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Why you should almost always use a credit card over a debit card

[CNBC] Many people’s first experience paying with plastic instead of cash is their debit card, which gives consumers direct access to the money in their checking account. But while debit cards have certain advantages over credit — they don’t let consumers easily rack up debt the same way that credit cards do, for example — they […]

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I created a ‘do not spend for 2 years’ fund, and financial experts shared 5 places to keep it to earn the most interest

[Business Insider] I created a “do not spend for two years” fund — money that I want to use down the road to start a new business venture or pay for my honeymoon.In the meantime, I want to earn the most interest possible, so I got some advice from financial experts.They recommended a CD, a […]

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3 signs you’re good with money, according to a financial planner

[Business Insider] Being “good” with money isn’t a right or wrong question. It’s more about how you think about your money.One sign that a person is good with money is an understanding of asset protection — if you have the right insurances in place, I know you’re thinking about the future.Understanding inflation and investing your […]

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My parents have relied on the same budgeting strategy for over 50 years, and it’s helped them retire with tons of cash in the bank

[Business Insider] When my parents first got engaged, my father went to the library to read about “married peoples’ finances.” The book he checked out recommended tracking every penny of your spending, then budgeting based on your spending.Following that advice for over 50 years has allowed them to buy homes, put us through college, and retire […]

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6 reasons I keep most of my cash in a savings account instead of in checking

[Business Insider, Getty Images] A checking account should be a stop for your money on its way to somewhere else, not a final destination.Putting money aside for a major purchase, like a house or car, in a high-yield savings account means you earn interest on your large balance, helping it grow even faster.Separating your money into […]

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