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How to Build your Emergency Fund

Family Balance Sheet

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. If not for that fund, we would most likely have used credit cards to survive.

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How to Build your Emergency Fund

Family Balance Sheet

Do you have enough cash to cover them or would you have to rely on high interest credit cards or a loan from family? According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. You see, we learned a valuable lesson many years prior about the importance of an emergency fund.

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It’s Not Too Late to Save for the Holidays

Prairie Eco-Thrifter

If you have the time, you can open a Swagbucks account and search the internet for points that can be traded in for gift cards, or you can take advantage of bank cash bonus offers if you open a credit card or checking account. You can also try taking surveys.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Both are now old enough to open a bank savings account. I would go into the bank with my stubby little hands clutching my months worth of allowance (total of $1), deposit it and see the results right off printed in my book. Most of the time, the best we can expect from bank savings accounts has been from 2% to 5% before inflation.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Glen Craig from Free From Broke asks Are Banks Ratcheting Up Their Profiling Efforts? , “In family life, love is the oil that eases friction, the cement that binds closer together, and the music that brings harmony.&#. Philip Taylor from PT Money Personal Finance presents The Best Gas Rewards Credit Cards–June 2011.