Money Matters

#MoneyMasterClass Recap–Week 15

A Few Truths

Gail started the week sharing a few of her tidbits of wisdom.

HISAs and Interest Rates

Gail already had us looking for High Interest Savings Accounts (HISAs) with good interest rates and she had instructed us to move our money to get it working harder for us, but she reminded us of the importance of this again this week.

Participants shared some of their banks and their HISA interest rates in this tweet.

Personal Economy

The focused turned, as last week did, to the concept of our personal economy.

Gail clarified what a “strong financial foundation” meant in a tweet.

A strong financial foundations includes the following:

1. A budget that YOU KNOW balances
2. No consumer debt
3. A car loan that’s not longer than 5 yrs
4. An emergency fund — 6 months of essential expenses
5. A curveball account
6. Enough / right kind of insurance
7. An up to date Will & POA for financial/medical

A Couple of Reminders

Just for Fun

Gail shared a throwback picture in a challenge to share a photo that no one would recognize as you. To see her photo and the other retro photos that people shared, go here 🙂

New to the Money Master Class? There’s still time to get started!
Check out this Twitter Archive to see all of Gail Vaz-Oxlade’s #MoneyMasterClass tweets from the start.
Find the resources, spreadsheets, and quizzes here: Money Master Class
Check out my weekly recaps to get caught up.
Start here with the Money Master Class Intro and Week One Recap

Check out Gail Vaz Oxlade’s books here:*

Check out Gail Vaz Oxlade’s books here:*

Money Rules
Debt Free Forever
Money Smart Kids

*This list contains affiliate links. As an Amazon associate I earn from qualifying purchases.

What are your thoughts? Let us know in the comments!

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