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How do a savings account and a retirement account differ? A savings account helps to insulate you from financial emergencies or unexpected expenses. A retirement account consists of money you are putting away for the specific purpose of retiring.

Maintaining a working budget is key to your financial well-being. One way to stick to your predetermined spending goals is to use the “envelope method.” This simple but effective way to monitor spending is a great way to make your budget work for you.

Your budget is a tool that you design to help you get the most out of the money you have. Since you are in charge, the money making decisions are up to you. Here are some tips that will help you succeed on a budget.

Creating a spending plan is a smart way to give your money direction. The choices you make about where and when to spend your money affect nearly every aspect of your life. Fortunately, basic money management is a skill that’s easy to learn and will allow you to stick to a budget.