Motherhood Moments

JANUARY 18, 2023

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. Depending on your situation, you may qualify for a debt management plan.

Recession 100

Recession Finance Emergency Fund Debt 100

Prairie Eco-Thrifter

JANUARY 30, 2013

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. While you can never be completely prepared for the toll an emergency takes on you, it is possible to limit the harm done by an unexpected turn of events. Water (and method of purification).

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Penny Pinchin' Mom

DECEMBER 17, 2023

Before you start paying off multiple debts, come up with an emergency savings goal to cover unexpected events. I would recommend that you have at least six months to a year’s worth of your monthly expenses saved in the event of a job loss or an unexpected emergency.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Prairie Eco-Thrifter

SEPTEMBER 15, 2014

Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life. You may worry about what your heirs would do with your hard earned millions. I hate to be taken advantage of in a financial transaction, just as I did when poorer.

Money 247

Money Grandchildren Thrifty Job Loss 247

Prairie Eco-Thrifter

OCTOBER 5, 2011

There is sometimes a waiting list or it may take some time for your application to be processed so the quicker you do it the better. Until you have a job again, focus on keeping your financial reserves, as you may end up regretting paying that extra $20 a week off your debt. So, have you ever lost your job?

Unemployment 200

Unemployment Debt Job Loss Money 200

Family Balance Sheet

SEPTEMBER 9, 2014

We also went through multiple job losses, surgeries, huge car repairs, etc. Was there a particular event? Quitting my job was a big financial goal that I just made happen. I may work on buying another rental property (with cash.) We hit everywhere in between. Basically, we had a normal life.

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236