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SMI on the Radio - The Wisdom and Foolishness of Saving Money

SMI Executive Editor Mark Biller is on the radio today with Rob West and Steve Moore of Compass — Finances God’s Way. Their conversation takes a closer look at saving money — how much is too little and how much is too
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The Wisdom and Foolishness of Saving Money

When it comes to guidance about saving money, the Bible uses the word “fool” to describe two extremes—not saving anything and saving too much. In the first case, we’re told it’s foolish not to save: “In the house of the
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Keys to Teaching Your Kids To Save

Of all the things a kid (or we adults, for that matter) can do with money, saving it may be the most boring. Spending, of course, is fun. Investing and giving can be exciting as well. But saving money is all about setting
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Improve the Return on Your Savings with a ‘CD Ladder’

Looking for higher interest rates for your savings? Join the club. Rates on savings continue to scrape the bottom of the barrel. Even with the Federal Reserve announcing in December its first interest rate hike since the
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Various Takes on the Fed's Failure to Raise Rates

As is usually the case, opinion is all over the lot as to the wisdom of the Federal Reserve's decision to keep short-term interest rates at near zero levels. Here are links to (and brief excerpts from) some of the more
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Understanding the Important Difference Between “Yield” And “Total Return”

Yield and total return are concepts SMI has historically discussed in relation to bonds or other savings vehicles. But because our Dynamic Asset Allocation (DAA) strategy recently presented a scenario involving these
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How Much Emergency Savings Do You Really Need?

Money—or rather the lack of it—is the most common concern that keeps Americans up at night. Some 72% of respondents to a recent American Psychological Association survey said they are stressed over their finances at least
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Do EE Savings Bonds Have Any Redeeming Value?

Uncle Sam's EE savings bonds used to be an attractive deal. Introduced in the early 1980s, these safe bonds (backed by the "full faith and credit of the United States government") once paid an impressive 11% interest rate.
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Three Types of Savings Everyone Needs - What Could Go Wrong?

During an enjoyable dinner with my wife and some good friends the other night, I glanced beyond our dining room through the windows in our kitchen and was surprised to see the sky turning ominously dark. It had been a
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For Savings You Won’t Need to Draw On for Two Years or More

If you took shop class in high school, you learned the principle of "having the right tool for the job." That principle also applies to money management. Some savings/investing vehicles are suited for certain tasks but not
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