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

Penny Pinchin' Mom

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.

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Savings Goal Calculator – NerdWallet

Savings Corner

Whether you’ve set your sights on a new car, wedding or emergency fund, chipping away at the cost little by little can help you get there. Savings goal : The amount you want to save — whether it’s for an emergency fund, short-term goal or long-term goal. Time to grow : The deadline for your savings goal.

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Money Matters - How to Build Healthy Financial Habits and Prevent Future Debt

Motherhood Moments

Instead, you may want to check out thrift stores or buy classic, high-quality items that will last longer. Emergencies do happen, so it's essential to have a savings cushion to fall back on when unexpected expenses pop up. Automating your savings towards an emergency fund makes this process easier and less painful.

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Savings Calculator – NerdWallet

Savings Corner

Use this free savings calculator to understand how your money can grow over time. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Use the free savings calculator below to understand how your money can grow over time.

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Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

The proverbial saying ‘money doesn’t grow on trees’ is used by many a parent in denying some wished for item to their children. Well, kids, your parents lied to you – money does grow on trees. A money tree starts out growing slowly, so small at first that you don’t even think it is there.

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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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Best Way to Spend Tax Refund

For the Mommas

Add to Your Emergency Fund. An emergency fund can never have too much money in it. If you have an emergency fund to add to, then add to it. The sooner you begin contributing to your retirement fund, the longer it has time to grow. You never know when you may need to fall back on it.

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