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2012 Financial Goals

Family Balance Sheet

We talked through some issues and opportunities for our business and our personal, family, and financial goals. We are still working through some numbers and there might be some adjustments in the timelines we have given ourselves, but these are our financial priorities for 2012. Our 2012 Financial Goals.

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

Penny Pinchin' Mom

You don’t want your family’s financial security to go down the drain. 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. It should be 6x that, and then you have your minimum emergency fund figure.

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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

Educate Yourself “Truthfully, probably 95% of Americans are financially illiterate.” − Suze Orman – Women & Money (and Everyone Smart Enough to Listen) Financial literacy is probably the most important bit of education that can help get you from where you are to where you want to be financially.

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Create your debt freedom plan

Family Balance Sheet

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. How to Build your Emergency Fund.

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My Life Plan

Family Balance Sheet

A few years ago, we were struggling financially and I felt like our situation was hopeless. At the time, I wasn’t sure how we were going to pay our monthly bills, so future plans like funding our retirement , our daughters’ college education, or a lavish vacation were not on my mind. Start saving for college.

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You CAN Choose Wealth

Prairie Eco-Thrifter

If you take post secondary education, consider not only what you enjoy studying, but also what you can do with the education or training you receive from the studies. Consciously determine if your choice of trade or major will allow you to become financially independent. Weigh each decision against your financial goals.

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Make Money Your Hobby

Prairie Eco-Thrifter

Perhaps it would demystify it, remove the taboo, and create a better educated consumer. Find something to motivate you into becoming financially literate. Money stopped being a burden and became a hobby, something I enjoyed and thrived on- literally. I wonder what would happen if more people adopted the money hobby. How to Start.

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