Debt Emergency Fund Growing Savings Account 
Prairie Eco-Thrifter
AUGUST 12, 2013
Personal financiers will frequently advise that you have an emergency fund of 3-6 months of expenses in your bank account at all times. Saving up this chunk of change can take a long period of time, especially if you have a high expense to income ratio, which many people do (especially if you’re paying down debt). .
Penny Pinchin' Mom
DECEMBER 17, 2023
The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.
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Penny Pinchin' Mom
JANUARY 16, 2024
However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. I send in $50 every month to each of their accounts.
Prairie Eco-Thrifter
MAY 26, 2016
Because we only have a week to show results, and because savings account interest rates have been near zero each year since camps started, I have routinely given the jar 50% interest. Trepidation about having the grand-kids open a savings account. Both are now old enough to open a bank savings account.
Savings Corner
APRIL 4, 2024
It’s also why low-risk plays make for better short-term investments or a stash for your emergency fund. High-yield savings accounts While not technically an investment, savings accounts offer a modest return on your money. In contrast, higher-risk investments are better suited for long-term goals.
Family Balance Sheet
JANUARY 17, 2018
2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Save for a camper upgrade. 2017 Update. 2016 Update.
Prairie Eco-Thrifter
SEPTEMBER 28, 2014
Many families are toeing the line of slipping into debt, if they aren’t already over their heads. With just one emergency such as a car breaking down or, in the US, a medical bill, many could be in a very precarious position. I know how hard it is to start saving. Extra Income Goes Into Savings.
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