Prairie Eco-Thrifter

MAY 26, 2016

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. Financial moves in a low interest rate economy. Back then I had a passbook.

Money 124

Money Saving Money Lowes Grandchildren 124

Savings Corner

APRIL 4, 2024

Even as inflation comes down and the Federal Reserve’s tightening cycle looks like it’s about to end , the economy still faces the risk of a recession. Most accounts are government-insured up to $250,000 per account type per bank, so you’ll be compensated even if the financial institution fails.

April 52

April Lowes CD Bank 52

Prairie Eco-Thrifter

MARCH 8, 2017

Some asset types do better during inflationary years, some do better in recessions. Automatic payroll transfers to your bank or financial institution make this very easy. All require pruning for growth, just as your investments and debts do. Prune down debt to make way for savings to build. Prune for growth.

Finance 133

Finance Growing Flowers and Plants Gardening 133

Savings Corner

DECEMBER 25, 2023

Some platforms invest in equity (stock), while others invest in debt. Generally, stock offers high returns in exchange for more risk, while debt offers lower returns in exchange for less risk. In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn.

Money 52

Money Making Real Estate Rent 52