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7 Things You Should Teach Your Kids About Money

Prairie Eco-Thrifter

Encourage your kids to save money if they want to buy something they like and to not spend more than their budget allows. Although a car or college tuition may be the immediate expenses your kid is saving up for, it’s never too late to plan and prepare for a house down payment or retirement either. Saving and Investing Early.

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How to Save Money Fast – My Top 20 Tips

Penny Pinchin' Mom

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates a sense of order, trains forethought, and so broadens the mind.” Munger so aptly puts it, learning how to save money fast is an education in and of itself. ” – T.T. Munger As T.T. It’s an actual need.

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Kindergarten to College – Back to School Money Tips

Prairie Eco-Thrifter

Not many – but by planning ahead now you might find ways to lessen the expenses you will face next month and use the annual experience as a teachable moment in your child’s personal finance education. In our neighborhood folks buy really nice name brand clothing for their kids. Bulk buys can be a lot cheaper. Get Social.

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What Is A Personal Loan?

Savings Corner

You might, for example, be offered financing by a home improvement store when you buy an appliance. Investing in yourself Personal loans can be used for some educational purchases, such as pursuing a workplace certification or attending a career-boosting seminar. Common uses include debt consolidation, emergencies and home improvement.

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What Is A Home Equity Loan?

Savings Corner

You can deduct the interest (up to the limit) if the home equity loan is used to “buy, build or substantially improve” the property. Paying for college: You may find lenders who advocate paying college tuition via home equity, but this is a risky move. To do this, you’ll need to itemize your deductions.

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How To Start Investing In 2023

Savings Corner

Your plan’s administrator – which is sometimes a big broker such as Fidelity , Charles Schwab or Vanguard – may offer tools and planning resources, helping you educate yourself on good investing practices and the options available in the 401(k) plan. Or paying for college. Or buying a house. Look to your employer for guidance.

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