Tag Archives for " financial "

Why Do You Need an Emergency Fund?

Do you ever wonder Why Do You Need an Emergency Fund?  It’s easy to wonder if this is important, but also how to make it happen.  We have some tried and true reasons and tips here for you to understand more about why an emergency fund is a necessity no matter what your current financial situation may be.

Why Do You Need An Emergency Fund?  This post tells you all about reasons why everyone needs to start building their fund!

Why Do You Need an Emergency Fund?

Why do you need an emergency fund (part 1) ?

As some of the readers may have noticed, my regular series “How to thrive and not just survive under $30,000 a year” has not been around for a few weeks. One of the major reasons is because of a hard financial lesson I just learned. Most of the information in my blog posts comes from my own personal experience and doing a lot of research to figure out how to run the “business” that is my family the best I can. I have always been of the opinion that you shouldn’t spend money that isn’t yours (i.e.. credit card debt). Over the years, I have learned that building credit is equally as important as paying your debts. For that reason, we have embraced using credit cards in a controlled way.Continue reading

August 10, 2016

How to Start Building an Emergency Fund?

After sharing with you about my own emergency fund needs, I am now ready to help you learn How To Start Building An Emergency Fund as soon as possible!

Learn How To Start Building An Emergency Fund that will help you manage no matter what happens in life! Our tips are ideal for keeping you in budget!

Last week I talked about creating an emergency fund and why it is so important. Now let’s talk about how to jump in and get started.

How much should you save? This is an easy, yet highly individual question. Depending on how out of out of debt you already are and what the job market is in your field and area. Generally I would say 3-6 months is a safe bet, but 6-9 is probably best. Take a hard look at your budget and decide what your needs in an emergency savings fund. What could you drop? What would be added in? Now figure out how many months you are saving and start planning! For our family, we have to repay our “emergency” emergency loan from family first, then start in on building a future fund so we aren’t stuck again.

How to Start Building an Emergency Fund?

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March 18, 2016

How to Budget Your Money

Learn How to Budget Your Money with these tips.  Learn to thrive on lower income like we do on $30,000 or less per year!  A great budget tool!

Are you thinking about getting your finances under control and tightening up your belt to achieve some goals? Then first thing’s first, you need a budget! Goals are great, but you need to know where you are starting to know where you’re going to end up and how to get there.

There are two ways to on How to Budget Your Money. First, would be listing out all of the possible spending categories (payables) and plugging in your “take home” income (receivables). The other is the reverse. List out all of your monthly expenditures and then divide your monthly income up accordingly. Personally, I think there is no “right” or “wrong” way but only a matter of preference and what actually works for you.

How to Budget Your Money

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November 21, 2015

Frugal Living Tips this Christmas Season

Frugal Living Tips this Christmas Season

Living Under $30,000 During Holiday Season

It’s no secret that it is getting to be that time of year… Christmas is coming soon! As a person who lives a frugal lifestyle, it is hard to get excited about events that inevitably make me step outside of my financial comfort zone. While it is a lovely thought to believe that you can be immune to the inevitable push to spend money during the holidays, it is impossible in this day and age did not find yourself pulling out a credit card at every turn. Looking realistically the holidays you must prepare yourself for two things: 1) You WILL spend more money than you should, and 2) You may think you are prepared, but you are not. So taking those things into account, what can you do to truly be ready for Christmas while living a frugal lifestyle? Here are my tips for you:

1) Get to know who you are giving gifts for. One of the easiest ways to overspend on a gift from is to either give a gift card, or continue to add to a present because you don’t feel it is good enough. One of the areas that I find hardest to buy for every year is your family. Especially your parents and siblings. You have been buying gifts for them your entire life and you probably run out of ideas. Try taking a step back and think about who they really are. Think about some of the little things that they like. Has your mom always dreamed of going to Paris? Is your sister a big Disney fan? What about your dad? Get creative with your thinking. One of my favorite places to look for unique personalized gifts is ETSY. Maybe you get mom individual photos of letters that spell out “F-A-M-I-L-Y” and frame each letter? Even better, maybe you get your camera out and take those pictures yourself? I’m sure there are plenty of signs around that have different fonts that could be used! And the sister who loves Disney? Have you checked eBay lately to see if you can find any fun vintage Disney memorabilia on there? Guaranteed she doesn’t have it already and she’ll love it! You don’t have to break the bank to get her something fun and unique that speaks to her personally. What about dad? Does he love to read? Maybe a couple magazines subscriptions would be a gift that keeps on giving throughout the year for him.

The flip side is also true, buy generic gifts throughout the year as you find them on clearance. Most of my non-perishable stocking stuffers were bought the year before on after-Christmas clearance. I also keep a well stocked gift closet that is almost always full of items purchased throughout the year at 70% off or more. That way no matter who springs a gift or party invite on me, I will not have to break the bank to give a gift.

Finally one of the biggest changes in our household after we had kids was instituting this giftgiving criteria: NEED it, WANT it, WEAR it, READ it. Each of us asks for one gift in each of the categories. The kids often ask for several in each category, but only receive one gift per category. Not only does it create a way to talk about conscious consumerism with your kids, it makes each gift special and appreciated. Part of living a frugal lifestyle is learning not to spend money outside of your means, but the other side of that is knowing that some things are more important than money. Is having another toy (or 10 more toys) more important than having Mom and Dad be able to watch you play baseball or be home for dinner? Is it more important to spend family money on more than you need to get more than you want when the money could be spent on those who don’t have the things they need? It is hard for kids to understand the bigger picture because their worlds are smaller, but getting them to view money in a smarter more conscious way at a young age is one of the best gifts you can give them.

The matter how you choose to spend your money during the holidays, making frugal money decisions will always come from a place of thought and planning. Avoid spending at sales for just the sake of getting great deals. While I am all for getting a great deal, it is very tempting to buy things that you do not truly need just because you’re getting a good deal. Also, try to avoid using credit cards if it all possible. There are clever ways to use credit cards to achieve better financial results, but during the holidays commonsense to it seems to take a backseat to consumerism. Think before you spend! At the end of the day, it is better to focus on the things that are most important at the holidays. When it comes to giving gifts, a plate of warm cookies and a up of coffee shared with a friend can be just as wonderful as anything you find on Black Friday.

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Read part 1 of Angie’s Living on $30,000 Best Frugal Tips on Thriving and (not just surviving) on $30,000 a year!

Basic Home Budgeting

Part 2 – Basic Home Budgeting

How to Budget Monthly

Part 3 – How to Budget Monthly Finances Wisely

How to Not Spend Money

Part 4 – How to Not Spend Money

Smart money saving tips to get your debt under control.

Part 5 – Smart Money Saving Tips to Control Your Debt

Money Management Skill

Part 6 – Money Management Skill

couple money talks

Part 7 – Why Couples Should Talk About Money?

Find out the secret on How to Use Your Tax Refund to Build Wealth

How to Use Your Tax Refund to Build Wealth

How to Manage Food Budget for Family?

How to Manage Food Budget for Family?

Budgeting for a New Baby

Budgeting for a New Baby

Dating on a Budget Ideas

Dating on a Budget Ideas

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Angie Rumpf

I am a stay at home mom and happily married to my husband Tom. I have a five year old daughter and a two and a half year old son. I grew up in Orlando, but went to school in New York City and lived in Los Angeles before moving home to raise a family. I have worked in the film industry since the early nineties, and for over a decade with the Florida Film Festival. I also spent many years working in marketing with Glaceau and Honest Tea. But, I am happiest at home building my family.

For more Best Frugal Tips, read these:

get rich

How to get rich in 5 minutes a day

frugal ways to save money

Frugal Ways to Save Money: Getting Out of Debts

30,000 image.jpg

How to Save Up Money: Tips for Living on $30000 or Less

living

Living on 30000 or Less: Raising a Family of 6

large-family

Living on 30000 or Less: Raising a Large Family

How to Start Building an Emergency Fund?

How to start an emergency fund

August 22, 2015

10 Money Saving Tips for the Newly Frugal

10 Money Saving Tips for the Newly Frugal

10 Money Saving Tips for the Newly Frugal

Congratulations! You’re taking your first steps towards getting your finances in order by making a conscious choice to live frugally! It may seem overwhelming, but there are many quick changes that you can make your lifestyle it will help you start to live frugally life and see big changes to your bank account immediately. These 10 money saving tips will help all of you who are just starting to live frugally. Continue reading

August 22, 2014

7 Secrets on How to Budget Money Successfully

How to Budget Money Successfully

how to budget money

There are many secrets on how to budget money successfully, but these are the ones that have worked for me! It’s important to be flexible, and to understand that learning a new budget will take time. Be okay with that fact, and things will run smoothly (or at least smoother than they would have originally).

7 Secrets on How to Budget Money Successfully

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