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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. We didn’t have enough cash saved to buy a car without a loan and that wasn’t sitting well with me. I will eventually buy a machine, but for now, my morning coffee is secure. Emergency Savings = Last Resort. I have been using it ever since.

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Financial Success: It’s Not Always About Your Income

Prairie Eco-Thrifter

This means that after we take care of retirement and emergency fund contributions, and after everything else is taken care of, we have enough to do what we like. Living there would be a different animal altogether and it would take a much higher income to make do. Should You Buy a House Now? Money Tips'

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Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

Her secret was paying attention to what stocks her successful boss was buying and selling, and often following suit to a smaller degree. We don’t panic because we know we can make do with out the investment money. We have enough to live on from other sources and an emergency fund. Gladys Holm. Keep saving.

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What Do You Tolerate to Save Money?

Prairie Eco-Thrifter

Good thing we have that emergency fund because this won’t be cheap to fix. Perhaps you own your home, for instance, and put off doing some of the things you want to do either because you don’t have the time or money to mess with it, or you feel it can just wait. For how long should you tolerate broken?

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Take Control of Your Money in 2015

Family Balance Sheet

In 2014, the Grocery Budget Challenge encouraged us to keep our grocery spending in line and to be creative with our meal planning so that we do not over-spend. We will be challenging ourselves to resist buying retail and instead choose thrift by borrowing, buying second hand, or making do with what we already have.

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Our 2018 Financial Goals

Family Balance Sheet

I want to challenge myself to rethink our purchases by taking advantage of more cost effective solutions, like borrowing, buying second hand, or just making do with what we already have. Save a starter Home Emergency Fund. It’s not quite 3-6 months of expenses, but will do until we get to #6.