article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Families are our rock, our support system, and our fans. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Pat S from compounding returns asks Pay Off Debt or Invest for The Future ?

article thumbnail

Emergency Funds: Emergencies Happen When You Least Expect It

Family Balance Sheet

Three to six months living expenses used to be what the personal finance experts recommended, but in today's environment, maybe six months to a year is more prudent. Which comes first: saving for an emergency OR paying off debt? Don't confuse this money with vacation money or new furniture money.