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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Helping the parents teach my grandchildren to save is an ongoing project of mine. Each year I bring them together in my Grandma Rie’s Money Camp and focus on different aspects of personal finance, with saving being a focus in each camp. Trepidation about having the grand-kids open a savings account.

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Saving Your Pennies For A Rainy Day

Prairie Eco-Thrifter

Then, roll the change, take it to your local bank and deposit the change in your savings account. One of the most effective ways of saving change is to have it removed from your paycheck automatically. Most companies will allow you to separate your deposit into two or three separate accounts. Saving money is essential.

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Should You Save Or Invest Your Money?

Prairie Eco-Thrifter

Your long-term financial plan should include being debt-free (because it is a constant drain on your finances) in conjunction with a lucrative investment portfolio, which is steadily increasing your wealth. Save or invest? What do you do? No Cost Refinancing – Pros and Cons.

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How to Avoid Financial Disaster

Prairie Eco-Thrifter

Consider it insurance and don’t fret that it’s only earning measly interest in a savings account. Change Your Behaviour It has been said that personal finance is 20% knowledge and 80% behavior. If so, now is the time to review your knowledge, habits and behaviors around money and finances. I’m sure everyone.

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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn. Economic recessions can also make high-yielding personal loans a more likely candidate for default, too, so these loans may go bad at higher than historical rates when the economy worsens.

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