Prairie Eco-Thrifter

JANUARY 1, 2013

A financial advisor told me recently that the thing that really made him upset was that nearly every new client he spoke to was making the same disastrous personal finance mistakes. So let’s look at the most common personal finance mistakes and what you can do to prevent or fix them. That was me, at any rate.

Emergency Fund 272

Emergency Fund Credit Cards Personal Finance Finance 272

Penny Pinchin' Mom

FEBRUARY 16, 2024

How much of that do you have saved up as we speak? The simple truth is that not many people have enough money saved up to buy a car. That’s why a vast majority of us go the financing route. If you do choose to go for the pre-owned option, you will be saving yourself a bit of money! It’s quite simple.

Car 52

Car Cars Bank Banking 52

Family Balance Sheet

MARCH 26, 2021

If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. What helped us through that time was the money we had saved in our emergency account.

Emergency Fund 130

Emergency Fund Building 2007 Credit Cards 130

Prairie Eco-Thrifter

DECEMBER 6, 2012

We have all heard that age old adage “save your pennies for a rainy day,” but many of us never do it. Saving money can be a bit of a difficult challenge, especially if you are in a household that lives paycheck to paycheck like so many do. Many people think that it is too hard to put money away.

Bank 265

Bank Banking Money Saving 265

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. From a personal point of view, I much prefer living debt free. The saving potential is higher for longer-term loans with high interest rates.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

freestuff.tv

MAY 18, 2011

Yet, despite knowing this, most Americans love to hate a budget and lack the basic money management skill that can help them get back their pending accounts in control. Here are some secret tips in creating a budget that can rejuvenate your personal finances and become debt free.

Budgeting 130

Budgeting Budget Debt Debt Free 130

Prairie Eco-Thrifter

APRIL 25, 2011

The key is to invest the time to teach your kids the right ways to manage their finances. Teach them actionable methods and strategies that will help them learn all of the ropes of personal finance. They would be responsible for making payments on their bill out of the money that they have been allotted.

Bills 174

Bills Finance Budget Budgeting 174

Prairie Eco-Thrifter

JULY 30, 2012

It is a common fallacy that large sums of money are needed to be able to invest for the future. The secret to financial success is actually saving small amounts regularly, even just $5 or $10 at first, and then putting these savings to work for you. Spend most of your money on what you ‘need’ to live.

Debt 202

Debt Budgeting Budget Finance 202

Family Balance Sheet

FEBRUARY 22, 2011

Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Don't confuse this money with vacation money or new furniture money. Absolutely!

Emergency Fund 127

Emergency Fund 2007 Personal Finance Debt 127

Prairie Eco-Thrifter

FEBRUARY 3, 2016

While my spouse and I were in the throes of child rearing we didn’t think much about providing an intentional or structured set of lessons around personal finance. And they will see that you put money aside in savings. Encourage them to save. If they never get to manage the money they save, it is meaningless.

Work 100

Work Kids Bank Banking 100

Family Balance Sheet

FEBRUARY 11, 2016

According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. With little money in their bank accounts, these Americans couldn’t afford these unfortunate expenses without using a credit card or maybe relying on a loan from family and friends.

Emergency Fund 100

Emergency Fund Building 2007 Credit Cards 100

Penny Pinchin' Mom

FEBRUARY 16, 2024

The post What to Do With Money: A Mom’s Guide to Smart Money Management appeared first on Penny Pinchin' Mom. You need to know what to do with money! I’m talking about how to earn, save, invest, and ultimately make your money work for you. Do you have a retirement plan or a healthy savings account?

Money 52

Money Insurance Debt Bulk 52

Savings Corner

DECEMBER 24, 2023

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. A personal loan is money borrowed from a lender that can be used for nearly any purpose. Once you’re approved, the lender will disburse money into your bank account.

Debt 52

Debt Credit Cards Credit College Tuition 52

Family Balance Sheet

OCTOBER 13, 2014

Had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. We reduced our spending where we could, but the money to pay any shortfall each month came from our emergency fund. Your wants and dreams are secondary and need to be saved for separately. Absolutely!

Emergency Fund 100

Emergency Fund Finance Organic Organization 100

For the Mommas

MAY 22, 2012

Rather than finding yourself in a position where you’re relying on credit cards for these expenses – and then wasting your hard-earned money on paying off those cards in the following months – try creating separate sinking funds instead. If there’s no extra money in your budget, there’s still hope, though. Yard Sales.

Craigslist 78

Craigslist West Virginia Bank Banking 78

Prairie Eco-Thrifter

JUNE 11, 2012

Another advantage with bonds is that you can get started with a relatively small amount of money. One of the best ways to invest for your retirement is taking advantage of the tax incentives of retirement accounts. Roth IRAs allow tax-free withdrawals on accounts that are more than five years old. Increase your value.

Taxes 187

Taxes Goals Advantage 401K 187

The Frugal Girl

MARCH 4, 2024

How did you get interested in saving money? I learned to save money by watching my parents. (I I still remember saving my change as a kid so I could “shop” for books at yard sales.) Although my parents never specifically taught me about finances, they lived a frugal life by necessity.

Green And Frugal 177

Green And Frugal Kids and Family Hotel Frugal 177

Prairie Eco-Thrifter

AUGUST 19, 2012

This is a reserve of money for emergencies; leave it alone and don’t go dipping into it for general spending. Consider it insurance and don’t fret that it’s only earning measly interest in a savings account. You’ll save money in interest and reduce your liability if times get tough.

Emergency Fund 222

Emergency Fund Insurance Debt Credit Cards 222

Prairie Eco-Thrifter

JUNE 14, 2012

Take personal finances, for example; too many people over-think their finances, with the result that it all seems too hard. So we just give up on trying to control expenditure and saving. Simple finances work for you rather than against you, so it’s a win-win. Plus you’ll be amazed at how your savings add up!

Simple 221

Simple Finance Budgeting Budget 221