RTC Team

Why Is a Higher Interest Rate Important When Saving Money

why is a higher interest rate important when saving money

Interest rates affect your financial decisions, especially when it comes to saving money. It’s the percentage of principal balance earned from deposit accounts or the amount of money that the lender charges. The Federal Reserve changes the interest rates based on the current situation of the economy to achieve ideal …

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How to Start Saving Money as a Teenager

How to Start Saving Money as a Teenager

There are several reasons why you should start saving money as a teenager. Not only does it allow you to have more control over your finances but it also teaches you how to balance your income and expenses. In this personal finance guide, we’ll discuss how to start saving money …

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How Does Murphy’s Law Apply to Saving Money

How Does Murphy’s Law Apply to Saving Money

You already know that preparation and planning are critically important, especially when it comes to your personal finances. It surprises you pleasantly when things go better and allows you to manage difficult situations easily. Murphy’s law is also about unexpected financial situations. In this article, we’ll discuss how this law …

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Top 10 Brilliant Money-Saving Tips

Top 10 Brilliant Money-Saving Tips

Saving money can sometimes be difficult, but developing strategies, doing some important research on big purchases or large bills, and looking over your budget can really assist you when it comes to trying to save some money or reduce the flow of money that leaves your bank account every month. …

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Why Is Saving Money So Hard?

Why Is Saving Money So Hard?

Saving money is the most important part of achieving financial freedom. It allows you to prepare yourself for difficult situations and manage unexpected expenses easily. However, it can be hard to save money for most people. In fact, less than 50 percent of the US population has $1,000 in cash …

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How to Start Saving Money in Your 20s

The habits that you develop in your 20s follow you throughout your life. The biggest changes, such as getting married and establishing a career, take place in this stage of life. Additionally, the decisions you make in your 20s can have a permanent impact on your financial future too. You …

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Frugal Living Tips With a Big Impact

Frugal Living Tips With a Big Impact

Living frugally is a lifestyle to some people, and a necessity for others. Whatever your reasons for living frugally, certain decisions can have a really big impact on your life if you execute them the right way. Whether that’s repairing a car yourself or managing to save 10% of your …

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