Motherhood Moments

JANUARY 18, 2023

An emergency fund is vital regardless of the larger economic climate. Assess your emergency savings today and explore ways to bolster them through possible side hustles or gig work. Generally, you want to aim for an emergency fund of three to six months of expenses. Prepare for the unexpected.

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Recession Finance Emergency Fund Debt 100

Motherhood Moments

MARCH 4, 2023

Smart money hacks for the debt-averse individual Here are some of the easiest and most effective strategies to get you started on the road to financial success. Knowing where your money is going is the first step toward making wiser spending decisions. Just because you have the money doesn't mean you have to spend it all.

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Penny Pinchin' Mom

DECEMBER 17, 2023

I have a bunch of lovable relatives (my nuclear family) who believe we are somehow made of money. You want people to live a quality life, and you want them to enjoy that life, and that requires some spending money. It should be 6x that, and then you have your minimum emergency fund figure. Family finances can be tricky!

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Finance Tips Finance Emergency Fund Life Insurance 52

Savings Corner

DECEMBER 25, 2023

Saving enough money for the future starts with a plan. Whether you’ve set your sights on a new car, wedding or emergency fund, chipping away at the cost little by little can help you get there. Savings goal : The amount you want to save — whether it’s for an emergency fund, short-term goal or long-term goal.

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Calculators Goals Emergency Fund Financial Goals 52

Penny Pinchin' Mom

MARCH 11, 2024

The post How to Save Money Fast – My Top 20 Tips appeared first on Penny Pinchin' Mom. Munger so aptly puts it, learning how to save money fast is an education in and of itself. Munger so aptly puts it, learning how to save money fast is an education in and of itself. ” – T.T. Munger As T.T.

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Saving Money Money Saving Credit Cards 52

Prairie Eco-Thrifter

JULY 22, 2014

There’s a lot of anxiety around money- not having enough, worrying it will run out, keeping it safe, etc. When I worked as a singer on a cruise ship, I made more money than I ever had before. By maintaining a cash cushion in the form of an emergency fund, I feel protected rather than anxious when returning to the unemployment line.

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Money Unemployment Emergency Fund Couch 219

Prairie Eco-Thrifter

JULY 28, 2014

Those books, Kiyosaki’s Rich Dad, Poor Dad , Ecker’s The Millionaire Mind , Orman’s Money Book for the Young, Fabulous, and Broke , among others, became the catalyst for a brand new personal hobby… money. Money stopped being a burden and became a hobby, something I enjoyed and thrived on- literally. Money Tips'

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Hobby Money Making Goals 189

Family Balance Sheet

AUGUST 11, 2016

I’m on this journey to financial wellness with you and every weekend, I pack the newsletter with budgeting inspiration, money-saving tips & ideas, and frugal, yet tasty recipes. A few of my favorite personal finance books: The Total Money Makeover: A Proven Plan for Financial Fitness , by Dave Ramsey. And Read some more.

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Emergency Fund Money Finance Debt 100

Prairie Eco-Thrifter

JANUARY 19, 2015

Yet, too often we make excuses not to save money, or we feel like our budget is just too tight to save. There are tricks you can use to save more money even IF your budget is very tight. Earmark this money for an emergency fund, a new car fund, a vacation fund, whatever you would like.

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Money 2015 Emergency Fund Bills 100

Family Balance Sheet

MAY 6, 2020

We’ve had several instances over the years that have shaped how we viewed and managed our money. Our emergency fund. I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. Our first storm: 2007.

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Debt Emergency Fund 2007 2020 130

Family Balance Sheet

APRIL 9, 2021

There were a lot more fun and purposeful things we could have done with that money than pay the lender. We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. But $1000 was not nearly enough money to cover sudden emergencies in both our home and business.

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Debt Emergency Fund 2019 Debt Free 130

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. This small money mistake has a sub-section – accepting the so-called ‘free’ credit card upgrades or new cards. It’s wasted money.

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Money Emergency Fund Debt Financial Goals 235

Family Balance Sheet

JUNE 24, 2021

I built a monthly system to set aside money specifically for our yearly bills and while I still dread writing those large checks, I am no longer paralyzed by it. Years ago, April sent me into a panic and a scramble to find the funds. With this change, I knew that I needed to be responsible for setting this money aside each month.

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Bills Budgeting Budget Emergency Fund 130

Prairie Eco-Thrifter

MAY 20, 2014

In the last few weeks, I’ve had three different friends come to me with a good problem to have: They have piles of money, but they have no idea what to do with that money. What has my money done for me lately? When you think about money as a tool, an as a means to an end, it doesn’t make sense to let it sit idle.

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Money Emergency Fund Work Advantage 200

Prairie Eco-Thrifter

JUNE 11, 2014

It’s fun to watch your account grow, but at the same time, if you have different goals for the money, having everything in one account can be problematic, since you aren’t able to identify which money is earmarked for a specific goal. I do this with my emergency fund. Break Out Your Objectives.

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Prairie Eco-Thrifter

NOVEMBER 30, 2014

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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Virginia Money Real Estate Growing 160

Prairie Eco-Thrifter

MARCH 14, 2013

Now is the time to watch every penny that you spend, so that you can purchase more in the same budget or even better, put that money in emergency funds. Well, I can tell you a number of ways to save money on household expenses. If so, you are paying extra money. You just need to put them in practice.

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Saving Money Money Bills Insurance 222

Penny Pinchin' Mom

DECEMBER 17, 2023

The problem is, every time I sent money to my savings account, I would mentally think about how much that amount would have reduced my debt. High interest charges make it harder to put money aside for saving. This makes it easier to save money, invest for a more long-term financial goal, and even add to your retirement savings.

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Pay Off Debt Debt Emergency Fund Financial Goals 52

Prairie Eco-Thrifter

MAY 25, 2014

We like to say that hindsight is 20/20, and this is especially true of money. The money advice I would give a younger version of myself falls into two categories: “What were you thinking?” While my parents talked about saving money and only spending what you have, the lessons were more abstract than practical.

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Money Giving Las Vegas Credit Card Rewards 209

Family Balance Sheet

NOVEMBER 5, 2014

What are the top 3 – 5 ways you found money to put towards debt. Because we wanted to get out of debt as fast as possible, we stopped saving money after we had an emergency fund in place. We all the extra money we had been putting away toward debt reduction. For us, it was saving money.

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Debt Free Debt Emergency Fund Finance 241

Family Balance Sheet

MARCH 19, 2014

There is so much we could do with that money other than pay the lender. Save $$$ Home Emergency Fund – Dave suggests to start at $1000, but being self-employed, ours is much higher, but it is not quite 3-6 months of expenses. Increase our emergency funds for the home & office to 3 – 6 months worth of expenses.

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Debt Money Emergency Fund Goals 100

Prairie Eco-Thrifter

JUNE 30, 2014

My fiancé’s financial goal is to save up money for incidentals and emergencies (over and above our current fully-funded emergency funds), and then buy a really good truck and perhaps a boat with anything extra that hasn’t gone toward retirement or the emergency funds. Money Tips'

Financial Goals 189

Financial Goals Goals Emergency Fund Finance 189

Prairie Eco-Thrifter

OCTOBER 20, 2014

How much do you tolerate to save money? Good thing we have that emergency fund because this won’t be cheap to fix. It depends on what other things require your money and attention and time. What are some of the things you have put up with over the years to save on money? Money Tips'

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Saving Money Money Saving Emergency Fund 162

Prairie Eco-Thrifter

JANUARY 1, 2013

Lack of An Emergency Fund . One of the most common disastrous finance mistakes is not having any sort of financial back-up for emergencies. Experts recommend an emergency fund of at least six month’s salary as essential, especially if you are struggling to make ends meet. Should You Save Or Invest Your Money?

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Emergency Fund Credit Cards Personal Finance Finance 272

Prairie Eco-Thrifter

MAY 26, 2016

To learn to live within your means is one of our primary family money values. Each year I bring them together in my Grandma Rie’s Money Camp and focus on different aspects of personal finance, with saving being a focus in each camp. Why would they want to save their money to get pennies a year on their principal?

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Money Saving Money Lowes Grandchildren 124

Prairie Eco-Thrifter

MARCH 25, 2013

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. You write a check for the amount of money that you want, plus a fee for the loan.

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Emergency Fund Taxes Cars Car 221

Family Balance Sheet

OCTOBER 18, 2019

After years of scrimping and saving and not spending extra money on things, we have achieved the biggest financial goal we have ever set for ourselves in our 19 years of marriage. 1 – Save a starter Home Emergency Fund. We have definitely dipped into this fund often, so I’m glad I strayed from his advice here.

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Debt 2019 Financial Goals Emergency Fund 100

Penny Pinchin' Mom

JANUARY 16, 2024

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. I’m not talking about becoming a CPA or a Wall Street guru.

Personal Finance 52

Personal Finance Finance Tips Finance Mom 52

Prairie Eco-Thrifter

JANUARY 10, 2013

Working to build your emergency fund? Read up on emergency fund basics at Money Smart Guides. If you need more incentive, check out I Heart Money’s 5 reasons to start a budget for 2013. How much money can you live off of? Dragging your feet on finally setting a budget? What are you waiting for?!

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Emergency Fund Debt Student Fridays 193

Family Balance Sheet

JANUARY 1, 2015

This is the year that we will control our money and our debt and fear will not control us. I’ll continue to offer additional money saving tips, ideas, strategies and recipes like I always have, but I have some new themes that I will be starting next week. In 2015, Let’s Take Control of Our Money.

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2015 Money Debt Home and Garden 100

Prairie Eco-Thrifter

JANUARY 16, 2014

Those of us who had stocks , bonds, and mutual funds saw our net worth rise, but many (perhaps as many as 50% of us, according to CNN Money article M illions see no benefit from soaring stock prices ) missed out. Doing market purchases as a group in no way guarantees that you will make money, my father-in-law didn’t!

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Emergency Fund Debt Money Father 184

Prairie Eco-Thrifter

MAY 21, 2013

Since living expenses consume a considerable portion of most people’s income, it is a good idea to put a lot of thought into the decision and where your money is ultimately going. A general rule of thumb is that your property needs to appreciate at least 10% in order to avoid losing money in a sale. Maintenance fund.

Home 186

Home Emergency Fund Buy Buying 186

Family Balance Sheet

OCTOBER 18, 2014

Day 4: Day 5: Day 6: Day 7: How Much Money is Coming In? Day 8: Where is Your Money Going? Day 10: Create a Personal Escrow Fund. Day 13: Create an Emergency Fund. Day 14: Create a Gift Giving Fund. Day 16: Allow Yourself some Fun Money. Thanks for understanding!

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Finance Organic Organization Emergency Fund 124

Prairie Eco-Thrifter

NOVEMBER 8, 2012

It’s true that what I do with money technically amounts to a budgeting technique, but the idea of a traditional budget has never appealed to me. Spending Plan = Me In Charge of My Money. The spending plan terminology, though, makes me feel as though I am in charge of what’s happening with my money.

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Emergency Fund Budgeting Budget Psychology 202

Prairie Eco-Thrifter

JULY 10, 2014

I don’t like budgets myself, and actually refer to what I do with my money as a “ spending plan.” ” But budget or spending plan, the reality is that it can be hard to stick to your money commitments when something else comes along. Then, stop spending money on stuff that doesn’t fit with your core values.

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Budgeting Budget Work Making 218

Prairie Eco-Thrifter

NOVEMBER 4, 2013

You need to know how much money you have coming in and how much needs to be paid out and to whom and by when. Another important aspect of your budget should be an emergency fund. None of us know what the future holds and if you get sick or have an accident, you need to have money available until you can return to work.

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Graduation Making Emergency Fund Budgeting 210

Prairie Eco-Thrifter

FEBRUARY 4, 2014

While a higher income can certainly help you get your feet back under you, ultimately it doesn’t matter how high your income is if you don’t manage your money appropriately and live within your means. Now, all of a sudden, we had enough money that we could try nicer restaurants. Money Tips' We make plenty!”

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San Francisco Emergency Fund Money Utah 248