Don't Wait Start Your Savings Now
Pick up a newspaper, turn on the news, or tune in the radio and you will hear how bad the economy is and how hard it is to get ahead in the down turn. I understand how hard it is today but that does not mean that you should wait to start your savings. You can get control of your money.
We have all been told that we need to have at least 3 to 6 months of living expenses put away for a rainy day. I would tend to agree we all should have that set aside but most of us are lucky if we get to the end on the month with money left over. In fact, for the majority of people broke comes about three days after payday. There are however some simple steps or ways that can help you to jump start your savings.
The first way to start your savings is to stop talking about it and doing it. Yes, I said get off your behind and start saving. It does not take a lot to get started even $5 each week is better than nothing each week. And it will begin to add up after a few weeks. Every little bit helps the key is to start your savings today and don't wait.
The next way to get going is to pay yourself first. I know, I know you have heard it before. Ever wonder why you hear it? Because it works. When you go to cash your paycheck put 10% of it into a savings account that you do not touch. If you bring home $400 each week that is only $40 each week but it adds up to $2080 each year. It may hurt for a couple of weeks or even months but if you keep doing it it will become a habit and you will learn to not miss the money. Better yet if your employer offers direct deposit have them put the 10% right into your money market or savings account and you will never miss it.
You have probably heard about the latte factor as well. This is simply watching what you spend and instead of the expensive fancy coffee every day just drink the regular and save $2 to $3 each day. Make sure you put that savings away or you will spend it on something else. If you are thinking you don't drink fancy coffee then check out your lifestyle and see what you do spend it on. I eat breakfast out three times a week but I order the weekday specials because they run about half the cost of order off the menu. I hope you get the drift. It is a great yet simple way to start your savings
I know nobody really likes clipping coupons but you can save an awful lot of money if you do. Again just make sure that you save the savings. You already have a food budget so when you clip the coupons and do not need to spend your entire food allowance put away the difference.
Use some sort of container to put all your spare change in every day. I have a porcelain cup sitting where I empty my pockets every night before bed. I just throw all my change in it and at the end of the month take it down to the bank deposit it into my savings. It adds up to $10 to $15 each month and just adds to my emergency fund.
Every little bit helps. The key is to start your savings today and don't wait. No sense talking about it and not doing it get started today, don't delay your financial freedom is worth the effort. You will be glad yo did when that financial emergency hits and it will they always do. But when you have some money socked away for it they seem to come less often. - 23221
We have all been told that we need to have at least 3 to 6 months of living expenses put away for a rainy day. I would tend to agree we all should have that set aside but most of us are lucky if we get to the end on the month with money left over. In fact, for the majority of people broke comes about three days after payday. There are however some simple steps or ways that can help you to jump start your savings.
The first way to start your savings is to stop talking about it and doing it. Yes, I said get off your behind and start saving. It does not take a lot to get started even $5 each week is better than nothing each week. And it will begin to add up after a few weeks. Every little bit helps the key is to start your savings today and don't wait.
The next way to get going is to pay yourself first. I know, I know you have heard it before. Ever wonder why you hear it? Because it works. When you go to cash your paycheck put 10% of it into a savings account that you do not touch. If you bring home $400 each week that is only $40 each week but it adds up to $2080 each year. It may hurt for a couple of weeks or even months but if you keep doing it it will become a habit and you will learn to not miss the money. Better yet if your employer offers direct deposit have them put the 10% right into your money market or savings account and you will never miss it.
You have probably heard about the latte factor as well. This is simply watching what you spend and instead of the expensive fancy coffee every day just drink the regular and save $2 to $3 each day. Make sure you put that savings away or you will spend it on something else. If you are thinking you don't drink fancy coffee then check out your lifestyle and see what you do spend it on. I eat breakfast out three times a week but I order the weekday specials because they run about half the cost of order off the menu. I hope you get the drift. It is a great yet simple way to start your savings
I know nobody really likes clipping coupons but you can save an awful lot of money if you do. Again just make sure that you save the savings. You already have a food budget so when you clip the coupons and do not need to spend your entire food allowance put away the difference.
Use some sort of container to put all your spare change in every day. I have a porcelain cup sitting where I empty my pockets every night before bed. I just throw all my change in it and at the end of the month take it down to the bank deposit it into my savings. It adds up to $10 to $15 each month and just adds to my emergency fund.
Every little bit helps. The key is to start your savings today and don't wait. No sense talking about it and not doing it get started today, don't delay your financial freedom is worth the effort. You will be glad yo did when that financial emergency hits and it will they always do. But when you have some money socked away for it they seem to come less often. - 23221
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If you want to get Get control over your money! then this report is for you Money Management Made Easy you will learn how to manage your finances.
posted by X - Men @ 3:03 AM
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