Penny Pinchin' Mom
DECEMBER 17, 2023
The post Managing Family Finances: Tips and Strategies for a Better Financial Future appeared first on Penny Pinchin' Mom. Family finances can be tricky! Provide your family with a desirable quality of life while still ensuring that your family’s finances are secure for the future. I would know.
Prairie Eco-Thrifter
SEPTEMBER 15, 2014
Managing your finances gets a lot more complex and time consuming. Knowing I had the financial backing to live through negative life events (divorce, job loss, catastrophe, etc) removed a level of stress from my life. I used to worry about what would happen to my kids if my spouse decided to move on. Money Tips'
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Prairie Eco-Thrifter
OCTOBER 7, 2014
When it comes to you finances, are you doing okay, but know you could be doing better? When it comes to money, most of us could stand to up our game a bit. You want to be able to contribute to investment accounts and build up a solid savings to get you through an emergency or unexpected job loss. Money Tips'
Prairie Eco-Thrifter
MAY 1, 2013
Rules of thumb are often used to make various financial decisions. If you lose your job, or encounter another financial setback, 30% of your income might be too much to handle for a mortgage payment — especially if you have other debt. Rules of thumb can be useful in terms of starting points for deciding on what to do next.
Penny Pinchin' Mom
DECEMBER 17, 2023
You are one emergency short of losing track of your finances. I would recommend that you have at least six months to a year’s worth of your monthly expenses saved in the event of a job loss or an unexpected emergency. It’s a question of how to ensure the gains outweigh the losses. What gives?
Prairie Eco-Thrifter
JANUARY 30, 2013
This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. If I need to, I can use the liquid assets to hold me over for three to five days while I wait for my stock transactions to go through for more long-term problems. You never know when an emergency will arise.
Family Balance Sheet
SEPTEMBER 9, 2014
We also went through multiple job losses, surgeries, huge car repairs, etc. No, although we inadvertently used the debt snowball method without having heard of it. We used my app to track our progress while we were paying off our house, and of course I ran a zillion different scenarios. to a high of maybe $80,000/year.
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