Providing for Your Child’s Future

Prairie Eco-Thrifter

Stay with me here – I’m very concerned about my child’s future, especially in these debt-ridden times of financial uncertainty. That got me started thinking about life insurance. Life Insurance as a Guarantee If something were to happen to me, I need to ensure that my child will be taken care of. But it hadn’t occurred to me that life insurance might help pay for college, allow him to stay debt-free himself, or give him opportunities I never even dreamed of.

Which Insurance Policies Should You Absolutely Have?

Prairie Eco-Thrifter

Even though many of us grumble about paying insurance premiums, the reality is that insurance is necessary for many of us. Insurance is designed to help us cover the costs associated with replacing expensive assets. Whether or not you need insurance depends on your particular situation. “Consumers should have auto, home, and renters insurance if they own any of those items,” says Liran Hirschkorn, founder of BestLifeQuote.com.

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Friday Links – Keeping the Balance Edition

Prairie Eco-Thrifter

Before i left for my holidays, my life was nuts. I honestly felt like I would be moving so fast throughout the day that my life would literally flash before my eyes. I know not every week in the future will be perfect but I do want to do my best to minimize the “busy-ness” of my life and actually make each day worth it. Life is meant to be enjoyed not just lived. Weiss @ The Insurance Protection Blog explains how much insurance a First Time Homeowner needs.

7 Ways to Spring Clean Your Finances

Family Balance Sheet

T – time-based, tangible, In 2019, we paid off six figures of non-mortgage debts. Related Reading : How We Paid off Six Figures of Debt. When was the last time you shopped around for homeowners or auto insurance? Bills to review this spring: homeowners insurance.

5 Things You Should Know When Planning Your Financial Future

Prairie Eco-Thrifter

One of the most important things in life is to find ways to achieve your financial goals. A life insurance policy is probably the first thing most people buy. In the past, single people did not make getting a life insurance policy a priority. That’s no longer the case in recent years, and today even young people are buying insurance. Insurance policies require you to name beneficiaries.

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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

The rule of thumb that states that it makes sense to spend 30% of your income each month on a housing payment doesn’t take into account the fact that you might have other debts, and that taking on more might over-leverage you. If you lose your job, or encounter another financial setback, 30% of your income might be too much to handle for a mortgage payment — especially if you have other debt. Rules of thumb are often used to make various financial decisions.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

A budget provides you with a financial roadmap to get to where you want to be in life. Increasing your credit card limit is really increasing your debt, or at least your exposure to debt, so say ’No!’ Ignoring Your Debt Debt is not just going to go away, you must handle it and work to whittle it away. There are many debt-reduction strategies that will help you reduce your amount of debt and therefore the amount of interest you are paying.

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7 Ways to Spring Clean Your Finances

Family Balance Sheet

T – time based, tangible, Take a peek at my family’s financial goals–I keep our Debt Freedom Plan on our refrigerator door for a constant reminder of our financial goals. When was the last time you shopped around for home owner’s or auto insurance? Bills to review: home owners insurance. auto insurance. life insurance. Take a deep breath, spring is finally here!

Friday Links – Week Three of Chaos

Prairie Eco-Thrifter

KK thinks you can think yourself into financial failure –read more at Student Debt Survivor. If you’re in the market for new insurance, make sure to read Deanne’s post about how much life insurance you need at Brighter Life. Hi everyone. This week has been as hectic as the last two. I am still alive though so this is a good sign. I feel like I got over my weak spells so that is good and my energy is a bit better.

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It Really Does Get Better

Prairie Eco-Thrifter

Are you so far in debt that you think you’ll never get out? Do you peer into the hazy future and think “life is not getting any better, will not get any better and I will end up as poor as I am today&# ? Getting there is not just about executing a debt reduction plan or earning passive income. I … allowed myself to still enjoy life. Paying off debt is great but having no quality of life in the process is not the way to do it.

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Totally Money Blog Carnival #18 – 6 Ways to Save Money Edition

Prairie Eco-Thrifter

All my life I have been told to not sweat the small stuff; that the little things don’t matter. I did this yeas ago when I was in debt and it made paying off the debt a reality. Also, make sure you aren’t paying unnecessary fees for things like credit card insurance. South County Girl presents Car Insurance Changes Again, Part 2. A post about breaking down your insurance costs and how you can budget for them.

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Create a Personal Escrow Fund | 31 Days to Organize Your Finances

Family Balance Sheet

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. Do you go into panic mode when your car insurance bill arrives? Our homeowners insurance and property taxes are not tied in with our mortgage so we receive those bills and are responsible for paying them instead of the bank that owns the mortgage. auto insurance – due yearly.

Yakezie Carnival – Credit Cards Edition

Prairie Eco-Thrifter

The Debt Princess: The Kool-Aid Effect: The Relationship Between the Poor & Nutrition – A look into how the working poor are eating unhealthy. Life Insurance: 10 myths – Life insurance is one of the most misunderstood financial products that the average citizen encounter. This post discusses the top 10 myths about life insurance. Personal Finance Journey : Should You Leave a Life Insurance Policy to Your Kids?

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

This week I am reminding you all about those special people in your life- your family. Philip from Deliver Away Debt shares his story: How I Delivered Away My Debt. Sometimes a charitable contribution can make a direct impact on your life and others. Life has a tendency to make drastic changes quickly, and if you do not have a plan or idea of how these changes might change your life, you are going to be in very deep trouble.

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

Prairie Eco-Thrifter

’ Financial Planning Ashley presents Should I Get Married with Debt? Robert presents 5 Steps Toward Post College Financial Bliss posted at The College Investor , saying, “Over my past few posts, I’ve highlighted key transitions that have financial ramifications in any college graduate’s life: The job search and managing life in your first apartment. ” Green Panda presents 2 Great Reasons Why Young People Need Life Insurance Too!

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