Penny Pinchin' Mom
DECEMBER 17, 2023
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. The ideal scenario is that your emergency fund should look to cover at least six months of all your monthly household expenses should you suddenly lose your income.
Family Balance Sheet
JUNE 24, 2021
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. For ideas to find those funds, read: 25 Ways to Find Money for Your Emergency Fund.
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Prairie Eco-Thrifter
NOVEMBER 4, 2016
His idea was to buy some land, a bit outside his own area and develop it into an estate type community – homes with acreage. This man works for a family firm that deals in real estate and has some connections to people who have done development, but has no experience himself. Real estate investors.
Prairie Eco-Thrifter
NOVEMBER 30, 2014
Once you have saved a base amount, branch out to put additional money into the stock and bond markets, real estate and other types investments that will grow your money faster than a secure savings account. We have enough to live on from other sources and an emergency fund. Care for your investments and savings.
Prairie Eco-Thrifter
OCTOBER 21, 2012
Michael from Financial Ramblings tells us how to Build a Bigger Nest Egg Through ‘Investment Creep’ , and says, “Turn the principles underlying lifestyle creep in your favor. and says, “While the real estate market continues on the road to recovery, there has been quite a buzz recently regarding reverse mortgages.
Prairie Eco-Thrifter
MAY 26, 2016
Having that emergency fund to keep on paying for the utilities when you lose your job, or for buying the new furnace when the old one gives out may save you from using high interest debt, such as credit cards or title or payday loans to finance your day to day needs. You may not be comfortable doing more risky things with your money.
Family Balance Sheet
JANUARY 21, 2015
We realized that debt payments were eating into our income and potential to build wealth. We are almost done with our 3-6 month emergency fund and will begin maxing out our retirement accounts. Once we max them out, we hope to put excess cash into real estate and potentially additional brokerage accounts.
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