Sep 7, 2010
Tips How to Save Money
Saving is an important and responsible part of adult life. Saving keeps you liquid and makes gives you some risk-mitigating factor when it comes to emergencies. Saving is as easy as putting aside some money in a cookie jar or a little bit more forced such as instructing a bank to take it out of your paycheck and putting the money directly into a passbook-only account which is a lot harder to get money from. However you may do it, here are some tips how to save money you can use:
1. Got money in your pocket? Literally? Put your coins in a jar. That extra dollar you find in your pants everyday adds up to $365 in a year. Do it for several years and you have a nice sizable loose-change fund in your name earning some moeny on it’s own through interest earnings or maybe stock earnings(depending on where you put it).
2. List down what you spend. Knowing where you are putting your money will guide you on which places to cut back spending on. The extra money you have at the end of the month which goes into your savings can really add up if you cut down on a night out a week.
3. Impulse buying is not allowed. You don’t just go into an electronics store and leave with a two thousand dollar LCD television. Remember to think it over. Just by simply sleeping on a decision like this can give you some second thoughts on whether or not you really need that new large screen TV in your living room.
4. Get Health Insurance. Paying for medical insurance now will save you a lot of money when you get REALLY REALLY sick.
There are more ways to save out there and we’ll keep posting them as the days continue. Come back for more tips how to save money!.
