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Archive for the ‘Savings’ Category

budgeting tips for developing your personal budget

6 Budgeting Tips To Bulk Up Your Savings

access_time Posted on: February 14th, 2020

Budgets can be used for many purposes in a personal finance framework, including paying off debt, managing wealth, and padding retirement accounts. However, many people find the process of creating or sticking to a budget difficult, frustrating, and perhaps a little annoying.  This is not an unusual sentiment. In fact, only two out of every three households choose to budget their income monthly. This percentage of use goes down as populations age, making budgets a highly suggested but infrequently implemented practice.  It is important to remember that the goal of a personal budget is not to restrain financial freedom, but to liberate consumers from the uncertainty surrounding their funds.   What… read more »

budgeting for how to save money each month

How To Save Money Each Month On Any Salary

access_time Posted on: December 31st, 2019

Saving money is an essential yet often tricky financial task for many people – even those with a relatively high income.  An article by Yahoo! Finance reported that only 58% of Americans could even afford to pay for a $1,000 emergency in cash. A 2018 article by CNN Markets found that only 28% of Americans have 6 months worth of expenses saved.  No matter what your annual salary, many like you are wondering how to save money each month, so you don’t find yourself without savings when you need it most.  4 Tips For How To Save Money From Salary Keep reading to discover how to save money from your… read more »

best credit union savings near me

Money Market Account vs. Basic Savings Accounts: Pros & Cons

access_time Posted on: June 20th, 2019

Banks and credit unions offer a variety of options when you want to store your money. The key to making the best decision is taking your current financial needs and goals into consideration. Money Market Account vs. Savings Account Two popular options are the money market account and basic savings account. This post will outline the difference between the two, the pros, and cons of each option, and how to choose the best one that suits your financial needs. What Is A Money Market Account? A money market account is also known as a money market deposit account (MMDA). It is an interest bearing account which provides a higher interest… read more »

savings and checking accounts credit union

The Difference Between Checking And Savings Accounts

access_time Posted on: March 28th, 2019

Many of us are guilty of opening a checking and/or savings account but not fully understanding their benefits or how to use them properly to make the most of our money. Each type of account has a different purpose and function, so understanding the differences helps you choose the right combination for you to better manage your personal finances, minimize overspending and make your hard earned money go farther. What Is A Checking Account? A checking account allows you to write checks, or withdrawal funds, as an everyday way to pay others. In the not so distant past, this was primarily done in the form of paper checks – documents… read more »