Prairie Eco-Thrifter

MAY 26, 2016

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. 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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Money Saving Money Lowes Grandchildren 124

Penny Pinchin' Mom

MARCH 11, 2024

We know that saving for a rainy day isn’t just a phrase our grandparents used to throw around. You need to know where the money is going before you can plan on how to plug the holes and use your income better. You can start cutting out these expenses and see how much money you save. But you and I know better.

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Penny Pinchin' Mom

FEBRUARY 16, 2024

It goes: 50% of your salary should go to your expenses and needs 30% should go towards what you want (a new car, a vacation, and all that) 20% should go towards your savings plan So, using this rule, 20% of everything you earn should go toward savings. You can even add it to your emergency savings fund. Imagine that!

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Prairie Eco-Thrifter

JANUARY 4, 2012

If you put a certain percent of your earnings into a savings account, then that fund will grow linearly as well (well, it will grow a little bit, but at what rate, 0.25%??)! Let me try to explain this with a Warren Buffett example. Every week, the job pays exactly the same amount as it did the week before.

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Making Machines Real Estate Money 264

Prairie Eco-Thrifter

FEBRUARY 3, 2016

With so many things that we parents have to teach our children, from using the potty to being a good and decent citizen, it’s no wonder that financial lessons sometimes get pushed aside in favor of more immediate needs in raising our kids. Here are a few that worked for us. Set an example of living below your means.

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Work Kids Bank Banking 100

Prairie Eco-Thrifter

JANUARY 27, 2014

My favourite example of this is the Betterment platform. With Betterment, all you do is sign up for an account. Decide how much to invest initially and if you’d like automatic deposits made to your investment account from checking. There are few things more fun than watching your investments grow!

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Family Balance Sheet

FEBRUARY 19, 2022

My new mission was to manage our money to make sure we used it wisely and stretched it as far as possible. 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. Please let us know in the comments.

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Office Family Finance Kids and Family 130

Penny Pinchin' Mom

DECEMBER 17, 2023

Advantages of Paying Off Debt From a purely financial point of view, it makes more sense to focus on debt payoff rather than directing available cash to a savings account. Before I took up my Financial Reboot journey, I was more focused on growing my savings accounts as opposed to paying off debt first.

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Pay Off Debt Debt Emergency Fund Financial Goals 52

Prairie Eco-Thrifter

JANUARY 30, 2017

The author of Kiplinger article ‘How Money Is Used as a Weapon in Relationships ‘ says: “Money is among the most powerful weapons of control in a relationship.” Yet newlyweds as well as long time married folks may not even be aware of some of the money tricks they or their spouse could be using. Asset hiding.

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Prairie Eco-Thrifter

JUNE 11, 2012

Basic Investment Strategies Here are some of the basic investment strategies that people use: Use the growth strategy where you buy stocks in a company that has great potential for growth. And you can invest the income tax return you’ll likely receive, and in the meantime the funds you’ve invested in your RRSP continue to grow.

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Taxes Goals Advantage 401K 187

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

Family Balance Sheet

MARCH 15, 2017

Looking back, we were grateful for COBRA, even though it was pricey, because it gave us some time to research our possibilities while still insured. For example, at that time, maternity was not included in any individual plan. We did take advantage of one benefit of a high deductible health plan: a Health Savings Account.

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Saving Cents With Sense

JANUARY 3, 2017

Before you know it, you will be saving more in 2015 and become a savvy shopper! 10 Savvy Ways to Save in the New Year. Pay yourself first with a savings account. It is simple to open a savings account if you haven’t already. Be a savvy spender by using coupons. Don’t like to cut coupons?

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New Year's Saving Bills Emergency Fund 40

Saving Cents With Sense

JANUARY 1, 2015

Before you know it, you will be saving more in 2015 and become a savvy shopper! 10 Savvy Ways to Save in the New Year. Pay yourself first with a savings account. It is simple to open a savings account if you haven’t already. Be a savvy spender by using coupons. Don’t like to cut coupons?

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New Year's Saving Bills Emergency Fund 40

Savings Corner

DECEMBER 25, 2023

For example, language teachers and stock-picking advice may use this model. You’ll need to be an expert on a specific topic, but the topic could be niche and use some special skills or abilities that very few offer but that many readers need. The platform then pays you every time someone uses your photo.

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Money Making Real Estate Rent 52

Prairie Eco-Thrifter

SEPTEMBER 28, 2014

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. Starting small and working your way up is very effective and you will see examples of its effectiveness everywhere you look. I put $25 per paycheck into my savings account every second Friday.

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Building Emergency Fund Money Savings Account 225

Savings Corner

DECEMBER 27, 2023

When done responsibly, investing is a great way to grow your money. For example, someone close to retirement with a healthy nest egg will likely have a very different investment plan than someone just starting out in their career with no savings. Transactions from a savings account are limited to six per month.

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Real Estate Bank Banking Money 52

Prairie Eco-Thrifter

JUNE 18, 2021

Retirement has become an uncertain landscape for many families as they’ve watched economic markets shift and debt grow while financial burdens wreak havoc. However, it’s important to use a critical eye when evaluating where your money is coming from and where it’s going. Look at your current savings as well.

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Savings Corner

DECEMBER 25, 2023

2023 capital gains tax calculator Use this capital gains calculator to estimate your taxes on assets sold in 2023. Our capital gains tax calculator shows how much that could save. That means you don’t have to pay capital gains tax if you sell investments within these accounts. How do I avoid capital gains taxes?

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Taxes Calculators Real Estate Cars 52