article thumbnail

Reader Story: It’s Never too Late to Start: Personal Finance Planning for Over-40s

Prairie Eco-Thrifter

Better late than never’ is a good approach to personal finance for the over 40s. Some people take on a second job to help fund their retirement; others do part-time work during retirement to keep some income coming in to augment their savings. Each year you delay, the benefit goes up about 8% up to age 70.

article thumbnail

The 5 Most Important Personal Finance Lessons to Teach your Child

Prairie Eco-Thrifter

Before you get ready to shove those kids of yours out of the nest, here are what I consider to be (based on my experience as a person, a Mom, and a Grandma) the most important things you (or someone) should teach them about personal finance. Try for internships to get a feel for what the work is really like.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Find out How Brian & His Wife Paid off $109,000 in Credit Card Debt

Family Balance Sheet

I work full time in IT and my wife works part time in retail. It was all consumer debt spread over 5 credit cards. After trying to extend credit to finance the vacation and we were denied (best thing to ever happen to us) we realized we made too much money to be living like this and something had to change.

Debt 100
article thumbnail

Carnival of Financial Planning – Money Management Edition #236 – May 11, 2012

Prairie Eco-Thrifter

Madison presents Credit Card Application Spree to Maximize Sign Up Bonuses posted at My Dollar Plan , saying, “It’s time for a round of credit card applications to make some money! Several weeks ago, I made the decision that it was about time to start looking for a new full time job.

Money 113
article thumbnail

Meet a Reader | Mary from Reflections Around the Campfire

The Frugal Girl

Although my parents never specifically taught me about finances, they lived a frugal life by necessity. Our mom stayed home to raise us kids; she went to work part-time in the local school system after both my brother and I were in school. What’s the easiest/hardest part of being frugal? The same is true for Maine.