5 Personal Finance Tips for Living Stingy & Saving Money
Having an emergency savings fund is important for your peace of mind. Master your personal finances and save money by making these simple choices in your everyday life.
Save Money
When it comes to saving money, there are two distinct things to consider:
- How to reduce your expenses
- Where to keep your savings so your money works for you
In the articles below, we’ll be covering both of these topics. Right off the bat, you’ll be able to eliminate a lot of expenses by living frugally and choosing free versions of certain products or services instead of their paid counterparts. Then, you’ll learn how to save money on anything from groceries and electricity to online purchases and travel. From apps to credit cards, there are plenty of money-saving avenues to explore.
As you start to save money, the next piece of the puzzle is making the most of it by choosing the right places to store it. With a lot of bank accounts, you’re earning so little interest that your money is actually losing value to inflation. With that in mind, we’ll recommend high-interest bank accounts to use for your emergency fund and other savings, so you can start benefiting from compound interest. Money making money—it doesn’t get better than that.
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