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5 Economic Assumptions We (still) Make That Won’t Always Be True

Prairie Eco-Thrifter

Hmmmm, in 2008 one of the biggest fears was that credit markets would dry up causing massive restrictions in banks lending to one another and therefore massive refusals to lend money to us. If this particular part of the crisis had not been averted, bank and business failures would have been even more prolific.

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Yes Virginia, There is a Money Tree

Prairie Eco-Thrifter

One way to do this in a two income family is to live off of one income and bank the other. Put the savings you made at the grocery with coupons into the savings account. We did that. Tax yourself. Pay yourself first. Figure out what you need to live and put the rest in a secure account. Put the holiday gift of cash into your account.

Virginia 160
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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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How Long Should You Keep Financial Documents

Family Balance Sheet

Bank Statements - One nice thing (among many) about the electronic age is that banks keep statements online up to a couple of years. Our personal bank has statements online all the way back to 2006. For other receipts from a credit card for example, groceries or gas, keep until you get your next statement to look for any errors.

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Carnival of Financial Planning – Money Management Edition #236 – May 11, 2012

Prairie Eco-Thrifter

After all it was not the people who caused the problem so why should they suffer while the banks get off scot-free? MR presents Is Now The Time To Buy Real Estate? posted at Money Reasons , saying, “With the low mortgage rates, is this the perfect time to buy real estate? Can you blame them?

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Yakezie Carnival – Credit Cards Edition

Prairie Eco-Thrifter

I bought shares of MSA (MSJAF on the pink sheets) … The Ultimate Juggle : Easiest Way to Make a Profit in Real Estate – Investing in real estate can be a great way to set yourself up for the future. If you invest in the right property at the right price, you can create a positive cash flow from the beginning.