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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Ken from Spruce Up Your Finances asks Need A Down Payment For Your House? Sean Smarty from Grow Money talks about How to Invest During College.

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What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

These were my college years, when I made lots of stupid decisions. These are lessons that I try to impress upon my son because I don’t want him to make the same mistakes I made 15 years ago. Often, as I review my finances, I ask myself this question: “What will my future self say about this?” What do you think?

Money 209
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How to Make Your Budget Work for You

Prairie Eco-Thrifter

I like travel, I feel it’s important to set money aside for retirement and my son’s college education, and I like charitable giving. In fact, if you identify your values, and use them to direct your finances, you are more likely to stick with a spending plan and feel better about your financial situation at the same time.

Budget 218
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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

I have emergency supplies in the car, including blankets, food, flares, and First Aid. Whenever I travel, I also take water (the result of an unfortunate stranded-in-the-desert incident during college). My son knows that there are two meeting points out (depending on whether he leaves out the front or out the back) in our neighborhood.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt. I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. to a high of maybe $80,000/year.

Debt 236