1.7 More Effective Ways to Save Money
A job for their mom or dad. Money for the heating bill. Food or a place to live. Maybe gloves or boots.
Time is so bad that children don’t ask for things for themselves. It boils down to the fact that we really need to save for a rainy day. Here are more ways to save effectively:
In mid-November, Charles wrote a fantastic post addressing how to decide between paying down debt or saving. His bottom line: your debt interest rate will always be higher than your savings account APY, so pay down your debt.
But, what if your debt is under control? Below I highlight some key metrics to analyze when selecting a savings account, in addition to showcasing some of the best savings accounts on the market!
Your current earning may be good enough for you to qualify for a car loan or get your credit cards. However, it is not good enough when you are unemployed. You need an emergency fund.
I have read your third article. It has helped me manage my finances specifically my car loans and credit debts. In fact, the loan modification lawyer was really impressed with it.
ReplyDeleteIt is important to have an emergency fund before investing in something big like a car or a house. This will ensure that you will have some money to pay for these important things in times of emergency.
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