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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

Rules of thumb are often used to make various financial decisions. While they can be helpful when it comes finding a starting point, rules of thumb should be approached with a degree of skepticism. Rules of thumb can be useful in terms of starting points for deciding on what to do next. So, What Can You Do?

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

Penny Pinchin' Mom

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. From a personal point of view, I much prefer living debt free. High interest charges make it harder to put money aside for saving.

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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

but rather for the satisfaction of making a positive contribution with my time and effort. Many millionaires, me included, spend years of their life working and building up their wealth to reach the point where they have those millions. What Makes You Feel Wealthy? A fulfilled life, to me, is a life of accomplishment.

Money 247
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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. Making an intention to be ‘better with money’ is a good one, but way too vague. It makes us think of sacrifice, giving up all the fun stuff and obsessing over every dollar we spend. Define Your Weak Spots.

Money 113
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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

This emergency might be one related to a natural disaster, or it might be a financial emergency, such as a job loss. Know where these items are, and make sure other family members know as well. My son knows that there are two meeting points out (depending on whether he leaves out the front or out the back) in our neighborhood.

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10 Things To Do When You Lose Your Job

Prairie Eco-Thrifter

Guest Post Author Bio: Kylie Ofiu is the author of 365 Ways to Make Money. She blogs about ways to make and save money as well as what she is up to at her blog www.kylieofiu.com. Check your contract though, because if you are going to be charged a large fee or be charged the full term anyway, there is no point in cancelling it.

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How to Handle the Stock Market Roller Coaster Ride?

Prairie Eco-Thrifter

Today (8/10/11), the DOW Industrial Average cascaded down another 500 or so points – the third significant drop in the past week. Even if you aren’t invested in the market, you wonder if this will ripple down to you in the form of more job losses, higher prices, inflation, benefit reductions and belt cinching.

Recession 176