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7 Things You Should Teach Your Kids About Money

Prairie Eco-Thrifter

If they ask you about money when they see you using it to pay for things like groceries, explain to them that it’s used to pay for things that the family needs like food and shelter. Encourage your kids to save money if they want to buy something they like and to not spend more than their budget allows. Starting an Allowance.

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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. Start Using Cash This is a wonderful way to save money.

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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. Look to your employer for guidance.

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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. using what they already have. In our neighborhood folks buy really nice name brand clothing for their kids.

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What Is A Personal Loan?

Savings Corner

Portions of this article were drafted using an in-house natural language generation platform. A personal loan is money borrowed from a lender that can be used for nearly any purpose. Consolidate debt: You can use a personal loan to consolidate expensive debt, such as credit card debt.

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What Is A Home Equity Loan?

Savings Corner

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. You can use the funds from a home equity loan for any purpose, but there’s a possible tax benefit if you use the money to improve your home.

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