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Three Expensive Sources of Quick Cash

Prairie Eco-Thrifter

What happens if you are hit with an expense that you can’t afford, and your emergency fund just isn’t up to scratch yet? Unfortunately, these sources of quick cash are among the worst possible ways to fund your emergency. Tax Refund Anticipation Loans. What to Do Instead.

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How I’m Managing our Family Budget during the Pandemic

Family Balance Sheet

I have written often about the importance of an emergency fund. I’ve shared before that April is the most expensive month of the year for us because our homeowners/auto insurance and property taxes are all due, along with any federal or state taxes that we might owe. 2 – Start stockpiling food.

Budgeting 246
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Are You Heading for Financial Disaster?

Prairie Eco-Thrifter

See if you can identify with any of these statements: I spend more than I earn I don’t have a household budget I use credit cards all the time to buy everyday essentials like food, gas, transport. Also include an emergency fund and contributions to a retirement account, even if just small amounts at first.

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How to Start a Budget (and be successful at it!)

Family Balance Sheet

Many years ago, our cash flow sucked, we put Christmas on a credit card, and I wasn’t sure how I was going to pay for a large tax bill. A zero-based budget is planning for every single dollar of after-tax income. If your paychecks are inconsistent, you will need to cautiously estimate your after-tax income.

Budgeting 133
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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Tax Rebate Blog: How Much Can you Earn Before Paying Tax in 2011 Tax allowances and brackets change each year. This post shows highlights how much you can earn before you need to pay tax. Personal Finance Whiz : What Is An Emergency Fund? They knew they needed food but it was mug night!

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P.E.P for the Week of January 17-21/11- Spread the Happiness Edition

Prairie Eco-Thrifter

The Digerati Life shares with us 7 tax strategies that we can actually do all year long. PT Money shares with us 7 new tax laws that we need to know about. Get Rich Slowly shares with us how we can all put money in an emergency fund no matter what our financial situtation is. Just in time for tax season!

January 124
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Reader Question: How Much Money Do I Need To Buy My First Home?

Prairie Eco-Thrifter

The TD Canada Trust recommends two calculations that can help you to assess exactly what you can afford to buy: The Gross Debt Service (GDS) ratio – This approach looks at the cost of your house purchases, including mortgage payments, taxes and heating costs. Any figure above this is considered to be on the wrong side of affordable.

Money 186