Monday, July 28, 2008

Start saving now!

Nowadays, it is imperative for us to assess our finances. The stock market is not as robust as it used to be due to the real estate market downturn. Prices are climbing faster that we haven't expected like gas prices which affected other commodities that we are already feeling the pinch. There are a lot of jobs cuts and downsizing among big or small companies. While we have a job and a steady income, it's high time for us to be good with saving and making them work for us. Evaluate whatever savings accounts that are out in the market today. They might not serve us best. There is a site that can help us find the right bank at the best rates for CDs, checking accounts and savings accounts. Right now, emoneycentral.com have listed savings accounts that can earn up to 3.66% annual percentage yield (apy). These are federally insured up to $100K so we can still get our money back in case the bank will fall. Everything to know about those accounts can be found there for a wiser decision. It's a very informative and helpful site if we are serious in saving money which I believe we should be to be able to survive with the times.

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