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

Penny Pinchin' Mom

The post Managing Family Finances: Tips and Strategies for a Better Financial Future appeared first on Penny Pinchin' Mom. Family finances can be tricky! I have a bunch of lovable relatives (my nuclear family) who believe we are somehow made of money. You need the entire family pulling in the same direction.

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Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

The proverbial saying ‘money doesn’t grow on trees’ is used by many a parent in denying some wished for item to their children. Well, kids, your parents lied to you – money does grow on trees. A money tree starts out growing slowly, so small at first that you don’t even think it is there.

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

Penny Pinchin' Mom

However, if you have been following me, you know that I am quite serious about finding ways to not only get out of debt but also how to create a budget (and stick to it) as well as how to save money without necessarily depriving your family of the quality of life they deserve. Knowing this difference will show you where you stand financially.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

To learn to live within your means is one of our primary family money values. Instead of saving, we could take some bigger risks to try to grow our money. But, with each of the above, you lose the use of that money and often have little chance of even getting it back, let alone making it grow.

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Our 2018 Financial Goals

Family Balance Sheet

We bought a used pop-up several years ago and it was one of the best decisions for our family We absolutely adore camping, and we’d like to upgrade to a travel trailer. You can only cut so much from a budget, so to increase our cash flow, we’ll need to earn extra income by growing our small business and growing my blog.