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How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

Lack of An Emergency Fund . One of the most common disastrous finance mistakes is not having any sort of financial back-up for emergencies. Experts recommend an emergency fund of at least six month’s salary as essential, especially if you are struggling to make ends meet. Minimum Payments On Credit Cards.

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Are You Heading for Financial Disaster?

Prairie Eco-Thrifter

See if you can identify with any of these statements: I spend more than I earn I don’t have a household budget I use credit cards all the time to buy everyday essentials like food, gas, transport. Also include an emergency fund and contributions to a retirement account, even if just small amounts at first.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

Financial Emergency Preparedness. You also want to be ready financially during an emergency. Some of the items that you should have available to you during an emergency include: Cash. Credit card with an adequate limit. Financial contact numbers for banks, credit issuers, insurance companies, and others.

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Sigh.

Finally Frugal

Since I take public transportation, I put about 2,500 miles a year on it, if that. My emergency fund earns 1.10% interest. I'm pretty sure I've mentioned my 15 (almost 16) year old 'beater' car, which I'm trying to keep running until I'm debt-free. As far as maintenance, I get regular oil changes and that's about it.

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How Krystal and Josh paid off $80k in 4 years!

Family Balance Sheet

medical bills, a small credit card, both of our cars, and student loans. We tackled our small credit card balance, then our. emergency fund, so we started throwing what little extra we had straight. transportation expenses. First, we will save our six-month emergency fund. How long did.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. – Transportation: loan payments, fuel, insurance, service/repairs, necessary parking/tolls. Do you look at your bank account and wonder, “where did all the money go?”

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