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? And what happens when you add in property taxes, utility, home insurance, and maintenance?

2013 175

2013 Life Insurance Insurance Debt 175

Prairie Eco-Thrifter

JANUARY 16, 2012

If you’re one of the many people who can’t afford to put down the preferred 20% down payment, then you will be required by the lender to get mortgage insurance. The Definition of Mortgage Insurance. 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).

Insurance 156

Insurance Home 2012 Job Loss 156

Prairie Eco-Thrifter

MAY 30, 2012

A budget provides you with a financial roadmap to get to where you want to be in life. 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 Being Properly Insured You are the wage-earner, the care-giver, the home-maker, whichever of these titles you hold. Look into effective health, disability and life insurance plans.

Money 190

Money 2012 Emergency Fund Debt 190