Category: Savings
Set an Example for Your Children
| October 4, 2006 | Posted by derek under General, Savings |
When I discussed the idea of implementing an allowance system as a means of teaching your children how to save, I failed to mention that there are additional steps in the process of educating your children. One of the steps that I feel is critical is setting a positive example for your children to follow.… continue reading
Teaching Your Children How to Save
| September 19, 2006 | Posted by derek under General, Savings |
In many families, money is a taboo topic that is not to be discussed with the children. Unfortunately this results in many children growing up without learning the basics of personal finance until they have experienced a few hard lessons. In an effort to educate our kids about personal finance and the importance of saving… continue reading
Plan Ahead to Avoid ATM Fees
| September 12, 2006 | Posted by derek under Budgeting, General, Savings |
How many times have you been in a rush to get cash from the ATM and decided to simply use the most convenient ATM? Unfortunately, that often means you are using a machine that is not from your bank or out of your bank’s network. The fees imposed by the bank that owns the machine,… continue reading
ING Increases Rate to 4.40% APY
| September 10, 2006 | Posted by derek under Savings |
While still trailing the market leaders, such as HSBC and EmigrantDirect, ING DIRECT has increased their rate on the Orange Savings Account to 4.40% APY. As a reminder, ING DIRECT is still offering a $25 bonus that will be deposited to your account if your initial deposit is $250 or greater. To receive the $25… continue reading
Strategy to Curb Impulse Buying
| August 30, 2006 | Posted by derek under Credit Cards, General, Savings |
When people find themselves mired in credit card debt, one of the culprits is often the result of buying things on impulse even when you know that you cannot afford the item. It is far too easy to simply pull out that piece of plastic and buy that new big screen TV or designer purse… continue reading
Saving for Retirement While Eliminating Debt
| August 16, 2006 | Posted by derek under Debt Reduction, Retirement & Investing, Savings |
Similar to an earlier article about building emergency savings, many people wonder whether or not they should be saving for retirement while in the process of eliminating their debt.While the answer to this question will vary from person to person, there are a couple of general concepts to consider when deciding what is the appropriate… continue reading
Building Emergency Savings While Eliminating Debt
| August 12, 2006 | Posted by derek under Debt Reduction, Savings |
For those of you that are in the process of eliminating your debt or even for those that have yet to take that first step towards being debt free, do you have any level of emergency savings? Too often the answer to that question is no. The standard rule of thumb is to have emergency… continue reading
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