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Financial Lessons From The Great Depression We Can All Use Today

We could all use financial lessons. The talk of an economic recession happening is around us. Thankfully, we’re not nearly in as bad of a place as we were when…

Electronic Transaction Fees/Official Fees

An Act To Amend The Consumer Finance Act To Allow The Recovery Of
Electronic Transaction Fees Imposed By
Third Parties And To Amend The Retail
Installment Sales Act To Clarify The Definition Of Official Fees.

fizkes/Shutterstock

We could all use financial lessons. The talk of an economic recession happening is around us. Thankfully, we’re not nearly in as bad of a place as we were when the Great Depression hit. But, the experience and financial lessons from that can be used and help us all today. Here are some of them.

  • Be prepared to move, if necessary. Your income will go further if you move to an area with a lower cost of living, and with remote working becoming more common, you don’t necessarily need to be tied to an urban area anymore for work.
  • Watch every penny. Even small amounts of spare change add up and can make a bigger difference than you realize.
  • Learn to cook. The cost of eating does go down a lot when you’re making meals at home instead of eating or ordering out constantly.
  • Fix everything. A lot of us just replace something when it’s broken, rather than fixing it with a little work (that’s free!).
  • Conserve everything. Cutting back and really looking at how high your electricity usage or water bill is can put things in perspective for you and can make you double-think when you go to take an extra long shower.

I am sure a huge proponent that every penny can make a difference. It really does add up!

North Carolina Has One of The Best Cities to Save Money In

With today's inflation, saving money should be on everyone's list. A new study by Student Beans has revealed where the most cost-effective cities are in the USA; and who were the most money-savvy states when it came to finding discount codes. If you are looking to save money in North Carolina, one of our cities made the top 10 list.

According to the study, Miami is the capital for saving money in the US. This surprised me a little bit. It seemed quite expensive to me. Atlanta is the second-best money-saving city in Georgia after Georgia as the leading money-saving state. On our index, they all scored above 90/100, including Minneapolis, Tampa, and Las Vegas. How did Las Vegas make the list? Las Vegas scored a 90 out of 100 because the residents work hard (to save their money), play hard (and spend it).

Most of the top money-saving states are located on the east coast. A study on saving money showed New York, the most expensive and largest city in the US, ranked second-worst! Montana is the worst state in the nation for saving money, followed by Wyoming, Idaho, and Washington. I guess the North West isn't so great at saving that cash.

10. Sacramento

Population: 525,398

Final Rank: 78.8

9. Baltimore

Population: 575,584

Final Rank: 80

8. Denver

Population: 749,103

Final Rank: 81.2

7. Houston

Population: 2,323,660

Final Rank: 82.8

6. Raleigh

Population: 483,579

Final Rank: 83.2

5. Las Vegas

Population: 667,501

Final Rank: 89.6

4. Tampa

Population: 404,636

Final Rank: 94

3. Minneapolis

Population: 439,012

Final Rank: 95.2

2. Atlanta

Population: 524,067

Final Rank: 98

1. Miami

Population: 478,251

Final Rank: 98