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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Hello and welcome to the 316th Carnival of Personal Finance- Family Edition. Big Cajun Man from THE Canadian Personal Finance Site asks What is Your Financial Plan B? Control Your Cash from Control Your Cash boldly says Your Smart Car Isn’t Saving the World. It has gone on for generations. What do you think?

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What Money Advice Would You Give Yourself If You Could Go Back in Time

Prairie Eco-Thrifter

Me from 15 years ago would get an earful about what not to do, and advice on budgeting and saving and staying out of debt. These are lessons that I try to impress upon my son because I don’t want him to make the same mistakes I made 15 years ago. Don’t Give Your Future Self More to Be Upset About.

Money 209
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How to Make Your Budget Work for You

Prairie Eco-Thrifter

I like travel, I feel it’s important to set money aside for retirement and my son’s college education, and I like charitable giving. In fact, if you identify your values, and use them to direct your finances, you are more likely to stick with a spending plan and feel better about your financial situation at the same time.

Budgeting 218
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The Spending Plan Mentality

Prairie Eco-Thrifter

My retirement account contribution, emergency fund contribution, car payments, utility bills, and mortgage are all set up so that they are paid automatically each month. We want to save enough for retirement. We want an emergency fund. Travel, which my son and I enjoy. First, it involves automation.

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Are You Prepared For An Emergency?

Prairie Eco-Thrifter

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. Some of the items that you should have available to you during an emergency include: Cash. You can augment with other emergency sources as well. Think ahead, and prepare for emergencies.

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Financial Success: It’s Not Always About Your Income

Prairie Eco-Thrifter

We knew we wanted to save for retirement, and that we wanted to keep giving to charity. Our son was growing, and we knew we wanted to provide him with extracurricular activities that made sense for him — music and sports and scouting. It’s not about a higher income; it’s about what you do with your money.

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

Family Balance Sheet

We paid for braces, college tuition for my son, and did fun stuff like traveling while we were paying off debt. I needed to count on myself and support my son, and that meant getting my financial life in order, starting with building an emergency fund for the first time. Building an emergency fund also helps enormously.

Debt 236