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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

My grown kids are also savers and I have high hopes that the grandchildren will follow their example. Helping the parents teach my grandchildren to save is an ongoing project of mine. This was part of my parent’s plan to turn me into a saver. We could take on debt to grow using other people’s money.

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Eight Things I Learned After Becoming a Millionaire

Prairie Eco-Thrifter

You don’t have to contend with deciding which bill to pay or how to avoid a debt collector’s call or trying to keep the landlord off your back. Most days I try to do some preparation with my sons, daughter-in-laws and grandchildren – to help them learn financial concepts and acquire the ability to wisely manage their money.

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What Is National Financial Literacy Month?

Prairie Eco-Thrifter

Household debt stood at $13,200,000,000,000 at the end of the third quarter of 2010 (according to a 2011 ‘‘Flow of Funds’’ report by the Board of Governors of the Federal Reserve System). Increased financial literacy empowers individuals to make wise financial decisions and reduces the confusion caused by an increasingly complex economy.

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Roth IRA Conversions? Better Wait and See.

Prairie Eco-Thrifter

If they are primary beneficiaries, the parents or guardians may have to go to court and get themselves designated as able to manage the account for the child. That money has to come from somewhere and unfortunately we all just keep kicking it down the road to my grandchildren.

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