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

Prairie Eco-Thrifter

What if you estimate your retirement based on how much you are able to save, but a job loss means you can’t set aside money anymore, plus you lose your employer match? Markets and economic conditions change as well. Economic conditions might lead to greater inflation than expected.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Not Being Properly Insured You are the wage-earner, the care-giver, the home-maker, whichever of these titles you hold. Make establishing an emergency fund a priority.

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