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How to Prevent Three Common Disastrous Personal Financial Mistakes

Prairie Eco-Thrifter

A financial advisor told me recently that the thing that really made him upset was that nearly every new client he spoke to was making the same disastrous personal finance mistakes. So let’s look at the most common personal finance mistakes and what you can do to prevent or fix them. Should You Save Or Invest Your Money?

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Saving Your Pennies For A Rainy Day

Prairie Eco-Thrifter

Then, roll the change, take it to your local bank and deposit the change in your savings account. One of the most effective ways of saving change is to have it removed from your paycheck automatically. Set a specified amount, say $25 per pay period, to be deposited into your savings account. Automatic Deposit.

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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

The economic effects of the recession of 2008 are still very much upon us. While this may be one of the quickest ways to sock away money for the purpose of debt reduction, it’s likewise the least pleasurable. Sometimes shopping around may be an easy fix. Use a savings account to pay down debts.

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What Is A Personal Loan?

Savings Corner

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

While legally that’s true, in practice passive income may take other forms. In practice, you may do some or all of the work upfront, but passive income often involves some additional labor along the way, too. Non-dividend-paying stocks or assets like cryptocurrencies may be exciting, but they won’t earn you passive income.

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Should You Save Or Invest Your Money?

Prairie Eco-Thrifter

In today’s tight economic climate, many people wonder what is the best method of improving their financial position. In this article we will look at the pros and cons of saving and investing, as well as reducing debt, as a means of gaining financial security. Save or invest? What do you do?

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Ways to Build Credit Without Relying Solely on Credit Cards

Prairie Eco-Thrifter

For one person, a low score might be due to late payments or collection accounts. Another person may have “thin” credit – that means insufficient information has been reported and FICO is unable to assign a score. Consider opening an account at a local credit union. no-fees) on checking and savings accounts.