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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Create an Emergency Fund Let’s talk personal finances— $8,883 —that’s how much American households have in terms of emergency funds on average. The ideal scenario is that your emergency fund should look to cover at least six months of all your monthly household expenses should you suddenly lose your income.

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Which Insurance Policies Should You Absolutely Have?

Prairie Eco-Thrifter

Insurance helps you manage your finances. Renters insurance makes sense for those who wouldn’t be able to replace the items in their apartment or rental home on their own, just paying cash. In some cases, you are required to carry insurance. Other insurance isn’t so straightforward. Covering Yourself.

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How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. After the first year, the new business debt weighed on me.

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So here’s what I got.

Saving In Akron

Geez, I couldn't make this stuff up if I wanted to. I did not go into debt for this vehicle. I will keep this car until doesn't run anymore, just like my husband's 16 year old car, and I will make the car payments to myself in order to recoup my savings. My family would not have survived without that emergency fund.

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Our 2018 Financial Goals

Family Balance Sheet

Did you make 2018 financial goals ? We even bought an online package years ago, but have since decided that we will have a lawyer draw up our will, medical directive, and power of attorney documents to make sure everything is in place legally. Read our Health Insurance Story: . This will take us most of the year.

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Meet Tracy, a Single Mom Who Paid Off $41,587 | Debt Free Stories

Family Balance Sheet

Welcome to Debt Free Stories. She paid off $41,587 in debt in 14 months! How much debt did you pay off? What kind of debt was it? What inspired you to get debt free? I was inspired to get debt free for 2 main reasons: 1. We wanted to enter into marriage debt free. (He Where are you from? in 14 months.The

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