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The 5 Most Important Personal Finance Lessons to Teach your Child

Prairie Eco-Thrifter

Before you get ready to shove those kids of yours out of the nest, here are what I consider to be (based on my experience as a person, a Mom, and a Grandma) the most important things you (or someone) should teach them about personal finance. Here, told as I would tell it to my Grandkids, are my top 5 lessons.

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How to Graduate College Without Being Broke

Prairie Eco-Thrifter

It’s well within a college student’s ability to start saving money while they’re still getting a degree, and to graduate with a firm grasp on their finances and an idea of how to succeed going forward. A Roth IRA lets you sock away up to $5,000 a year, and it can be withdrawn tax-free.

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Benefit from My Financial Mistakes

Prairie Eco-Thrifter

I ended up with a BA in Psychology with an emphasis in Industrial Psychology – and couldn’t get a good paying job of any sort after graduating! It would have pleased my folks if I had accepted and it would have helped our finances out too! Its good to be independent, but don’t overlook opportunities presented to you!

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Is Now The Time to Buy a Home?

Prairie Eco-Thrifter

This is a big problem for recent graduates. Tax considerations are also important because of the deductions and depreciation savings that can come with owning your own home. A general rule of thumb is that your property needs to appreciate at least 10% in order to avoid losing money in a sale. Maintenance fund. Money Tips'

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

I manage the finances for our business and our family and by August 2013, I felt the weight of the situation. On top of our normal day to day expenses, the new property taxes were due, we had more ownership expenses than we realized, and we had a family to feed. I wasn’t sure how I was going to pay for everything that month.

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Meet a Reader | JenRR from the Midwest

The Frugal Girl

After I became a mother, finances became much more complicated. While we were still renting an apartment, I researched areas with lower property taxes, scouted out my ideal neighborhoods, and waited for a smaller, less expensive house to come on the market. What’s the “why” behind your money-saving efforts?

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What Is A Home Equity Loan?

Savings Corner

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. You can use the funds from a home equity loan for any purpose, but there’s a possible tax benefit if you use the money to improve your home. to 10 percent.

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