Prairie Eco-Thrifter

JANUARY 16, 2012

Mortgage insurance (MI) is not the same as mortgage life insurance (which pays off a mortgage if the homeowner dies or becomes disabled) or homeowners’ insurance (which protects homeowners from loss due to theft, fire or other catastrophe). Private mortgage insurance , orPMI, protects the lender and investor from loss, not the borrower. Genworth Financial for example, offers job loss protection so that you can continue to make mortgage payments if you lose your job.

Insurance 185

Insurance Home 2012 Buy 185

Prairie Eco-Thrifter

SEPTEMBER 15, 2014

My spouse and I were that young, poor couple, sloughing away at our day jobs and scrimping and saving for years to build wealth. 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. They worry about what their money is doing to their children’s ability to attain self sufficiency and to find self-fulfillment without the requirement to go get a job to support themselves.

2014 247

2014 Grandchildren Landlord Thrifty 247

Prairie Eco-Thrifter

MAY 1, 2013

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. What if you estimate your retirement based on how much you are able to save, but a job loss means you can’t set aside money anymore, plus you lose your employer match? Rules of thumb are often used to make various financial decisions.

2013 213

2013 Life Insurance Insurance Debt 213

Prairie Eco-Thrifter

MAY 30, 2012

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. Don’t forget to enter to win an iPad 3 here at PET. You’ve heard “it’s the little things that count”, right? I’m sure everyone can name many little things that have more meaning than a big event in their lives.

Money 235

Money 2012 Emergency Fund Debt 235

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. You never know when an emergency will arise. In some cases, you might experience a financial emergency at the same time that you experience a natural disaster. While you can never be completely prepared for the toll an emergency takes on you, it is possible to limit the harm done by an unexpected turn of events.

2013 211

2013 Emergency Fund Job Loss Transportation 211

Family Balance Sheet

APRIL 12, 2016

It took me five years to pay off my debt but two of those years I had a job loss, I was taking care of my grandparents and I had lost my motivation and drive to pay off the debt. Today’s Debt Free Story is from Jessica. She owns Every Single Dollar , an online financial resource dedicated to helping single women make informed financial decisions and set themselves up for financial success. Tell us about yourself. Where are you from? What do you for a living?

2016 189

2016 Student Credit Cards Finds 189

Prairie Eco-Thrifter

MARCH 23, 2017

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). When I was a young adult, out of college and into my first years of marriage, I cringed at the thought of getting money from my parents. I felt it would give them control over me in some fashion and fiercely wanted my independence. I wanted to prove myself.

Money 124

Money 2017 Kids and Family Family 124

Prairie Eco-Thrifter

OCTOBER 7, 2014

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. When it comes to you finances, are you doing okay, but know you could be doing better? If you answered yes to that question, you are not alone. When it comes to money, most of us could stand to up our game a bit.

Money 113

Money 2014 Goals Job Loss 113

Prairie Eco-Thrifter

OCTOBER 5, 2011

2.) Apply for jobs. I realize the job market it tight, but if you are not applying, you are not likely to get a job. Ensure you spend time on each application by moulding your resume to suit the job you are applying for. Sending out bulk applications for a variety of jobs with the exact same resume is one of the worst ways to apply for jobs. Take the time to apply properly and your chance of landing a job significantly increases.

2011 200

2011 Unemployment Debt Job Loss 200

Family Balance Sheet

SEPTEMBER 9, 2014

After paying off the debt, she was able to quit her job to pursue her passion. I quit my job to focus on my own stuff (blogging, painting, rental property, my iPhone app, writing Kindle books, etc.). Quitting my job is one of the things being debt free has enabled us to do. We paid off over $147,000 in debt (actually way over that amount, if you want to count a $210,000 rental property that I sold at a slight loss.) Welcome to Debt Free Stories.

Debt 236

Debt Debt Free 2014 Kids and Family 236