Penny Pinchin' Mom

FEBRUARY 16, 2024

Needless to say, a vast majority of Americans don’t own luxury vehicles, but that’s not to say that these people own broken-down used cars. How much of that do you have saved up as we speak? The simple truth is that not many people have enough money saved up to buy a car. This ends up saving you more money.

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Cars Car Bank Banking 52

Penny Pinchin' Mom

MARCH 11, 2024

We know that saving for a rainy day isn’t just a phrase our grandparents used to throw around. You need to know where the money is going before you can plan on how to plug the holes and use your income better. You can start cutting out these expenses and see how much money you save. But you and I know better.

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Saving Money Money Saving Credit Cards 52

Savings Corner

DECEMBER 24, 2023

Portions of this article were drafted using an in-house natural language generation platform. Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. A personal loan is money borrowed from a lender that can be used for nearly any purpose.

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Debt Credit Cards Credit College Tuition 52

Family Balance Sheet

MARCH 26, 2021

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. It was a very scary time for us. We had enough to get us through one more month.

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Emergency Fund Building 2007 Credit Cards 130

Penny Pinchin' Mom

DECEMBER 17, 2023

You are one emergency short of losing track of your finances. If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different. Before I took up my Financial Reboot journey, I was more focused on growing my savings accounts as opposed to paying off debt first.

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Pay Off Debt Debt Emergency Fund Financial Goals 52

Savings Corner

DECEMBER 24, 2023

Find your net worth by using our net worth calculator. For example, your home would count toward your net worth if you’re willing to use it for a home equity line of credit or sell it should the need arise. If you’re using your home as an asset, its mortgage counts as a liability as well. Want us to do it for you?

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Calculators Taxes Debt Consumer 52

Prairie Eco-Thrifter

MAY 26, 2016

Helping the parents teach my grandchildren to save is an ongoing project of mine. Each year I bring them together in my Grandma Rie’s Money Camp and focus on different aspects of personal finance, with saving being a focus in each camp. Trepidation about having the grand-kids open a savings account.

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Money Saving Money Lowes Grandchildren 124

Family Balance Sheet

AUGUST 11, 2016

.” Recently Go Banking Rates conducted two studies on savings rates with startling results. Almost 70% of Generation X have less than $1000 in personal savings account. *. of Generation X report a retirement savings account balance of $0.**. of Gen X report they have saves less than $10,000 for retirement.**.

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Emergency Fund Money Finance Debt 100

Family Balance Sheet

FEBRUARY 11, 2016

Do you have enough cash to cover them or would you have to rely on high interest credit cards or a loan from family? According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. Our saving grace was the money we had saved in our emergency account.

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Emergency Fund Building 2007 Credit Cards 100

Prairie Eco-Thrifter

NOVEMBER 25, 2012

Saving means that you deposit a sum of money, which you can generally add to over time, into an account with a bank, credit union, savings and loan or other financial institution. The bank uses your money for lending and pays you a pre-determined interest rate for that privilege. Save or invest?

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Money Debt Refinancing Credit Cards 189

Prairie Eco-Thrifter

FEBRUARY 3, 2016

With so many things that we parents have to teach our children, from using the potty to being a good and decent citizen, it’s no wonder that financial lessons sometimes get pushed aside in favor of more immediate needs in raising our kids. Here are a few that worked for us. And they will see that you put money aside in savings.

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Prairie Eco-Thrifter

APRIL 6, 2012

Wayne presents Purpose of Budgeting posted at Young Family Finance , saying, “Are you left wondering why you should budget? Justin presents Know the Common Mistakes with Your Personal Finances posted at Budget Snob , saying, “Many people make the same financial mistakes. The Skilled Investor , Editor.

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Money Finance Personal Finance Real Estate 133

Family Balance Sheet

FEBRUARY 22, 2011

It was a scary time for us. 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. It is not a spending account. Save it and forget about it. It is for emergencies.

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Emergency Fund 2007 Personal Finance Debt 127

Prairie Eco-Thrifter

JANUARY 30, 2013

Credit card with an adequate limit. Financial accounts numbers (memorize them and/or save them in digital form, protected by a password or encryption). Financial contact numbers for banks, credit issuers, insurance companies, and others. However, I also keep emergency funds in a taxable investment account.

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Prairie Eco-Thrifter

JANUARY 30, 2017

The author of Kiplinger article ‘How Money Is Used as a Weapon in Relationships ‘ says: “Money is among the most powerful weapons of control in a relationship.” Yet newlyweds as well as long time married folks may not even be aware of some of the money tricks they or their spouse could be using. Asset hiding.

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Prairie Eco-Thrifter

MAY 29, 2013

For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Only a small portion of your FICO score is based on having and using revolving credit. Where Credit Scores Come From.

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Credit Cards Credit Building Rent 234

Family Balance Sheet

JANUARY 20, 2017

She is the co-founder of the website, Little Light on a Hill , where she writes about faith, family, and finances. Be sure to check out her website where she is offering a free finance workbook if you subscribe to her newsletter. Tell us about you and your family. It took us four years, but we paid off over $80,000 of debt!

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Debt Debt Free Friends And Family Sale Budgeting 100

For the Mommas

MAY 22, 2012

Rather than finding yourself in a position where you’re relying on credit cards for these expenses – and then wasting your hard-earned money on paying off those cards in the following months – try creating separate sinking funds instead. Setting up sinking funds and using them are two separate things, though.

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Craigslist West Virginia Bank Banking 78

The Frugal Girl

MARCH 4, 2024

Box are some of my favorite authors) and I use the library to borrow both regular books and electronic resources. I learned to save money by watching my parents. (I I still remember saving my change as a kid so I could “shop” for books at yard sales.) Now I wish those dollars had gone into our savings accounts.

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Green And Frugal Kids and Family Hotel Frugal 180

Prairie Eco-Thrifter

JUNE 14, 2012

Take personal finances, for example; too many people over-think their finances, with the result that it all seems too hard. So we just give up on trying to control expenditure and saving. The more complicated your finances are, the harder it all seems. Reduce Your Credit Cards Ouch! So what do you think?

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Simple Finance Budgeting Budget 221

Family Balance Sheet

OCTOBER 8, 2014

Welcome to 31 Days to Organize Your Finances. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. If you use financial software, such as Quicken or another form, you’re in luck, you can simply print a monthly recap.

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Finance Money Organic Organization 113

Penny Pinchin' Mom

FEBRUARY 16, 2024

Do you have a retirement plan or a healthy savings account? Besides, paying off your debt and keeping it at a healthy minimum will help your credit score rating. With a better credit score rating, you have access to better financing options, which, in turn, can help you take advantage of future investment opportunities.

Money 52

Money Insurance Debt Bulk 52

Family Balance Sheet

MARCH 4, 2016

We lived our lives as if the money was never ending and we truly believed we were immune to ever having to worry about our finances. Then one day it all came crashing in on us in February 2011. The day she pulled up in her used lawn mower, her co-workers officially said it out loud: “Andrea, you’ve lost your damn mind!”.

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Debt Finds Debt Free Television 100

Prairie Eco-Thrifter

AUGUST 19, 2012

Consider it insurance and don’t fret that it’s only earning measly interest in a savings account. Credit card debt remains at an all time high; this is the first debt to attack and get under control. Limit your exposure by aggressively attacking your credit card balances, focusing on one at a time.

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Emergency Fund Insurance Debt Credit Cards 222