Penny Pinchin' Mom

DECEMBER 17, 2023

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. Before I took up my Financial Reboot journey, I was more focused on growing my savings accounts as opposed to paying off debt first.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

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. I have some money in a savings account that is easy to get to, in case I need it immediately. However, I also keep emergency funds in a taxable investment account.

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Prairie Eco-Thrifter

OCTOBER 7, 2014

Lots of little changes can add up to big results, like a fatter savings account, more contributions to retirement funds , the means to do really cool stuff and just greater peace of mind. 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.

Money 113

Money Goals Budgeting Budget 113