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How to Save Money Fast – My Top 20 Tips

Penny Pinchin' Mom

Here are my most effective 20 ways of saving money fast so you can start trekking toward your savings goal. Create a Budget You guys know me by now; you know I am all about creating and sticking to a family budget. You can start cutting out these expenses and see how much money you save. Believe me!

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How to Save Up for a Car Without Breaking the Bank

Penny Pinchin' Mom

Not only will that give you something to break down (how much you need to save every day, every week, and every month), but it will also help you visualize the end game; it will help you strategize better. Setting up an automatic savings account system works wonders for me. Let’s say, for example, $500 a month.

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How We’re Using Upromise to Save for College

Family Balance Sheet

I don’t recall why I never used the account, but I guess it just slipped my mind. Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education.

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Tax & Investment Planning Resources at E*TRADE’s Online Tax and Education Centers

Family Balance Sheet

Do you know what tax-advantaged investment options are available to you? When you’re informed, you’ll be able to make better decisions when it comes to tax-advantaged investments, like retirement, health savings accounts, and educational savings accounts. I thought this was very helpful.

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The Age Old Question: Should You Pay Off Debt or Save?

Penny Pinchin' Mom

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.

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Retirement Calculator: Free Estimate of How Much You Need

Savings Corner

Current retirement savings: Enter the total current balances of all your retirement savings accounts, including 401(k) plans, individual retirement accounts (IRAs) and any other accounts earmarked for retirement. Monthly contribution: This is the amount you save for retirement each month.

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Why We Left Traditional Health Insurance

Family Balance Sheet

COBRA (an acronym for Consolidated Omnibus Budget Reconciliation Act of 1985) is a law that was passed during the Reagan administration that allows employees to continue their health coverage after leaving employment, but the employee must pay for it. For example, at that time, maternity was not included in any individual plan.