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How We Frugal-ed in June 2023

Family Balance Sheet

Instead, I look for creative ways to save my family money in all aspects of our lives. You may have heard that interest rates on some savings accounts have gone up, so I pulled my head out of the sand and transferred the cash portion of our college savings to two separate savings vehicles: a 15-month CD and a high-yield savings account.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

To learn to live within your means is one of our primary family money values. Although we think of the Great Recession starting in early 2009, it wasn’t until 2013 that the 5 year CD interest rate fell below 1% – and has stayed there ever since according to Bank Rates interest survey data. According to US NEWS .

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