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Should You Accept Family Money?

Prairie Eco-Thrifter

I thought there would be ‘strings’ attached to the use of the money. Daughters and sons of very wealthy families sometimes want to disown the family wealth in order to prove themselves. If you understand why your parents are offering support, you may make a better decision on whether or not to accept it.

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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. 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. I used to worry about what would happen to my kids if my spouse decided to move on.

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

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For example, it took us about 3 years to pay off a combined $17,000 in credit card debt, but later we managed to pay off twice as much in 3 years on about the same income. Your money stays yours, so you can make it work for you. We also went through multiple job losses, surgeries, huge car repairs, etc.

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