Welcome to the #2 edition of Carnival of Banking and Money Management! We are a weekly collection of the best posts in finance. Next week will be hosted on Credit Cards Canada. Be sure to submit your post for next week!
Credit Cards
Janet presents Desjardins Launches Program to Encourage Responsible Credit Card Use posted at Credit, Eh: Venerable banking giant Desjardins is launching a program meant to encourage responsible credit card use. The idea is to educate Canadians about the dangers of credit card use — and encourage them to save more.
Debt
Alex Young presents Yell0BrickRd: Managing Debt posted at Yell0BrickRd: A big part of speeding up the journey to wealth revolves around getting a handle on managing new debt, after I dispose of old debt for silly things I bought. There are plenty of companies whom, when you analyze their financial statement, have plenty of debt. So how is it that they are still able to report record profits etc. The reason is because debt is actually supposed to make you rich!
Matthew Paulson presents Four Audiobooks That Will Help You Get Out of Debt posted at Audiobooktopia.
Bank Accounts
Nathan presents Why Money Market Accounts are Great for Emergency Funds posted at Best Banks Online; One of the basic rules of personal finance is to make sure you have an emergency fund. An emergency fund is a short-term savings account that provides you with access to money when you need to cover unexpected expenses.
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