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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Or, instead of dining out every night, you may opt to cook at home more often. Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Automating your savings towards an emergency fund makes this process easier and less painful. Invest in yourself.

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Reader Question: How Much Money Do I Need To Buy My First Home?

Prairie Eco-Thrifter

Certain loans are available to make it easier for first time buyers in North America to own their own home and you may be able to qualify for one of these. After all, there’s no point moving into your dream home if you can’t afford to pay the bills or put food on the table! What Can You Afford? Don’t forget about living expenses too.

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

I wasn’t comfortable keeping only $1,000 in an emergency fund with two little ones and just one income, so we didn’t follow that part of his plan. Here’s a tutorial for how to use the Debt Snowball Calculator to get out of debt faster. We loosely followed Dave Ramsey’s plan for inspiration.

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