Saving Money Myths

Category: Finances Articles
Created on Saturday, 17 March 2012 Written by druon

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We all like to think that we will do our best when it comes to our finances. We think we save money, but we have never really sat down and done the math. You might be surprised if you did.
Here are the top five myths of saving money, we fall for:

First Savings accounts save us money

With money in a savings account for emergencies is a good idea. It is easy to reach, but not too simple. But if you look to save money or make your money will work for you, an old-fashioned savings account is not necessarily the best way to go. First you have to what you are looking to the payment of interest.

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