We Make Money Easy Episode 8 – Building Savings

Phil and Andre talk about ways to build your savings.

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Show Notes:

Savings accounts pay very little interest today, but it’s still crucial to have money saved up for emergencies and large purchases.

Use an online savings account, which tends to pay higher interest then your local bank.

Having a strategy to force savings (such as automatic deductions) will lead to a higher success rate in saving.

Cut unnecessary expenses and see what you can live without, for example cable TV.

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