Remove Emergency Fund Remove Financial Goals Remove Job Loss Remove Saving
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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? However, if you pay off these debts, there will be nothing left for investments in these tough financial times.

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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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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Controlling careless spending of even $5-10 a week and putting it into savings, can add up significantly over time. Many people think they have no choice in this but the reality is, most people can find small ways to cut spending so that they can put a small regular amount into savings. Make establishing an emergency fund a priority.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

Family Balance Sheet

We also went through multiple job losses, surgeries, huge car repairs, etc. 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. Building an emergency fund also helps enormously. Get creative.

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