article thumbnail

How to Make Your Budget Work for You

Prairie Eco-Thrifter

Building a budget or a spending plan around what’s most important to you, at your very core , means that you are far more likely to stick with the current plan. I like travel, I feel it’s important to set money aside for retirement and my son’s college education, and I like charitable giving. must be paid.

Budgeting 218
article thumbnail

Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

My spouse and I were that young, poor couple, sloughing away at our day jobs and scrimping and saving for years to build wealth. Gone were the days of having one bank account and only having to keep very simple records. It is a habit acquired through long practice and is one that stays with you even after you build wealth.

Money 247
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Are You Prepared For An Emergency?

Prairie Eco-Thrifter

My son knows that there are two meeting points out (depending on whether he leaves out the front or out the back) in our neighborhood. Financial contact numbers for banks, credit issuers, insurance companies, and others. Credit card with an adequate limit.

article thumbnail

What Has Your Money Done for You Lately?

Prairie Eco-Thrifter

It’s quite another to let a few thousand dollars (or even more) sit in a low-yield bank account that doesn’t serve much of a purpose. Perhaps you don’t have a ton of money to invest, but you could buy some dividend stocks and start building your income portfolio. Invest that Money.

Money 200
article thumbnail

How to Get into the Stock Market

Prairie Eco-Thrifter

My father-in-law lined up his grown sons and daughters to chip into a fund, from which he bought stock. Start by ‘investing’ in a separate bank account (or at least an independent budget category) so that you can save up the minimum required investment most funds have (usually around $3000).

article thumbnail

How this Couple Eliminated $180,000 of Debt in 12 Months!

Family Balance Sheet

Knowing our bank account was empty, I was hoping that one of our maxed out credit cards would have enough room to get him $20 bucks worth of gas to get him to work the next day. Thank goodness its illegal to sell cute little children, because I would have gotten a pretty penny for my son. We stopped buying stuff.

Debt 100
article thumbnail

Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

Our son is 29 and biological. We lived off my salary and banked Alan’s even before we were married so that we could build our own house (literally), paying cash as we went. He says we were busy building the house and our careers and it was money well spent because it freed up our time. (We Alan doesn’t share that regret.