Opening a savings account for emergency funds helps individuals and families weather uncertain financial times. Without careful planning and a personal savings account dedicated to saving for life events, it can be difficult to manage a significant ...
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Early vs. Delayed Retirement: Which Path Is Harder?
Not too long ago, I was driving my family along the foothills of Southern California, at the base of the magnificent San Gabriel mountains.
Believe it or not, the San Gabriels top out at over 10,000 feet; and while the panorama from the top of ...
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Aiming for a College Education? Here Are 3 Ways to Save for It
If you're a parent thinking of your child's future, then one of the things that you're probably considering right now is your kid's college education. Of course, it depends on their choice whether they want to go to college or not, but preparing for ...
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5 Areas to Cut Your Spending in 2022
Saving money is a goal shared by many and a good resolution to make - no matter what time of the year it is. However, it isn't uncommon for vows to waste less money go awry after only a month or two of making them.
The good news is it's never too ...
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100 Words On: The Importance of Always Paying Yourself First
When it comes to saving money, the biggest hurdle for most folks is the lack of available cash after paying all of the bills every month. Fortunately, this seemingly impossible problem is easily fixed by paying yourself first -- not your creditors. ...
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How a Broken Washing Machine Fixed My Finances
Readers: I received a message from a reader in the United Kingdom, which I found to be very inspiring. He graciously accepted my request to share his story with you. -- Len
Last November my washing machine died. Because I make decent money - the ...
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My 12-Year-Old Daughter Shares Her Secrets for Saving Money
Hello! It's me, Nina, again! My dad asked me to write another post for him. He let me pick the picture too!
He paid me $15 for this, by the way. (Thank you, Dad!)
That money's going to come in handy too because lately I've been trying to save ...
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3 Reasons to Have an Emergency Fund (That We Don’t Talk About)
Most people don't have emergency funds -- and if they do, they usually aren't for very much.
Most experts recommend that you have at least six months worth of expenses squirreled away in an interest-generating account of your choice. And yet, most ...
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The 4 Biggest Ways to Stretch Your Income
The other day I was talking to an acquaintance who shall remain nameless. Anyway, he was lamenting that he couldn't find enough discretionary income for an annual family vacation.
I found that fascinating considering Eddie (oops!) drives a brand new ...
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100 Words On: A Guaranteed Way to Preserve Your Wealth
Fiat-based paper currencies facilitate commerce by acting as a medium of exchange that's far preferable to bartering. Unfortunately, governments that wish to spend beyond their means can -- and do -- print fiat with impunity, thereby leading to ...
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5 Personal Finance Tenets That Aren’t as Smart as They Used to Be
When I was a kid I used to love the fun houses found at summer carnivals and local fairs.
I loved the sense of twisted reality provided by image-distorting mirrors and the wacky side-rooms where water appeared to flow uphill and it was nearly ...
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100 Words On: Why It’s Time to Eliminate the Penny
It's been a decade since Canada announced it would no longer mint pennies. That makes a lot of sense; perhaps America should follow suit. In 1913 the once-proud penny had 23 times the purchasing power it does now. Today, the penny is essentially ...
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5 Strategies for Protecting Your 401(k) Savings from Economic Collapse
After more than a decade of the Fed's reckless monetary policies -- in particular, persistent near-zero interest rates and their relentless de facto currency-printing campaign better known as "quantitative easing" -- the financial system has been so ...
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Approximate Energy Costs of Your Home Appliances
Our homes today are loaded with more electronic media and electric appliances than ever before. According to data published by the Energy Information Administration (EIA), US household electricity consumption is expected to grow about 29% from now ...
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The Importance of Long-Term Savings & Strategic Financial Road Maps
This past weekend a good friend of mine told me that, after faithfully keeping a strict budget for more than a decade, he finally stopped -- and now he was feeling guilty about it.
I know what he means. Although I've written before about the ...
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The Benefits of Green Washing
Did you know that your home appliances make up a third of your water and energy consumption? Many washing machines are designed to be largely energy and water efficient, so you can rest assured you're helping the environment while reducing your ...
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What Does the ‘Latte Factor’ Teach Us About Saving?
You may have heard of the "latte factor" concept, a money-saving technique that can be adopted by anyone and can lead to incredible results many years down the line.
The Latte Factor was written by money-saving expert David Bach, who is the ...
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9 Important Money Tips Every Dad Should Teach His Kids
Kids, with Father's Day right around the corner, I hope you don't mind if your dear old dad takes a few minutes to give you a little bit of fatherly financial advice.
Despite what your mom says, I don't profess to know everything -- okay, I guess ...
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What Are the Most Effective Ways to Save Money as a Couple?
Couples often live together before getting married. In fact, about 70% of them do. That's plenty of couples who may acknowledge a coupon can save them money. If you believe in saving, know there are effective strategies. Read on to learn how to save ...
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3 Eco-Friendly Home Improvements That Will Actually Save You Money
Many people seem to be under the impression that most products intended to be energy-efficient actually cost more money to purchase than the product saves over time. However, if shoppers want to genuinely save some money on their eco-friendly ...
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