Motherhood Moments

JANUARY 18, 2023

Prepare ahead of time and create a bare bones budget that includes only your essentials — think food, shelter, clothes, transportation and insurance — so you have a plan in the event that you experience a loss of income or need to cut expenses suddenly. An emergency fund is vital regardless of the larger economic climate.

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. It should be 6x that, and then you have your minimum emergency fund figure. You don’t want your family’s financial security to go down the drain.

Finance Tips 52

Finance Tips Finance Emergency Fund Life Insurance 52

Penny Pinchin' Mom

DECEMBER 17, 2023

If there is such a clause, you should compare the amount payable to what you are about to save from interest to determine if paying off the debt is an overall gain or loss. 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.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52