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Compound Interest: What It Is, Formula, Examples

Savings Corner

For example, if you invest $1,000 at 5% simple interest for 10 years, you can expect to receive $50 in interest every year for the next decade. In the investment world, bonds are an example of an investment that typically pays simple interest. In other words, if you’re investing for 30 months, be sure to use 2.5

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How We’re Using Upromise to Save for College

Family Balance Sheet

I don’t recall why I never used the account, but I guess it just slipped my mind. Side Note #1: I do not advocate the use of credit cards unless you are able to pay off the balance every month so as not to incur fees and charges. In the below example, you would earn 3% cashback from your purchases at Old Navy and 2% at Walmart.

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What You Need to Know About Using Digital Coupons

Penny Pinchin' Mom

The post What You Need to Know About Using Digital Coupons appeared first on Penny Pinchin' Mom. One of my favorite ways of doing this is by using coupons. One of my favorite ways of doing this is by using coupons. I have an entire arsenal of tricks on how to get them and how to use them. What is a digital coupon?

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Why Use Cash?

Prairie Eco-Thrifter

Back in my teens and early twenties, Mom used to yell at me about not carrying enough cash. Either I would be walking or using my last quarter in the pay phone to call home and beg someone to come get me. As an adult, I use both cash and credit as well as checks. If I buy anything online, I use credit.

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Want to save money? Let go of the need for matching

The Frugal Girl

Let’s run through some examples! One last non-matching example: when I get a sock that sprouts a hole, I generally set the good sock aside and just use it with another sock of the same cut. My bedroom is another good example of this. I’d love to hear examples you can think of! Do the lamps match?

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When to Use Your FREE Product Coupons

Couponing 101

Here’s a little secret: when you find a free product coupon, don’t use it right away! That’s right, I said don’t use it… yet! Use it on a Buy 1 Get 1 Free Sale. This is my favorite way to use free product coupons. Use it to Get Extra Loyalty Rewards Points. Your price – $0!

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How do you handle tipping?

The Frugal Girl

I used to have a good idea of what to tip and who to tip, but I am suddenly at a loss. For example, I visited Panera last week when my refrigerator was out. I just read that DoorDash was going to rate the people that use their app by how well they tip. I don’t use DoorDash, but I find this problematic. And so on.