Motherhood Moments

JANUARY 18, 2023

But the possibility of one provides a perfect opportunity to assess your own financial situation and make preparations that will help you weather any possible economic slowdown.” An emergency fund is vital regardless of the larger economic climate. Get ahead of a possible job loss by punching up your resume today.

Recession 100

Recession Finance Emergency Fund Debt 100

Penny Pinchin' Mom

DECEMBER 17, 2023

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. The ideal scenario is that your emergency fund should look to cover at least six months of all your monthly household expenses should you suddenly lose your income.

Finance Tips 52

Finance Tips Finance Emergency Fund Life Insurance 52

Penny Pinchin' Mom

DECEMBER 17, 2023

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. High interest charges make it harder to put money aside for saving. You will need to handle them first, even if your emergency fund is nonexistent.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Prairie Eco-Thrifter

MAY 30, 2012

So, in this article, we’re going to look at 10 small money mistakes that many people make, often unaware of the impact they are having on their financial security. Making Never Ending Payments You know the ones I mean, when you sign up for a product or service that requires a monthly payment, directly debited continuously from your account.

Money 235

Money Emergency Fund Debt Financial Goals 235

Prairie Eco-Thrifter

JANUARY 30, 2013

You never know when an emergency will arise. This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. In some cases, you might experience a financial emergency at the same time that you experience a natural disaster.

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Family Balance Sheet

SEPTEMBER 9, 2014

Your money stays yours, so you can make it work for you. 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. Get creative.

Debt 236

Debt Debt Free Pay Off Debt Financial Goals 236