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How We Frugal-ed in June 2023

Family Balance Sheet

2 – We opened up high-interest savings accounts and earned $250 in interest. We are in what I call our “shovel season of life” Our oldest daughter leaves for college in the fall of 2024 and we have a big savings goal to hit before then. In total, we have made $250 in interest since April.

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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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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

What if you’re unable to rent out your property? You may suddenly have tenants who can no longer pay their rent, while you may still have a mortgage of your own to pay. Or you may not be able to rent the home out for as much as you could before, as incomes decline. What if you get a tenant who pays late or damages the property?

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7 Best Investments in 2024

Savings Corner

In the video below, learn more about how investing harnesses the power of compound interest, and differs from saving. High-yield savings accounts Online savings accounts and cash management accounts provide higher rates of return than you’ll get in a traditional bank savings or checking account.