Remove Credit Remove Credit Cards Remove Emergency Fund Remove Life Insurance
article thumbnail

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.

article thumbnail

Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Having Multiple Credit Cards Buying with credit cards leads to spending more than you earn and we all know where that leads. Interest rates on credit cards are usually the highest around so you are actually paying many times what the item is worth. Make establishing an emergency fund a priority.

Money 235
article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Tom Drake from Canadian Finance Blog clarifies our Understanding of Term Life Insurance. Nathan Richardson from ComplexSearch.com presents What’s a Good Credit Score? Philip Taylor from PT Money Personal Finance presents The Best Gas Rewards Credit Cards–June 2011. I totally agree.