at $1000, but being self-employed, ours is much higher, but it is not quite 3-6 months of expenses. Increase our emergency funds for the home & office to 3 – 6 months worth of expenses. Our Debt Freedom Plan. We will cash flow a FAMILY TRIP TO DISNEY.

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How We Frugal-ed in June 2023

Family Balance Sheet

However, we all agreed that the existing furniture was not comfortable, especially to watch movies. I also opened another Capital One 360 account for our emergency fund that was also sitting in a zero-interest savings account. So we started shopping around and were shocked to find how expensive outdoor furniture has become.

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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Being self-employed, we felt we needed more than Dave’s recommended $1000 starter emergency fund that he outlines in his book, so our first step was to save a bit more for our home and office. This list became our personal Debt Freedom Plan. To be honest, our first step in our plan wasn’t even paying off debt.

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Make Money Your Hobby

Prairie Eco-Thrifter

Updating spreadsheets, learning new savings and investment strategies, and watching my net worth grow over time became increasingly exciting. Money stopped being a burden and became a hobby, something I enjoyed and thrived on- literally. I wonder what would happen if more people adopted the money hobby.

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Financial Success: It’s Not Always About Your Income

Prairie Eco-Thrifter

No more of this expensive cable package stuff (we downgraded when we realized we weren’t watching that much), and no more spending on things that were just “okay.” This means that after we take care of retirement and emergency fund contributions, and after everything else is taken care of, we have enough to do what we like.