Penny Pinchin' Mom

DECEMBER 17, 2023

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different.

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Pay Off Debt Debt Emergency Fund Financial Goals 52

Penny Pinchin' Mom

FEBRUARY 16, 2024

The post How to Save Up for a Car Without Breaking the Bank appeared first on Penny Pinchin' Mom. Learning how to save up for a car is like learning how to save up for anything; it calls for discipline and a few financial tricks. Learning how to save up for a car without breaking the bank can now be somewhat difficult.

Cars 52

Cars Car Bank Banking 52

Family Balance Sheet

JANUARY 25, 2013

On the 25th of every month from January to November, I'm holding a viral meeting for the Christmas Savings Club , a monthly accountability to help us save for a cash Christmas. As outlined in the first post , your goal this past month was to create a budget for your Christmas spending. My monthly goal is $100.

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Christmas Club Goals Budgeting 127

Penny Pinchin' Mom

JANUARY 16, 2024

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. I send in $50 every month to each of their accounts.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Family Balance Sheet

JUNE 4, 2021

I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. I donated plasma 4 times in May which is short of my goal of 8 times. I calculate the per-hour rate from my plasma donations to make sure it’s a good use of my time. This money was put into my Christmas Savings account.

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Money May Donation 2020 130

Prairie Eco-Thrifter

JUNE 11, 2012

It simply isn’t worth putting all your retirement savings on a high-risk investment; you could lose the lot and then you would really be behind the eight-ball. Your goal is to achieve capital appreciation rather than get good dividends. Make your goal to create an income from your investment.

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Taxes Goals Advantage 401K 187

Savings Corner

DECEMBER 24, 2023

Monthly payment: Personal loans come with a fixed monthly payment that you’ll make over the life of the loan, calculated by adding up the principal and the interest. Instead, they are deposited into a savings account, and you make payments on your balance for the duration of the loan.

Debt 52

Debt Credit Cards Credit College Tuition 52

Savings Corner

DECEMBER 25, 2023

A savings account just won’t build wealth. Bankrate’s 401(k) calculator will also show you how much your money can grow throughout your career. Balance long-term and short-term investments Your time frame can change which types of accounts are most effective for you. 6 things you can do to get started in investing 1.

Taxes 52

Taxes Growing Money College Tuition 52

Family Balance Sheet

OCTOBER 8, 2014

By the end of the month, my goal is to help you have a detailed financial plan for your family. To begin, gather all of your recent bills, receipts, checking & savings account statement, and/or credit card statements. Yesterday’s assignment was to calculate how much money is coming in. 3 Steps To Help You.

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Family Balance Sheet

MARCH 17, 2017

The new monthly payment would have left us ‘insurance poor’ On top of that bombshell discovery, we realized the insurance plans that were being offered to us were NOT compatible with a health savings account, a tax deductible savings vehicle offered to those with high deductible health plans.

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