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How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

Lack of An Emergency Fund . One of the most common disastrous finance mistakes is not having any sort of financial back-up for emergencies. Experts recommend an emergency fund of at least six month’s salary as essential, especially if you are struggling to make ends meet.

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What Has Your Money Done for You Lately?

Prairie Eco-Thrifter

It’s one thing to have a couple thousand dollars in an emergency fund. Do you have enough money to buy an investment property? Do you have enough money to buy an investment property? You could flip a house, or buy a multi-family complex and rent out the units.

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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. Don’t buy anything that is not on the list unless you forgot something truly important. Take advantage of them. We know that times are tough. I mean, really tough.

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It’s Not Too Late to Save for the Holidays

Prairie Eco-Thrifter

Make a list of all of the family and friends you buy for and how much you usually spend. If you have the time, you can open a Swagbucks account and search the internet for points that can be traded in for gift cards, or you can take advantage of bank cash bonus offers if you open a credit card or checking account.

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Saving Your Pennies For A Rainy Day

Prairie Eco-Thrifter

Your wants are things you can do without, especially if you do not have the money to buy them. Yes, but before you run out to buy them because they are on sale, ask yourself this “How many other pairs of jeans are in my closet?” Since most of us get direct deposit for its convenience, you can take advantage of that. Shop Sales.

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Build Your Home Food Storage Without Breaking the Bank

Prairie Eco-Thrifter

You don’t want to overwhelm your budget , so buy items in an orderly manner. Each week, buy something on your food storage list. Limit yourself to buying only what you can afford each week. In some cases, you might feel as though you need to buy something more expensive. There’s no need to go overboard.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Kevin Mulligan from RothIRA.com’s Retirement Planning Blog tells us how to Take Advantage of Retirement Accounts for a Side Business. Tim from How to Make Bankable Savings discusses Buy Versus Rent: Non-Financial Considerations are Ke y The decision to buy or rent your home involves more than a financial analysis.