Penny Pinchin' Mom
DECEMBER 17, 2023
Advantages of Saving Despite Debts Building an Emergency Fund Building an emergency savings fund is the top reason to make saving a priority over paying down debt. Even a small cushion of emergency savings can stop you from sinking further into debt when you are hit with an unexpected expense.
Family Balance Sheet
NOVEMBER 5, 2014
Was there a particular event? Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. We met with a financial planner and he gave us a specific plan to get out of debt with a specific amount of money to put toward debt each month. We do it together.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Prairie Eco-Thrifter
JANUARY 30, 2013
In some cases, you might experience a financial emergency at the same time that you experience a natural disaster. While you can never be completely prepared for the toll an emergency takes on you, it is possible to limit the harm done by an unexpected turn of events. Physical Emergency Preparedness.
Prairie Eco-Thrifter
DECEMBER 6, 2012
It can be tempting, once you have saved a few dollars using the methods above to want to go out and spend the money elsewhere. Medical emergencies, car emergencies, or family situations may arise where you need to dip into your emergency fund. Save Those Pennies. The first place you should stop is the bank.
Prairie Eco-Thrifter
AUGUST 15, 2012
Your home food storage can tide you over in the event of a financial setback, or be part of your efforts for emergency preparedness. However, right now we don’t grind down wheat to use in our regular meals. If you have a garden, much of your produce can be bottled or frozen and used in your food storage scheme.
Saving Cents With Sense
JANUARY 1, 2014
Having money automatically go into your account will help you stick to your resolution and save for your future, such as an emergency fund, a child’s college education, or retirement. Be a savvy spender by using coupons. If you are new to using coupons, I recommend that you check out Couponing: Where to Begin.
Family Balance Sheet
SEPTEMBER 9, 2014
Was there a particular event? I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. No, although we inadvertently used the debt snowball method without having heard of it. Basically, we had a normal life.
Expert insights. Personalized for you.
52 
Let's personalize your content