Savings Corner
FEBRUARY 2, 2024
By Margarette Burnette Margarette Burnette Senior Writer | Savings accounts, money market accounts, banking Margarette Burnette is a NerdWallet authority on savings, who has been writing about bank accounts since before the Great Recession. Use this free savings calculator to understand how your money can grow over time.
The Frugal Girl
NOVEMBER 27, 2023
We bought our house in March 2009, during some of the worst of the recession and the housing bubble bursting. I try to set a good example, so hopefully that’s a good start. I still remember that they bought a kit for me with fake checks and a fake checkbook to balance, using money in the Bank of the Parents. Not really.
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Prairie Eco-Thrifter
MAY 23, 2017
Many believe that early childhood examples and upbringing contribute greatly to the saver’s predisposition to save. Those affected by our recent Great Recession have had the benefits of saving reinforced as well. Members of the ‘Greatest Generation’ suffered through the Great Depression and came out savers.
Prairie Eco-Thrifter
DECEMBER 8, 2014
Gas stations, some hotels, some restaurants are examples of places you might negotiate a cash discount. In 2008-2009 when we had the credit crunch and recession, there was at least one day when stores were not accepting credit. I always just go into my bank to get it. Cash is almost universally accepted.
Prairie Eco-Thrifter
MAY 26, 2016
My grown kids are also savers and I have high hopes that the grandchildren will follow their example. 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.
Prairie Eco-Thrifter
AUGUST 26, 2011
A big problem that banks faced in 2009 is that no one wanted to buy the foreclosed homes they had on their hands, so technically, the value of those homes was $0. Make sure you have a secure source of income that you can bank on to consistently pay the mortgage. But let me give you an example to make my point.
Savings Corner
APRIL 4, 2024
If property values decline abruptly or a recession occurs , the lender could reduce your credit line, freeze it or even demand immediate repayment in full. How to obtain a home equity loan Home equity loans are available through banks, credit unions and online lenders. Why are HELOCs and home equity loans popular now?
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