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Money Matters: How to Prepare Your Finances for a Recession

Motherhood Moments

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. Prepare for the unexpected. Prepare by paying off debt. Thanks for reading!

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Cutting Down on the Transportation Costs

Prairie Eco-Thrifter

We started by categorizing our bills and spending into groups, such as housing and transportation. We wanted to see where we were spending most of our money, and whether there is any opportunity for us to cut down on any of those bills as a result of the combination of our finances. 187/month car insurance. 400/month gas for truck.

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Minimize Your Impact on the Environment with Your Finances

Prairie Eco-Thrifter

But have you ever considered how you can go green with your finances? There are many different ways our finances can help in the green initiative. Below are the many different ways we can move towards a greener lifestyle with our finances. Saving Money. Have you ever considered saving money to be more “Green”?

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Forget the Small Stuff; Save Money on Bigger Costs

Prairie Eco-Thrifter

In the personal finance world, it’s common to focus on all the small ways you can save money each day. The idea is that small savings add up over time. Cut out that $5 premium coffee from your weekday routine, and you could save $100 per month, $1,200 per year, and $12,000 after 10 years.

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Why I Have Started to Like the Idea of Allowances in Family Finances

Prairie Eco-Thrifter

One the inevitable things that we spoke about during our session was finances. Our finances are not currently combined, but since we became engaged, we have been taking small steps toward at least partial pooling of our money. If you, as the saver of the relationship, want to save yours for a rainy day, that’s completely fine.

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How Downsizing to an Apartment Has Saved Us Money

Prairie Eco-Thrifter

While the cost of living in our new town in Pennsylvania is higher than we experienced in Utah, we are actually saving money each month due to downsizing. Now that we don’t have to pay extra for repairs or for maintenance, we are saving a bit each month. But you don’t have to downsize to an apartment for these savings.

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Travel Tidbits: 2023's Best & Worst States for Summer Road Trips

Motherhood Moments

adults saying they will take some sort of road trip this summer, the personal-finance website WalletHub today released its report on 2023’s Best & Worst States for Summer Road Trips , along with expert commentary. Shopping at grocery stores for dinner instead of restaurants can also save a lot! With nearly 80% of U.S.

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