Penny Pinchin' Mom

DECEMBER 17, 2023

The post The Age Old Question: Should You Pay Off Debt or Save? Should you pay off debt or save? So, you want to get started on debt repayment so you can focus on other financial goals? Before I took up my Financial Reboot journey, I was more focused on growing my savings accounts as opposed to paying off debt first.

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Penny Pinchin' Mom

FEBRUARY 16, 2024

Also See: Clever Ways to Save Money Tips on How to Save Money From Your Salary Without Drastically Changing Your Lifestyle The trick I’ve found that works is to find ways to balance things out. My family chooses to eat out once per week, for example. per transaction every time you use an out-of-network ATM?

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The Frugal Girl

DECEMBER 11, 2023

What’s the “why” behind your money-saving efforts? Being frugal allows me to stay at home with our little ones, which was always a goal of mine, and my husband has been very supportive of that. I would probably add it to our savings account for house projects. That is a never-ending list!

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Prairie Eco-Thrifter

JANUARY 27, 2014

My favourite example of this is the Betterment platform. With Betterment, all you do is sign up for an account. Decide how much to invest initially and if you’d like automatic deposits made to your investment account from checking. You’ll have to choose from one of the options that the company you work with has.

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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.

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Prairie Eco-Thrifter

FEBRUARY 3, 2016

Set an example of living below your means. Let them see your excitement as your own accounts grow and get excited with them as their savings increase. Help them figure out what to save for and show them that you have goals for your own savings. Point out how compound interest is making savings grow.

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Savings Corner

DECEMBER 25, 2023

Current retirement savings: Enter the total current balances of all your retirement savings accounts, including 401(k) plans, individual retirement accounts (IRAs) and any other accounts earmarked for retirement. Monthly contribution: This is the amount you save for retirement each month.

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Prairie Eco-Thrifter

JANUARY 5, 2014

How we handle our money early in life can impact us in future years- for example, young adults who rely on credit may find themselves continuing this pattern throughout life and consumed with debt.” Palmer’s Planners is a series of financially-themed planners to help you navigate life events and goals. Kimberly Foss, CFP, CPWA.

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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. Create our family’s financial goals and Debt Freedom Plan. Pay our bills in a timely manner. Review our spending and our family’s balance sheet.

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Saving Everyday

OCTOBER 27, 2023

If you’re looking for ways to save money on a tight budget, we’ve got you covered! Follow these tips, and you’ll reach your goal in no time! Christmas is right around the corner, so if you’re looking for ways to save money on a tight budget, we’re here to help! Sell it and save it!

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Prairie Eco-Thrifter

JUNE 11, 2012

Your goal is to achieve capital appreciation rather than get good dividends. Make your goal to create an income from your investment. Generally, this goal is best achieved with corporate or government bonds. So, if you are in your 40′s, what investment tricks have you found to be profitable?

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Coupons Do Work

MAY 17, 2016

And don’t forget to register for Pizza Hut’s Book It program , offering free personal pan pizzas for meeting reading goals. For example: Alpine Bank – Pays for A’s program. Family Trust Federal Credit Union – open savings account. 3 Rivers Credit Union -open a Buddy (Cub) account for your child.

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Saving Everyday

APRIL 24, 2012

Starting January 2012, we set up an automatic withdraw to a new “vacation savings account” of $25 a week. In years past, my goal each year was to pay for our trips entirely with ”free” money! For example, if my total is $1.25, I give $2.00 See my tip HERE. Change = $59.50. and get $0.75

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Coupons Do Work

SEPTEMBER 15, 2016

For example, I went to University of Western Ontario in London, Ontario, Canada for a year. I remember I had spent $800 Dollars (that was the USD amount as they had converted it for me) and I didn’t have that money in my bank account. As my goal in life is to help people. Checking Accounts. Lunch and Dinner.

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Savings Corner

DECEMBER 24, 2023

Instead, they are deposited into a savings account, and you make payments on your balance for the duration of the loan. You might, for example, be offered financing by a home improvement store when you buy an appliance. The best type of loan depends on your financial situation and goals.

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Family Balance Sheet

APRIL 1, 2021

Now that we’ve paid off six figures of non-mortgage debt , we are working on saving 6 months’ expenses and maybe even more. Consider setting the money aside in a savings account that isn’t immediately accessible and doesn’t have an ATM attached to it This will help to avoid any impulsive non-emergency spending.

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Saving Everyday

JULY 13, 2012

A few years ago, I made it my personal obsession goal to see if I could completely pay for our Disney trips with “free money” and I’ve accomplished that goal every year but once (I was only a couple hundred dollars short). This is the first year I started a Disney/vacation savings account of $25 a week.

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Savings Corner

DECEMBER 25, 2023

And if you’re worried about being able to save enough of your earnings to meet your retirement goals , building wealth through passive income is a strategy that might appeal to you, too. Try Bankrate’s free AdvisorMatch service to quickly get connected to a CFP® professional who can help you achieve your financial goals.

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Savings Corner

DECEMBER 27, 2023

For example, someone close to retirement with a healthy nest egg will likely have a very different investment plan than someone just starting out in their career with no savings. In the video below, learn more about how investing harnesses the power of compound interest, and differs from saving.

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Family Balance Sheet

FEBRUARY 16, 2016

Being self-employed, we have a higher starter fund on hand and when we pay off our non-mortgage debt, we will save to at least 6 months expenses and maybe even more. Remember this account is specifically for your emergency fund. 2 – Decide where to put the money. You just need some imagination and a nose for free family fun.

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Prairie Eco-Thrifter

APRIL 6, 2012

Darwin presents Pairs Trade: Real Examples and Profit Potential posted at Darwin’s Money , saying, “Here’s a way to invest and profit with zero dollars out of pocket! Bloggers talk about it as the holy grail of personal finance and many of them have the goal of retiring early at 40, 45 or 50 years old.

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