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From Frugal to Free
Frugal adventures on the road to financial freedom.

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  • Personal Finance

Get a High Yield Savings Account Before It’s Too Late

Posted on August 28, 2019August 25, 2019by Kathryn Vercillo

Right now is a great time to put your money into a high yield savings account. That’s because interest rates are particularly high right now. However, some people say that high yield savings accounts are doomed. Therefore, you’ll want to act now, just in case. What Is a High Yield Savings Account? How much interest […]

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  • Personal Finance

Why I Put $9 Into My Savings Account

Posted on January 11, 2016July 7, 2016by Kara

Last week as I was walking into a meeting I found a $20 bill on the ground. A windfall! It was the most exciting thing to happen to me all day. Now, like any good pf blogger, my first thought was that the universe had given me a little boost to my savings. But to be totally […]

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Frugal’s Financial Guidelines

Start with these simple guidelines to save money and invest in your future:

  1. Write down own the top three reasons you want to save money. Post it as a reminder to keep on track with your goals.
  2. Learn to budget. Then do it, diligently.
  3. Cut costs. Reduce spending by 10% across all categories.
  4. Direct deposit 10% of every paycheck directly into savings. Build up an emergency savings fun with a minimum of $1000. Aim for six months of living expenses.
  5. Maximize retirement savings. Contribute as much as you can, especially if you have an employer-matching plan.
  6. Begin investing in small ways. Use apps to begin investing with just a tiny amount of money. Learn how it works.
  7. Build credit wisely. Use a credit card for monthly expenses. Pay it off on time every month.
  8. Learn to communicate about money. With everyone. The better you get at talking about money, the more you’ll set yourself up for financial success in all areas of your life.

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