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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Despite having a strict family budget , some members of my beautiful family still try to find sneaky ways to spend more than is allocated to them at any given time. Create an Emergency Fund Let’s talk personal finances— $8,883 —that’s how much American households have in terms of emergency funds on average.

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Build Your Home Food Storage Without Breaking the Bank

Prairie Eco-Thrifter

One of the best things you can do for the sake of your own self reliance is to build up your home food storage. Your home food storage can tide you over in the event of a financial setback, or be part of your efforts for emergency preparedness. Be ready for emergencies, physical and financial, by having your own store of food.

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2019 Debt Freedom Plan Update

Family Balance Sheet

The journey started in 2012 when we bought an office building for our business and then found ourselves with a lot of debt and not enough cash flow. 1 – Save a starter Home Emergency Fund. Dave Ramsey suggests to have a starter emergency fund of $1000 while focusing on paying off non-mortgage debt.

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Our 2018 Financial Goals

Family Balance Sheet

I won’t rehash our health insurance story here, because I have written extensively about it and INCLUDED OUR NUMBERS. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Read our Health Insurance Story: . 2017 Update.

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Which Insurance Policies Should You Absolutely Have?

Prairie Eco-Thrifter

Health insurance coverage in the United States is now mandated by law, but it still makes sense to have health coverage. Even in Canada, it might make sense to get a certain amount of private health coverage if you are concerned that your government-provided coverage isn’t quite going to do it. What About Self Insurance?

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How We Paid off Six Figures of Debt

Family Balance Sheet

How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Health Sharing Ministry.

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Make Life Better For Yourself: Reduce Your Stress

Prairie Eco-Thrifter

Medical experts have been telling us for decades that stress is dangerous to our health. Even if stress isn’t yet endangering your general health, it will certainly be having an impact on your life. I find it helpful to jot these down because when you’re stressed, holding too many thoughts in your mind is darned near impossible.

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