Savings Corner

DECEMBER 24, 2023

A money market account is a deposit account that shares some checking and savings accounts features. Most banks offer this account type. Money market interest rates are comparable to those found with savings accounts, with the best money market rates around 0.50% APY or higher.

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Penny Pinchin' Mom

MARCH 11, 2024

Entries such as your mortgage, gas, electricity bill, and so on are essential. You can start cutting out these expenses and see how much money you save. I set up a standing order from my checking account to my savings on the first of every month, still at $600. Start Using Cash This is a wonderful way to save money.

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Saving Money Money Saving Credit Cards 52

Prairie Eco-Thrifter

SEPTEMBER 28, 2014

With just one emergency such as a car breaking down or, in the US, a medical bill, many could be in a very precarious position. I know how hard it is to start saving. As the time passed, I was able to figure out ways to save more money and stay on top of my finances. Extra Income Goes Into Savings. I have been there.

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Building Emergency Fund Money Savings Account 225

Family Balance Sheet

JULY 25, 2019

I added the check to our savings. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names. On one morning, I found a $20 bill ON THE BEACH!

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2019 Club July Christmas 113

Family Balance Sheet

OCTOBER 10, 2014

Do you go into panic mode when your car insurance bill arrives? Does your property tax bill give you anxiety? Our homeowners insurance and property taxes are not tied in with our mortgage so we receive those bills and are responsible for paying them instead of the bank that owns the mortgage. That used to be me.

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Finance Property Taxes Organic Organization 100

Family Balance Sheet

JANUARY 11, 2019

Save $10k in a savings account, specifically earmarked for medical expenses. I have yet to write a Medi-Share recap for 2018, but our goal was to replenish the healthcare savings account that we depleted in 2017. Unfortunately, we had a medical event in 2017 and we were on the hook for the first 10k of bills.

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Financial Goals Goals 2019 Health Insurance 100

Prairie Eco-Thrifter

SEPTEMBER 5, 2019

If you’re struggling to save because you’re always tempted to spend all of your money when you receive your wages each month, setting up an automatic transaction that moves some of your income into your savings account when you get paid will help to reduce this problem. 3. Pay your bills automatically.

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Bills Money Bank Banking 113

Family Balance Sheet

NOVEMBER 25, 2019

I added the check to our savings. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names. It was a pretty easy month to find the cash.

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2019 November Club Christmas 130

Penny Pinchin' Mom

FEBRUARY 16, 2024

How much of your salary should you save? What about when your bills are simply pulling you under? Should you just pretend that you don’t have savings and increase your debt ? Your bills are going to be there, and you can’t simply not save money because you have to pay bills.

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Saving Money Money Saving Bills 52

Prairie Eco-Thrifter

JANUARY 19, 2015

Save all $5 bills that you get. Our money was very tight, so I didn’t have much room to save. Instead, I decided to save every $5 bill that I received. I kept those bills in an envelope in my dresser, and I was surprised how quickly the money added up. But, that was just more money for my savings account.

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Money 2015 Emergency Fund Bills 100

Family Balance Sheet

FEBRUARY 9, 2018

We hit our Annual Household Portion (think: deductible) with this medical event and our medical bills started to be paid by the other members’ shares. On the spreadsheet below, you’ll see that the December bills were quite high. A recap of our medical bills for 2017. Payment due to providers: $75,717.82.

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Health Insurance Insurance 2017 Bills 113

Family Balance Sheet

SEPTEMBER 13, 2017

We generally don’t have a lot of medical bills–just the usual stuff like annual physicals, some blood work, and an occasional sick visit. With my husband’s encouragement, we decided to focus on our daughter’s recovery and healing and we would deal with the medical bills when the time came.

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2017 Health Insurance September Insurance 100

Family Balance Sheet

MARCH 17, 2017

The new monthly payment would have left us ‘insurance poor’ On top of that bombshell discovery, we realized the insurance plans that were being offered to us were NOT compatible with a health savings account, a tax deductible savings vehicle offered to those with high deductible health plans. Acts 2:44-45.

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Health Insurance Insurance Health Bills 164

Family Balance Sheet

MAY 25, 2019

I added the check to our savings. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names. It was a pretty easy month to find the cash.

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2019 Club Christmas May 100

Prairie Eco-Thrifter

APRIL 25, 2011

Teach them how to pay bills. If you want to raise a financially responsible child then you need to get them acquainted with bills as soon as possible. You should however teach them the importance of paying their bills in full and on time. This is the money that is left over and can be used to fund their savings accounts.

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Bills Finance Budgeting Budget 174

Coupons Do Work

OCTOBER 3, 2016

Open an NBA Checking account at BBVA Compass Bank and you’ll be eligible to receive up to $125 in gift cards. Open a new, account (that qualifies) with a minimum of $50 on or before December 31st, 2016. Your bonus should be deposited into your account within six weeks of meeting the requirements. Bank of America – $100 Bonus.

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Bank Banking 2016 Bank of America 100

Family Balance Sheet

JUNE 25, 2019

I added the check to our savings. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names. It was a pretty easy month to find the cash.

2019 100

2019 June Club Christmas 100

Family Balance Sheet

APRIL 25, 2019

I added the check to our savings. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names. April was a very easy month for me to find our $100.

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2019 April Club Christmas 100

Family Balance Sheet

JANUARY 11, 2011

Since we use credit cards for almost all of our purchases, we are paying the bills now for our Christmas presents. And even though we have the money to pay the bills off completely, I am still a bit queasy as I push the send button on my online bill payer. What makes me cringe is realizing how much we spent on Christmas in 2010.

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Christmas 2011 Bills Credit Cards 138

Family Balance Sheet

SEPTEMBER 25, 2019

I added the check to our savings. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names. It was a pretty easy month to find the cash.

2019 100

2019 September Club August 100

Prairie Eco-Thrifter

MAY 29, 2013

Pay your bills on time and avoid carrying credit card balances, and you’re well on your way to an excellent score. Put at least one household bill in your name. In general, utility, internet and phone service providers only show up on your credit report if the account is in collections. no-fees) on checking and savings accounts.

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Credit Cards Credit Building Rent 234

Family Balance Sheet

JUNE 4, 2021

Yep, I found a $20 bill while running on the beach! I have used the extra money to pay off debt, fund family trips, or build up our Christmas savings. This money was put into my Christmas Savings account. Finding extra money is a game for me. Through May of 2021, I have found over $6800 for the year!

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Money May Donation 2020 130

Family Balance Sheet

OCTOBER 25, 2019

I added the check to our savings. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names. It was a pretty easy month to find the cash.

2019 100

2019 October Club Christmas 100

Family Balance Sheet

FEBRUARY 19, 2022

There’s a yearly fee and a learning curve, but I love YNAB and it helps me stay on budget and financially organized with our day-to-day checking and savings accounts. Pay our bills in a timely manner. Project short-term cash needs.

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Office Family Finance Kids and Family 130

Family Balance Sheet

FEBRUARY 1, 2013

In an effort to find some extra money to fund our Christmas Savings Account , I'm doing a pantry challenge in February. My goal is to reduce our grocery bill by $200. I took an inventory of my freezer tonight and I started plotting our meals for the month. I'll be posting my progress through out the month. Thanks for reading.

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February Freezers Goals Bills 100

Prairie Eco-Thrifter

SEPTEMBER 26, 2012

Here is what I think would work for me to beat lifestyle inflation: Pretend You’re Not Making More I’ve considered filling out a form with payroll at my work to transfer the difference between what I used to make and live on, and what I now make, into my savings account.

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Debt Goals Money Bills 189

Family Balance Sheet

APRIL 1, 2021

Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Consider setting the money aside in a savings account that isn’t immediately accessible and doesn’t have an ATM attached to it This will help to avoid any impulsive non-emergency spending.

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Emergency Fund Money Finds Friends And Family Sale 130

Prairie Eco-Thrifter

FEBRUARY 9, 2011

Here are a few money scenarios to celebrate: Paying your bills on time. Saving an extra $50 a month. Maxing out your retirement savings account. Paid the bills? It makes you think, “Hey, if I did that today, I could do it again tomorrow too.&#. Eating out less. Paying cash for an item. Trimming your budget.

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Debt Eating Out Bills Cooking At Home 113

Prairie Eco-Thrifter

JUNE 22, 2014

Subtract out those checks, debits, ATM withdrawals, automatic bill payments and keep a current running balance. Save your ‘savings’ You aren’t saving money if you spend less on something and buy something else with the ‘savings’! Why I Use Cash Should You Save Or Invest Your Money?

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Money Mom Credit Cards Bank 217

The Frugal Girl

MARCH 4, 2024

I can’t even imagine how many repair bills from plumbers, electricians, appliance techs, and auto mechanics he has saved us over the years. Now I wish those dollars had gone into our savings accounts. He spent $500 for parts, and we estimated a bill of well over $1,000 had all the work been done at a service station.

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Green And Frugal Kids and Family Hotel Frugal 181

Savings Corner

DECEMBER 27, 2023

Withdrawing from a checking account is most straightforward because there are no tax implications, as there may be with a brokerage account or withdrawal limits that a high-yield savings account would have.

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Debt Refinancing San Antonio Rhode Island 52

Prairie Eco-Thrifter

DECEMBER 6, 2012

Rather, you are looking to cut the cost of your grocery bill. This will help you save money, especially when you take a look at the prices of food today. Now that you know how to save, let’s take a look at how to put the savings away. Saving money is essential. Anytime you find change, throw it in the bank.

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Bank Banking Money Saving 265

Prairie Eco-Thrifter

JUNE 14, 2012

Wouldn’t it be much simpler if you only had a few accounts, maybe a working account and one or two savings accounts? Get a Debit Card The next step to simplifying your finances is to get a debit card linked to your working account, (the one that does the work of paying your bills and expenses).

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Simple Finance Budgeting Budget 221

Prairie Eco-Thrifter

JULY 30, 2012

Your budget will tell you how much you have left over after paying bills; this is how much you can save. Arrange for your savings amount to be automatically deposited into a savings account. This means accommodation, food, utility bills, basic clothing and health care. Grow Your Money Put your money to work.

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Debt Budgeting Budget Finance 202

Savings Corner

DECEMBER 24, 2023

Image source: The Motley Fool Understanding the tax rules applicable to retirees is important even for younger Americans because many decisions to reduce your future tax bill need to be made early. If you don’t want to worry about paying taxes after you retire, use these accounts as your primary retirement savings vehicles.

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Taxes At&T Money Re-use 52

Prairie Eco-Thrifter

JANUARY 1, 2013

Set up a savings account linked to your checking account and automatically transfer a set amount every payday. I was an expert at this; I spent every dollar I earned and juggled multiple credit cards to pay bills and buy whatever I thought I had the money for.

Emergency Fund 272

Emergency Fund Credit Cards Personal Finance Finance 272

Saving Cents With Sense

JANUARY 1, 2014

I have many ways for you to start saving, including couponing, but before you become overwhelmed with the idea, here are 10 tips that are simple, easy and will make you one savvy shopper in 2014, so you can start saving more. 10 Savvy Ways to Save in 2014. Pay yourself first with a savings account.

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2014 Saving Bills Emergency Fund 88