Family Balance Sheet

MARCH 18, 2011

She has gotten cash in the past for her birthday or Christmas, but she would have preferred a toy so I have deposited the money in her savings account. She doesn't understand that 4 quarters equal a $1 yet. Or that 2 dimes and a nickel equal a quarter, so this could be a good math lesson. How much should we pay her?

Money 138

Money Equal Grandfather Daughter 138

Savings Corner

DECEMBER 24, 2023

For example, your savings account may calculate interest monthly. All other factors being equal, more frequent compounding leads to faster growth. In practice, compound interest is often calculated more frequently. Common compounding intervals are quarterly, monthly, and daily, but many other possible intervals could be used.

Calculators 52

Calculators Simple Re-use Growing 52

Family Balance Sheet

FEBRUARY 19, 2022

There’s a yearly fee and a learning curve, but I love YNAB and it helps me stay on budget and financially organized with our day-to-day checking and savings accounts. My husband and I have equal footing when it comes to money decisions even though our business is centered around his career.

Office 130

Office Family Finance Kids and Family 130

Prairie Eco-Thrifter

JANUARY 30, 2017

If he indulges in his penchant for gifting HIS favorite cause, I send equal amounts to my struggling brother. I wanted to buy a nice TV so I had to save up for it. To do so, I opened a joint savings account with my Mom and made sure hubby never saw the statements. He was pretty angry about that.

Money 100

Money Camping Equipment Bank Banking 100

For the Mommas

JANUARY 11, 2011

If there is money left in your budget at the end of the pay period, move it to savings as well. I know a lot of people move this money into a separate vacation or fun money savings account. In my book, rebate checks equal easy savings. There should be no need to add it back into the budget, so save it!

Back To Basics 59

Back To Basics Saving Budgeting Budget 59

Prairie Eco-Thrifter

JUNE 11, 2012

There are always highly speculative opportunities out there that offer huge returns; the downside is that come with equally huge risks. It simply isn’t worth putting all your retirement savings on a high-risk investment; you could lose the lot and then you would really be behind the eight-ball. I would love to hear what they are.

Taxes 187

Taxes Goals Advantage 401K 187

Savings Corner

DECEMBER 27, 2023

In the video below, learn more about how investing harnesses the power of compound interest, and differs from saving. High-yield savings accounts Online savings accounts and cash management accounts provide higher rates of return than you’ll get in a traditional bank savings or checking account.

Real Estate 52

Real Estate Bank Banking Money 52

Family Balance Sheet

JANUARY 20, 2017

friends or family to save on housing costs, and we put a little bit from. each check into a savings account. had a small amount already saved for a tiny vacation. amount of money we saved! I do the actual bill-paying but we both know how much goes out and when, and how much is left in our account until payday.

Debt 100

Debt Debt Free Friends And Family Sale Budgeting 100

Prairie Eco-Thrifter

AUGUST 19, 2012

Try to build your emergency fund up to equal 6-12 months of income, so you can safely cover your living costs in the event of a financial disaster. Consider it insurance and don’t fret that it’s only earning measly interest in a savings account. You’ve heard “it’s the little things that count”, right?I’m I’m sure everyone.

Emergency Fund 222

Emergency Fund Insurance Debt Credit Cards 222

Prairie Eco-Thrifter

MAY 29, 2013

The people with the highest scores carry balances equal to no more than 10% of the limit on each card. The older your accounts, the more points you will receive. Inquiries and account variety – 10% each. Consider opening an account at a local credit union. no-fees) on checking and savings accounts.

Credit Cards 234

Credit Cards Credit Building Rent 234