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7 Things You Should Teach Your Kids About Money

Prairie Eco-Thrifter

Teaching your kids about money is one of the best things you can do to set them up for financial success in the future. Here are seven things you should teach your kids about money, helping them become better spenders, savers, and investors. Spending Money. Giving Gifts. Starting an Allowance.

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How to Save Money Fast – My Top 20 Tips

Penny Pinchin' Mom

The post How to Save Money Fast – My Top 20 Tips appeared first on Penny Pinchin' Mom. Munger so aptly puts it, learning how to save money fast is an education in and of itself. Munger so aptly puts it, learning how to save money fast is an education in and of itself. ” – T.T. Munger As T.T.

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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. Here are a few money tips to help you plan your back to school activities and maybe reduce that $600 per child amount. Get Social.

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How We’re Using Upromise to Save for College

Family Balance Sheet

Right before the pandemic started, I opened 529 College Savings Accounts for our daughters. My oldest was in eighth grade and one of my goals for 2020 was to start saving consistently for both daughters’ college education. We want to assist them in financing their college years and we needed to make some progress.

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Best Cash-Out Refinance Lenders of 2023

Savings Corner

Say your home is valued at $200,000 and your mortgage balance is $100,000, giving you $100,000 of equity in your home. After the draw period ends, you may no longer take money out, and you pay the principal plus interest. You could refinance your $100,000 loan balance for $150,000 and receive $50,000 in cash at closing.

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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

While you can’t cash out all of your home’s equity, the process gives you access to a larger sum of money without needing to sell your home. You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs.

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How To Start Investing In 2023

Savings Corner

Investing in the financial markets might sound like one of the scariest parts of managing your finances, but it’s also potentially the most rewarding. In a 401(k) plan, the money you contribute each paycheck will grow tax-free until you begin withdrawals upon reaching retirement age. A savings account just won’t build wealth.

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