Comments on: Summer Savings Series #6: Saving tip: Save Like You’re Paying Off A High Interest Debt

By: Chris

Chris — Mon, 17 Nov 2008 21:32:49 +0000

Great advice, its not only about paying yourself first, but also making the most of that payment. I use high interest savings accounts to maximize the return on my savings. In today’s bank crisis, I know people are leary as I was. But I recently found that the FDIC has made some changes. I only will put my money in an FDIC insured savings account.

FDIC now insures up to $250,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts, your total deposits can be insured up to $500,000; that’s up to $250,000 in all your individual accounts and up to an additional $250,000 in your joint accounts.

By: Carnival of Financial Goals #9 - Credit Withdrawal - Helping You Kick the Credit Habit

Mon, 04 Aug 2008 12:23:01 +0000

[...] at BibleMoneyMatters presents Save Like You’re Paying Off a High Interest Debt – Peter has an important, if somewhat disturbing self-discussion with his future self about sending [...]

By: Frugalchick

Frugalchick — Thu, 10 Jul 2008 04:04:23 +0000

I should try this and maybe it will help me save more. I remember when I was paying off high interest debt and I was very intense. Saving money shouldn't be any different. Frugalchicks last blog post..Fully funded emergency fund

By: Money Hacks Carnival #19 — Personal Finance Destinations | Money Hackers Network

Thu, 10 Jul 2008 03:02:12 +0000

[...] Save like you’re paying off a high interest debt posted at Bible Money Matters — “A hack for saving money.” [...]