Penny Pinchin' Mom
DECEMBER 17, 2023
So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times. Doing this actually gave me the peace of mind that I needed to focus on my financial goals.
Prairie Eco-Thrifter
MAY 30, 2012
Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Ignoring Your Debt Debt is not just going to go away, you must handle it and work to whittle it away. Make establishing an emergency fund a priority.
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Family Balance Sheet
SEPTEMBER 9, 2014
Your money stays yours, so you can make it work for you. We also went through multiple job losses, surgeries, huge car repairs, etc. Travel, buy fun stuff, give gifts, help others, work if I feel like it and not if I don’t, etc. When’s our debt free date now that I sent in that $1000 from that extra work?
Penny Pinchin' Mom
DECEMBER 17, 2023
Emergencies constitute things like: Job loss Medical emergencies Accidents Unplanned large purchases (necessary large purchases) Natural disaster expenses You absolutely need to have this money set aside somewhere it can be easily accessed but also not within your day-to-day reach. Who has that kind of money?
Family Balance Sheet
APRIL 12, 2016
I work in Finance/Accounting for a large corporation but I have also started a company called Every Single Dollar , which focuses on personal finance for single women. And I cut back on lifestyle – cooking food at home, taking the bus to work vs driving and paying for parking, etc. What are your financial goals now?
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