article thumbnail

Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

My grown kids are also savers and I have high hopes that the grandchildren will follow their example. Helping the parents teach my grandchildren to save is an ongoing project of mine. Both are now old enough to open a bank savings account. Financial moves in a low interest rate economy. Back then I had a passbook.

Money 124
article thumbnail

How to Handle the Stock Market Roller Coaster Ride?

Prairie Eco-Thrifter

I will go to the bank and stockpile some cash. Here are some of the actions I could take during this downturn in the economy to benefit the long term growth of our future family members: Set up a family investment partnership or company, fund it and help the grown kids invest it’s assets. Why Not Do Both?

Recession 176
article thumbnail

What Is National Financial Literacy Month?

Prairie Eco-Thrifter

Increased financial literacy empowers individuals to make wise financial decisions and reduces the confusion caused by an increasingly complex economy. A greater understanding of, and familiarity with, financial markets and institutions will lead to increased economic activity and growth.