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How to Budget (and Pay) for Yearly Bills + a FREE Speadsheet

Family Balance Sheet

They can cause a panic, especially when just one bill is into the four figures, like our property taxes or auto insurance! Our home owner’s insurance, auto insurance, and local real-estate taxes (for our home and our business property) are due, and on top of that, there have been years where we also owed the Federal government.

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10 Best Low-Risk Investments In April 2024

Savings Corner

It’s also why low-risk plays make for better short-term investments or a stash for your emergency fund. Most accounts are government-insured up to $250,000 per account type per bank, so you’ll be compensated even if the financial institution fails. So money market accounts present no risk to your principal.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

Financial contact numbers for banks, credit issuers, insurance companies, and others. If your emergency is strictly financial (and even if it has a physical component to it), you should be ready with a liquid emergency fund. You can augment with other emergency sources as well.

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How to Get into the Stock Market

Prairie Eco-Thrifter

Traditional investment advice says that you shouldn’t invest in the market until you are financially stable, have an emergency fund and have taken care of other basics, such as insurance of all kinds, debt removal and etc. If you don’t have any stock market investments, how can you get in on the action?

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How We Frugal-ed in June 2023

Family Balance Sheet

I also opened another Capital One 360 account for our emergency fund that was also sitting in a zero-interest savings account. Both our CD and high-interest savings account are FDIC-insured and are at banks that we trust. In total, we have made $250 in interest since April. Ask and ye shall receive!

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How to Make Your Budget Work for You

Prairie Eco-Thrifter

The mortgage and other bills (utilities, insurance, etc.) An automatic contribution is made monthly to the local food bank, and I tithe. Money is automatically deposited into the retirement and emergency fund accounts, as well as to my son’s 529. My spending plan revolves around my top priorities. must be paid.

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So here’s what I got.

Saving In Akron

This all goes back to having an emergency fund and paying yourself first. My husband spent 8 months of those two years unemployed and looking for a job because we could no longer afford our health insurance. My family would not have survived without that emergency fund. Anyone can do this.