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.

 

Advertisement

Tagged: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

What’s this?

You are currently reading Financially Frugal in Tough Times at Finance with Chocolate Sauce.

meta

%d bloggers like this: