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So You’ve Maxed Out Your Emergency Fund – Now What?

Prairie Eco-Thrifter

Personal financiers will frequently advise that you have an emergency fund of 3-6 months of expenses in your bank account at all times. I remember a few months ago when I hit my $10,000 emergency fund target. Once you’ve reached that goal and have a nice, healthy emergency fund in your bank, what do you do next?

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Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

What got us through.our emergency fund. Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. How Much Do You Need in an Emergency Fund?

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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

An emergency fund is vital regardless of the larger economic climate. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Generally, you want to aim for an emergency fund of three to six months of expenses. Prepare for the unexpected.

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The Best Homeowners Insurance Companies of December 2023

Savings Corner

Homeowners should consider the size of their emergency fund, as well as whether they would prefer to pay more to transfer additional risk and limit unexpected costs. Consumers should get quotes for both bundled and separate coverage from different insurers to see what will provide the best price overall.

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Should You Buy a House Now?

Prairie Eco-Thrifter

” Is most of my consumer credit dealt with? It makes sense to wait to buy until your consumer debt is mostly handled. Adding another debt obligation while you are already struggling with high-interest consumer debt, can burden your finances. An emergency fund? You don’t want to end up “house poor.”

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Is Now The Time to Buy a Home?

Prairie Eco-Thrifter

Since living expenses consume a considerable portion of most people’s income, it is a good idea to put a lot of thought into the decision and where your money is ultimately going. Often times you hear of home ownership referred to as the American dream, but this isn’t always the case.

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How to Recover from a Financial Mistake

Prairie Eco-Thrifter

If you’ve amassed a pile of consumer debt, create a budget and see where you can cut back. If you’ve been hit with some unexpected bills, create a payment plan and start building an emergency fund for future occasions. Now that you know what doesn’t work, it’s time to figure out what does.