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Carnival of Personal Finance #384 – Time for a Laugh Edition

Prairie Eco-Thrifter

Hello and welcome to this week’s Carnival of Personal Finance. If any of you have seen me host carnivals before you know that I like to add in some funny clips about personal finance for your enjoyment. Editors Picks: Big Cajun Man from THE Canadian Personal Finance Site shares 10 Phrases I have Used to Save Money.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

Like many across the globe, my family’s finances are a bit unstable due to the Coronvius Pandemic. I have written often about the importance of an emergency fund. Finances after the Pandemic: We went through a rough time back in 2012/2013 and we wrote our Debt Freedom Plan as a result of it. Cash is King.

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Saving Your Pennies For A Rainy Day

Prairie Eco-Thrifter

Medical emergencies, car emergencies, or family situations may arise where you need to dip into your emergency fund. It is a known truth, and emphasized by our current economy, that people have a hard time saving money. Take personal finances, for example; too many people over-think their finances, with.

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Do You Have an Income Problem? Or a Cash Flow Problem?

Prairie Eco-Thrifter

Timing Matters in Finances. Notice the Way Money Moves through Your Personal Economy. The reason for having these measures is to prevent me from having to constantly fiddle with some of my automatic transfers to my emergency fund, retirement account, and quarterly estimated tax fund. And that can make a difference.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Each year I bring them together in my Grandma Rie’s Money Camp and focus on different aspects of personal finance, with saving being a focus in each camp. Financial moves in a low interest rate economy. If you are risk averse, you may lose sleep (and health) worrying about the safety of your finances. Pretty much nothing.

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How to Avoid Financial Disaster

Prairie Eco-Thrifter

Start an Emergency Fund One of the biggest things you can do to help avoid disasters is to create an emergency fund. This is a reserve of money for emergencies; leave it alone and don’t go dipping into it for general spending. A diversified mutual fund is an excellent way to achieve a diversified portfolio.

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Find Out How Olivia & Her Husband Paid off Their Mortgage in 33 Months

Family Balance Sheet

Teachers income in Texas actually starts pretty good ($44,000 when I started), but it doesn’t increase much and there aren’t any bonuses (some years it doesn’t even increase WITH inflation…one year we didn’t even get a raise due to the economy). It’s important to be on the same page as your spouse about finances.

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