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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

The post Managing Family Finances: Tips and Strategies for a Better Financial Future appeared first on Penny Pinchin' Mom. Family finances can be tricky! You want people to live a quality life, and you want them to enjoy that life, and that requires some spending money. I would know. But how can you balance the two?

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

Another difficulty has to do with the fact that rules of thumb related to stock market returns don’t always work out, either. If you lose your job, or encounter another financial setback, 30% of your income might be too much to handle for a mortgage payment — especially if you have other debt. Money Tips'

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

The same can be said about finances – it is often the little things you do, the small actions you take, that have the biggest impact on your financial security, both in the present and in the future. A budget provides you with a financial roadmap to get to where you want to be in life. Make establishing an emergency fund a priority.

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