Financially Frugal in Tough Times

November 3, 2011 § Leave a comment

The next tip is to set money aside for a reserve. Put $500, $1000, even, (gasp!), 3 – 6 months of expenses, away in a high-interest savings account that is available, though not too available. FDIC insured high-interest accounts like PayPal, ING Direct and others offer no strings-attached, no minimum balance accounts that have been paying higher-than-your-local-credit-union interest. Face it: You are not going to win the lottery. So, manage your finances the old-fashioned way, by being disciplined.

 

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