Penny Pinchin' Mom

FEBRUARY 16, 2024

Not only will that give you something to break down (how much you need to save every day, every week, and every month), but it will also help you visualize the end game; it will help you strategize better. Setting up an automatic savings account system works wonders for me. Let’s say, for example, $500 a month.

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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. From a personal point of view, I much prefer living debt free. We’ll start by considering each option separately.

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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.

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Prairie Eco-Thrifter

JUNE 11, 2012

Each one comes with advantages and disadvantages; the trick is to limit the disadvantages to achieve the best result. Another advantage with bonds is that you can get started with a relatively small amount of money. One of the best ways to invest for your retirement is taking advantage of the tax incentives of retirement accounts.

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Prairie Eco-Thrifter

FEBRUARY 3, 2016

While my spouse and I were in the throes of child rearing we didn’t think much about providing an intentional or structured set of lessons around personal finance. Set an example of living below your means. Point out how compound interest is making savings grow. Here are a few that worked for us.

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Prairie Eco-Thrifter

APRIL 6, 2012

Justin presents Know the Common Mistakes with Your Personal Finances posted at Budget Snob , saying, “Many people make the same financial mistakes. Corey presents Benefits of an Adjustable Rate Mortgage posted at Steadfast Finances , saying, “Have you ever considered an adjustable rate mortgage?

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Savings Corner

DECEMBER 24, 2023

What are the pros and cons of personal loans? Personal loans have advantages and drawbacks. Before applying, consider how the pros and cons could impact your financial situation and if a personal loan is worth it for you. You might, for example, be offered financing by a home improvement store when you buy an appliance.

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