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So You’ve Maxed Out Your Emergency Fund – Now What?

Prairie Eco-Thrifter

Personal financiers will frequently advise that you have an emergency fund of 3-6 months of expenses in your bank account at all times. I remember a few months ago when I hit my $10,000 emergency fund target. Once you’ve reached that goal and have a nice, healthy emergency fund in your bank, what do you do next?

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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

Nobody knows for sure whether we’ll see a recession or not,” said Amy Maliga, financial educator with Take Charge America, a nonprofit credit counseling and debt management agency. An emergency fund is vital regardless of the larger economic climate. Prepare for the unexpected. Prepare by paying off debt.

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Create your debt freedom plan

Family Balance Sheet

Becoming debt-free became very appealing and the idea of being able to give more, save more, and live more was the direction we wanted to go. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. Start college funds for our two girls.

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Meet a Reader | Jennifer from Arkansas

The Frugal Girl

My Dad was a blue-collar factory worker with an incredible work ethic (3 jobs at a time to pay bills if needed), Mom (& her higher degree) quit teaching & chose to stay home to educate me & eventually my brother; they started a ministry when I was a year old-we all helped with the maintenance & function of said ministry.

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Over 40 and Worried about Money? Start here!

Family Balance Sheet

The cost of college education is crushing and many parents feel compelled to assist or pay for the entire tuition. It’s FREE when you sign up here for my weekly newsletter. Finding a professional can be overwhelming, but Dave Ramsey just launched SmartVestor , a free resource to help you find an investing professional.

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How to Avoid Financial Disaster

Prairie Eco-Thrifter

Education is the key here. Educate yourself about financial matters as they apply to your circumstances. Start an Emergency Fund One of the biggest things you can do to help avoid disasters is to create an emergency fund. If financial disaster can’t be avoided, how do we at least minimize its effects?

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My Life Plan

Family Balance Sheet

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. Increase our emergency fund to 6 months of expenses. Contribute to our retirement funds. Absolutely!