The Frugal Girl

DECEMBER 11, 2023

I would probably add it to our savings account for house projects. I had a math teacher in high school who commonly used compounding interest examples in the classroom. Since I was already interested in money, this really stuck with me and I began saving money at an early age. That is a never-ending list!

Money 194

Money Kids and Family Frugal Parenting 194

Prairie Eco-Thrifter

MAY 26, 2016

My grown kids are also savers and I have high hopes that the grandchildren will follow their example. Helping the parents teach my grandchildren to save is an ongoing project of mine. Trepidation about having the grand-kids open a savings account. Both are now old enough to open a bank savings account.

Money 124

Money Saving Money Lowes Grandchildren 124

Prairie Eco-Thrifter

APRIL 25, 2011

The key is to invest the time to teach your kids the right ways to manage their finances. Teach them actionable methods and strategies that will help them learn all of the ropes of personal finance. For example, you could shift the responsibility of paying the cell phone bill to your child. Teach them how to pay bills.

Bills 174

Bills Finance Budgeting Budget 174

Penny Pinchin' Mom

MARCH 11, 2024

I set up a standing order from my checking account to my savings on the first of every month, still at $600. So, whenever I banked my check at the end of the month, $600 automatically disappeared from my savings account. Start Using Cash This is a wonderful way to save money. Believe me! See what I did there?

Saving Money 52

Saving Money Money Saving Credit Cards 52

Prairie Eco-Thrifter

DECEMBER 6, 2012

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.

Bank 265

Bank Banking Money Saving 265

Penny Pinchin' Mom

DECEMBER 17, 2023

You are one emergency short of losing track of your finances. If you are confused about whether you should pay off debt or save, you are not alone, although everyone’s financial situation is different. Before I took up my Financial Reboot journey, I was more focused on growing my savings accounts as opposed to paying off debt first.

Pay Off Debt 52

Pay Off Debt Debt Emergency Fund Financial Goals 52

Family Balance Sheet

APRIL 6, 2015

When you’re informed, you’ll be able to make better decisions when it comes to tax-advantaged investments, like retirement, health savings accounts, and educational savings accounts. Here’s just an example to check out: The 2015 Tax Fact Sheet and Calendar. I thought this was very helpful.

Taxes 100

Taxes Education Re-use Tools 100

Prairie Eco-Thrifter

JULY 30, 2012

If you can choose to develop a more positive attitude about your finances, you’ll find it easier to make a few small changes in your saving and spending. Save With Each Paycheck Promise yourself that you will save something out of every paycheck. See how simple finances are when you have that budget…….and

Debt 202

Debt Budgeting Budget Finance 202

Prairie Eco-Thrifter

MAY 29, 2013

Also, consumers with the best scores hold a variety of credit accounts – for example, a mortgage, an auto loan and a credit card. Bank accounts don’t factor into your credit score, but the relationship you have with your bank might lead to financing opportunities. Consider opening an account at a local credit union.

Credit Cards 234

Credit Cards Credit Building Rent 234

Savings Corner

DECEMBER 25, 2023

For example, language teachers and stock-picking advice may use this model. In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn. The money will simply be deposited in your brokerage account. Risk: The tricky part is choosing the right stocks.

Money 52

Money Making Real Estate Rent 52

Prairie Eco-Thrifter

MARCH 22, 2011

5 Pieces of Advice to Tell Your Child About Money is a series that will run every Tuesday for the next few weeks where some of the top personal finance bloggers share their thoughts on this topic. When you are young and many years from considering retirement (and not earning much), it’s tough to save money. Live simply.

Money 124

Money Personal Finance Consumerism Plumbing 124

Family Balance Sheet

MARCH 15, 2017

Instead I’m writing about my family’s experience with traditional health insurance and how it has affected OUR finances. For example, at that time, maternity was not included in any individual plan. We did take advantage of one benefit of a high deductible health plan: a Health Savings Account.

Health Insurance 100

Health Insurance Insurance Health 2003 100

Prairie Eco-Thrifter

JANUARY 30, 2017

A few real life examples of revenge spending: English rock star Liam Gallagher (of bands Oasis and Beady Eye) had an affair with an American Journalist and fathered a child by her. My own examples are a bit more mundane. I wanted to buy a nice TV so I had to save up for it. He was pretty angry about that.

Money 100

Money Camping Equipment Bank Banking 100

Savings Corner

DECEMBER 24, 2023

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

Debt 52

Debt Credit Cards Credit College Tuition 52

Prairie Eco-Thrifter

FEBRUARY 3, 2016

While my spouse and I were in the throes of child rearing we didn’t think much about providing an intentional or structured set of lessons around personal finance. Set an example of living below your means. Point out how compound interest is making savings grow. Here are a few that worked for us.

Work 100

Work Kids Bank Banking 100

Prairie Eco-Thrifter

APRIL 6, 2012

Wayne presents Purpose of Budgeting posted at Young Family Finance , saying, “Are you left wondering why you should budget? Justin presents Know the Common Mistakes with Your Personal Finances posted at Budget Snob , saying, “Many people make the same financial mistakes. The Skilled Investor , Editor.

Money 133

Money Finance Personal Finance Real Estate 133

Prairie Eco-Thrifter

JANUARY 30, 2013

For example, if my family were to experience a sudden drop in income, we have enough home food storage to help us along for a few months. I have some money in a savings account that is easy to get to, in case I need it immediately. However, I also keep emergency funds in a taxable investment account.

Emergency Fund 211

Emergency Fund Job Loss Transportation Staying Warm 211

Prairie Eco-Thrifter

JUNE 11, 2012

There’s no need to try and make up for lost time; the examples above have shown you that there are investment strategies that you can take now, which will help you fund an enjoyable retirement. So, if you are in your 40′s, what investment tricks have you found to be profitable? I would love to hear what they are.

Taxes 187

Taxes Goals Advantage 401K 187

For the Mommas

JULY 10, 2016

Over the next several weeks we will be posting articles that will help you budget and save your money. but there are many others things you can do to help with your finances. For example, your electric bill may be higher in periods of more extreme weather if you use your air conditioner and heat to offset the temperature outside.

Budgeting 40

Budgeting Budget Insurance Homeowner Insurance 40