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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

So, you want to get started on debt repayment so you can focus on other financial goals? Doing this actually gave me the peace of mind that I needed to focus on my financial goals. You will also have more disposable income to devote to your other financial goals. The post The Age Old Question: Should You Pay Off Debt or Save?

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Top Tips for Strengthening Your Money Mojo

Prairie Eco-Thrifter

That last point is a particularly worthwhile goal as worrying about money is a unique brand of distressing. There are lots of great sites, such as this one, that offer great tips on making budgets for all types of people and goals. Get Specific with Goals. You need to flesh out this goal into much more specific ones.

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Small Money Mistakes That Have Big Consequences

Prairie Eco-Thrifter

Not Having an Emergency Fund It is dangerous to spend every cent you earn and not to have buffer against illness, injury, job loss or hard economic times. Not Having a Financial Plan Having clear financial goals helps you control spending and increase savings because you know where you are headed.

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Managing Family Finances: Tips and Strategies for a Better Financial Future

Penny Pinchin' Mom

Emergencies constitute things like: Job loss Medical emergencies Accidents Unplanned large purchases (necessary large purchases) Natural disaster expenses You absolutely need to have this money set aside somewhere it can be easily accessed but also not within your day-to-day reach.

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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

Setting goals and reaching them continues to be enriching and satisfying to me. 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. but rather for the satisfaction of making a positive contribution with my time and effort.

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Should You Accept Family Money?

Prairie Eco-Thrifter

Getting them out of the nest and on their own is a big goal of most parents. Sometimes parents will offer temporary funding to tide the family over in times of unusual circumstances (such as job losses or extreme medical expenses, etc). Plus, with a college education it is more likely that the kids will be on their own quicker.

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Meet Jackie. She and Her Husband Paid off $147,000 in Debt | Debt Free Stories

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We also went through multiple job losses, surgeries, huge car repairs, etc. Who initiated the debt free goal? We actually talk about money and our short- and long-term financial goals a lot, but not so much about spending. What are your financial goals now? to a high of maybe $80,000/year. Get creative.

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