Family Balance Sheet

OCTOBER 15, 2021

Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. We want to assist them in financing their college years and we needed to make some progress.

College 130

College Used 2020 Saving 130

Penny Pinchin' Mom

FEBRUARY 16, 2024

How much of that do you have saved up as we speak? The simple truth is that not many people have enough money saved up to buy a car. That’s why a vast majority of us go the financing route. Setting up an automatic savings account system works wonders for me. Let’s say, for example, $500 a month.

Cars 52

Cars Car Bank Banking 52

Penny Pinchin' Mom

DECEMBER 17, 2023

You are one emergency short of losing track of your finances. If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different. Before I took up my Financial Reboot journey, I was more focused on growing my savings accounts as opposed to paying off debt first.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Family Balance Sheet

APRIL 6, 2015

Do you know what tax-advantaged investment options are available to you? When you’re informed, you’ll be able to make better decisions when it comes to tax-advantaged investments, like retirement, health savings accounts, and educational savings accounts. I thought this was very helpful.

Taxes 100

Taxes Education Re-use Tools 100

Penny Pinchin' Mom

MARCH 11, 2024

I set up a standing order from my checking account to my savings on the first of every month, still at $600. So, whenever I banked my check at the end of the month, $600 automatically disappeared from my savings account. Start Using Cash This is a wonderful way to save money. Believe me! See what I did there?

Saving Money 52

Saving Money Money Saving Credit Cards 52

Prairie Eco-Thrifter

DECEMBER 6, 2012

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. Since most of us get direct deposit for its convenience, you can take advantage of that. Saving money is essential.

Bank 265

Bank Banking Money Saving 265

Prairie Eco-Thrifter

MAY 29, 2013

Also, consumers with the best scores hold a variety of credit accounts – for example, a mortgage, an auto loan and a credit card. Just use that conservative financial attitude to your advantage. Bank accounts don’t factor into your credit score, but the relationship you have with your bank might lead to financing opportunities.

Credit Cards 234

Credit Cards Credit Building Rent 234