A Few Truths
Gail started the week sharing a few of her tidbits of wisdom.
HISAs and Interest Rates
Gail already had us looking for High Interest Savings Accounts (HISAs) with good interest rates and she had instructed us to move our money to get it working harder for us, but she reminded us of the importance of this again this week.
Participants shared some of their banks and their HISA interest rates in this tweet.
Personal Economy
The focused turned, as last week did, to the concept of our personal economy.
Gail clarified what a “strong financial foundation” meant in a tweet.
A strong financial foundations includes the following:
1. A budget that YOU KNOW balances
2. No consumer debt
3. A car loan that’s not longer than 5 yrs
4. An emergency fund — 6 months of essential expenses
5. A curveball account
6. Enough / right kind of insurance
7. An up to date Will & POA for financial/medical
A Couple of Reminders
Just for Fun
Gail shared a throwback picture in a challenge to share a photo that no one would recognize as you. To see her photo and the other retro photos that people shared, go here 🙂
New to the Money Master Class? There’s still time to get started!
Check out this tweet to see all of Gail’s #MoneyMasterClass tweets from the start.
Check out my weekly recaps to get caught up.
Start here with the Money Master Class Intro and Week One Recap
Missed last week? Find it here: Week Fourteen Recap
frugal minded 