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How to Create a Family Balance Sheet + Get a FREE one for your family!

Family Balance Sheet

You’ll know how much is in your checking and savings accounts and your retirement accounts. There was a time our spreadsheet reflected a lot of debt and not a lot of savings. But as we worked our way through our Debt Freedom Plan , we watched our debts fall and our net worth climb.

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Five Home Renovation Savings Tips

Prairie Eco-Thrifter

When I redid ours, I used that spray meant to re enamel tubs to re-finish the vanity tops. I sanded and re-stained the wood cabinet and fashioned a matching frame for the mirror out of molding strips from Lowes that I got for about $3 each. Garage or estate sales. Thrift shops. Make it yourself items. Craigs list.

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Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

The proverbial saying ‘money doesn’t grow on trees’ is used by many a parent in denying some wished for item to their children. The trees are your investment accounts. Put the savings you made at the grocery with coupons into the savings account. Care for your investments and savings.

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10 Must-Know Personal Finance Tips for Moms’ Financial Success

Penny Pinchin' Mom

They already have savings accounts that they don’t know about. I send in $50 every month to each of their accounts. How much money do you want to send to your retirement account by the end of the year? Again, you’re not alone with this problem. Find yours and use it to make extra cash.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Because we only have a week to show results, and because savings account interest rates have been near zero each year since camps started, I have routinely given the jar 50% interest. Trepidation about having the grand-kids open a savings account. Both are now old enough to open a bank savings account.

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Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

David presents Wired Capital Markets posted at Wall Street History , saying, ” Looking into the workings of modern securities markets is like looking under the hood of a Prius hybrid car. It’s modeled much like Michael Pollans Food Rules with many one-page rules that give short but useful tidbits of information.

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Our 2018 Financial Goals

Family Balance Sheet

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. This will take us most of the year.