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How to Build your Emergency Fund

Family Balance Sheet

Life suddenly changed for most of us in March 2020 and this past year of the pandemic has reinforced how important an emergency fund is. If you’re able, maybe use some of your stimulous money to put towards building an emergency fund. If not for that fund, we would most likely have used credit cards to survive.

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How to Build your Emergency Fund

Family Balance Sheet

Do you have enough cash to cover them or would you have to rely on high interest credit cards or a loan from family? According to a recent survey , over half of Americans have less than $1000 in their savings and checking accounts. You see, we learned a valuable lesson many years prior about the importance of an emergency fund.

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It’s Not Too Late to Save for the Holidays

Prairie Eco-Thrifter

If you have the time, you can open a Swagbucks account and search the internet for points that can be traded in for gift cards, or you can take advantage of bank cash bonus offers if you open a credit card or checking account. You can also try taking surveys.

Holiday 169
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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Philip Taylor from PT Money Personal Finance presents The Best Gas Rewards Credit Cards–June 2011. A recent survey claimed that six out of ten parents provide or have provided financial help to their adult children. Ben from Money Smart Life provides Credit Card Bonus Comparison Charts so you can make the best decision.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

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. The FDIC shows the US national average payout for savings accounts less than $100,000 is.06%. Six measly cents.

Money 124
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Yakezie Carnival October 16, 2011- Growth Edition

Prairie Eco-Thrifter

Personal Finance Whiz : What Is An Emergency Fund? One of the major components of being financially fit is to have an emergency fund. Money Q&A: Young Investors Hold Too Much Cash In Their Portfolios A recent survey found that young investors are staying away from the stock market and holding large cash positions.

October 200