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3 Tips to Help You Manage a Windfall

Prairie Eco-Thrifter

Get Out of Debt. After you have accepted the reality that you actually received a windfall, the next thing you need to do is get out of debt. Pay off all your debt so you can be free of them. Even if it takes up most of the money, you will no longer be bothered with your debt. Investing Your Money. Investing Your Money.

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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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How to Save Money From Salary Without Sacrificing Your Lifestyle

Penny Pinchin' Mom

How much of your salary should you save? Should you just pretend that you don’t have savings and increase your debt ? The 50-30-20 rule is a rule of thumb when it comes to knowing how much of your salary you should save. Either way, you can make your savings account earn you money in the long run.

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What to Do With Money: A Mom’s Guide to Smart Money Management

Penny Pinchin' Mom

Do you have a retirement plan or a healthy savings account? Pay Down Debt Yes, this is a good way to set yourself up financially. Getting out of debt should make the top three of your financial priorities. Besides, paying off your debt and keeping it at a healthy minimum will help your credit score rating.

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Keeping it Simple: Strategies for Financial Security

Prairie Eco-Thrifter

It tells you exactly what you must spend you money on (your fixed expenses and variable ‘needs’ spending), how much is savings and how much you have left over. Your budget helps you manage your debts, get them paid off and stops you getting in any deeper. Start Simple Saving Let’s look at simple saving.

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