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How to Build your Emergency Fund

Family Balance Sheet

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. It was a very scary time for us. Your future self will be grateful. .

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Why I Have Started to Like the Idea of Allowances in Family Finances

Prairie Eco-Thrifter

One the inevitable things that we spoke about during our session was finances. Our finances are not currently combined, but since we became engaged, we have been taking small steps toward at least partial pooling of our money. We did so willingly, as our friends had been through it and spoke highly of the experience.

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How to Create a Family Balance Sheet + Get a FREE one for your family!

Family Balance Sheet

Need a quick snapshot of your finances? I’m a firm believer that finances must be organized and neat, and a Family Balance Sheet helps you keep track of your finances in one tidy spreadsheet. I STILL use our spreadsheet today. You could also use a recent appraisal. Column K = Statement date of the balances.

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How to Get Your Free Credit Reports From the Major Credit Bureaus

Savings Corner

Using the government-mandated AnnualCreditReport.com website is the quickest way to get them, but you can also request them by phone or mail. Those reports — which previously had been limited to once a year — are permanently available weekly to help consumers manage their finances. Here’s how to use AnnualCreditReport.com.

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The Complete Guide to Buying a Franchise

Savings Corner

As you might expect, certain franchises are more expensive to start than others — and you may need a larger investment if you’re opening a location in a popular market, like a large city. These can include your personal finances, such as net worth, available capital and credit score, as well as industry and management experience.

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Create your debt freedom plan

Family Balance Sheet

Our personal finances are so interwoven with our small business finances that we view them as one. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. Currently, we’re working on steps 6, 7, and 8 simultaneously.

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What Is Financial Planning? | Bankrate

Savings Corner

In short, if it involves finances, then there’s a way to plan for it and optimize the outcome. A financial plan can help you direct how you organize your finances, from the small, short-term questions to the big, long-term issues. Good tax planning can create ways to minimize the long-term impact of taxes on your finances, too.

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