article thumbnail

Are You Prepared For An Emergency?

Prairie Eco-Thrifter

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. We wouldn’t have to worry as much about shopping (although we’d probably spend a few bucks a week on fresh produce and milk) while we looked for other income sources. Financial Emergency Preparedness.

article thumbnail

The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

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. High-interest debt like credit and store cards, unauthorized overdrafts, catalog shopping, and private student loans should be the first to go.

article thumbnail

Find out how Jessica paid off $56,000 of student loans, credit cards, and a car loan.

Family Balance Sheet

It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. Re-examine and shop around for car insurance every so often – I saved $1200 this past year for the same coverage. Was there a particular event?