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| Frugal Living Dollar-stretching tips, green/simple living, DIY, budgeting and general home economics. | ||||||
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| | #1 |
| Senior Member Join Date: Feb 2008 Location: Massachusetts, USA
Posts: 118
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| | #2 |
| Junior Member Join Date: Feb 2008
Posts: 20
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Reputation: | Yes, they do. And a comforting thought - every dollar you save is worth two you would have to earn to replace it (due to all the taxes and deductions that come from our checks) |
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| | #3 |
| Senior Member | They say with inflation a penny today will be worth ten cents in a decade. As a business operator I was always taught, watch your pennies and your dollars will fall in line.
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| | #4 |
| Senior Member Join Date: Jan 2008
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Reputation: | I don't know who says this, but they've got it just about backwards. Inflation makes the money you save today worth less 10 years from now. It's interest that makes it worth more, but inflation cuts into that. |
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| | #5 |
| Senior Member | I misspoke. Thanks for the correction.
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| | #6 |
| Senior Member | i never got into saving change too much. I do save it... because there's really not many options... but I would rather just transfer money into a high yield savings account. So, until my change jar can start cloning pennies I'm gonna stick to digital savings |
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| | #7 |
| Senior Member Join Date: Dec 2007 Location: Minneapolis, MN
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| | #8 |
| Senior Member Join Date: Feb 2008 Location: Massachusetts, USA
Posts: 118
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Reputation: | That's what I'm always looking for- ways to save that don't hurt too much. Like having it automatically withdrawn from my paycheck is good, too. Lisa |
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