Other posts in the Savings Category

Automate Savings to Build Good Habits

April 10th, 2018

Automation helps any process or action run smoother and helps remove room for error—like forgetting or making an excuse to not do something or do it differently. And it’s no different for growing your saving account or investment portfolio. There are dozens of budgeting and financial management apps out there, but Acorns stands out in that it

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How to Balance a Checkbook

May 12th, 2015

Balancing your checkbook is one of those crucial life skills. It will give you a clear sense of not only how much money is in your bank account, but where your money goes. It can also help prevent you from bouncing checks, stick to your budget, help you avoid fees, and detect errors from your

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How Do Money Market Accounts Work?

May 4th, 2015

A money market account is a type of savings account offered by banks and credit unions just like regular savings accounts. The difference is that they usually pay higher interest, have higher minimum balance requirements (sometimes $1000-$­2500), and only allow three to six withdrawals per month. Another difference is that, similar to a checking account, many

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6 Tips for Deducting Donations

December 17th, 2013

If you've donated to a charity this year, the IRS wants you to know about few things - tax-exempt status, itemizing, fair market value, timing and many more.

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Spend Less This Holiday Season

November 12th, 2013

It's easy to forget about your budget when shopping for holiday gifts thus you must start by creating a written details on what to shop and stick to your spending limits.

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Tips for Shopping for a Vehicle for Your Teen

October 28th, 2013

According to the National Highway Traffic Safety Administration (NHTSA), auto accidents are still the leading cause of death for American teenagers. However, due to safer vehicles graduated license laws, the numbers have decreased 65% from 8,748 teen deaths in 1975 to 3,023 in 2011. Regardless of statistics and new vehicle safety precautions, automakers still haven’t come up with a vehicle that can drive itself when the weather gets bad, when a tire blows out or when another driver becomes distracted and wanders into your lane. Seasoned drivers rely on their experience and split-second-decision-making abilities to negotiate these perilous moments. Teens don't have that experience.

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Building a Rainy-day Fund

June 25th, 2013

Financial prudence dictates that we stash away enough cash to cover living expenses for three to six months in case something catastrophic comes our way—a job loss, an unexpected illness or an unpredicted home expense. Some items that also should be covered in such a fund include health and car insurance deductibles, rent or mortgage,

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Coupons are a great way to save money — if you use them correctly.

June 6th, 2013

Coupons are a great way to save money — if you use them correctly. The first obstacle to overcome is forgetting to use them. Keep them in a handy spot, like in your wallet. If you have dry-cleaning coupons, pin them to the dirty-laundry bag. If you have one for a restaurant, tack it onto

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Considering a CD

May 28th, 2013

Shopping at your credit union for a CD (certificate of deposit) isn’t quite as easy as going to the local music store for a CD (compact disc). But it’s a lot easier to choose than some other types of investments. By definition, a CD or certificate of deposit is a time deposit. That means you

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Going Away? Tips to Not Go Broke

May 22nd, 2013

With summer vacation just around the corner just keep in mind – you don’t have to spend a lot of money to have a good time. Here are tips for keeping costs down on vacation: Fly during the week. Airline rates are generally more expensive over the weekend, so plan your trip from Wednesday to

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