Start Your Savings One Step At A Time
It is very important in this day and age to start your savings plan right away. Do not let the news media and all the news about our lousy economy get you down. With the high cost of things today I know that it can be hard to save but it can be done. You can get control of your money.
Most financial people tell us that we need to have 3 to 6 months of living expenses in an emergency fund and I would whole heartily agree with them and in fact I have raised my belief that now is a time to have at least 8 months worth socked aside. Unfortunately, if you are not independently wealthy, even a couple of thousand in an emergency fund is not to impossible let alone 3 to 8 months of living expenses. However, rest assured that the situation is not hopeless and never has been hopeless. Let me give you a few simple ways to jump start your savings account.
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.
You have probably heard this second way to start your savings a hundred times but that is because it is so true. Pay yourself first! Set up your own bill payment to yourself and deposit it into your savings account every payday. It is much easier if you can get your employer to direct deposit this into your savings account or money market. After just a short time you will never miss what is taken out of your check each week.
Still another simple way to jump start your savings is to stop eating out and spending extra money on fancy drinks like cappuccinos and energy drinks at $4 a pop. Then put what you save into your savings account every week. Add it up and you will see yourself socking quite a bit away.
Every payday I set aside a grocery allowance for my wife to use for food and household supplies. She in turn is very careful in what she buys. She will clip coupons and buy what is on sale in order to cut the costs then she stashes the extra in a secret place until she has a couple of hundred and we put it into our emergency fund. We like the food she buys so if she tries something that is cheaper and we do not like it then she goes back to the more expensive stuff. Remember sometimes cheaper is not always cheaper.
Men, empty the change from your pockets every night into a special container. Ladies, clean out your purse of the change laying around in it every couple of days and put it into that special container. Not only will that build up your savings but ladies your bag will not be so heavy and men no boatload of pennies and nickles jangling. This can add up to $10 to $20 every month or $120 to $240 every year. I know not much but combine that with the other tips above and it adds up to a sizable amount.
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. - 23305
Most financial people tell us that we need to have 3 to 6 months of living expenses in an emergency fund and I would whole heartily agree with them and in fact I have raised my belief that now is a time to have at least 8 months worth socked aside. Unfortunately, if you are not independently wealthy, even a couple of thousand in an emergency fund is not to impossible let alone 3 to 8 months of living expenses. However, rest assured that the situation is not hopeless and never has been hopeless. Let me give you a few simple ways to jump start your savings account.
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.
You have probably heard this second way to start your savings a hundred times but that is because it is so true. Pay yourself first! Set up your own bill payment to yourself and deposit it into your savings account every payday. It is much easier if you can get your employer to direct deposit this into your savings account or money market. After just a short time you will never miss what is taken out of your check each week.
Still another simple way to jump start your savings is to stop eating out and spending extra money on fancy drinks like cappuccinos and energy drinks at $4 a pop. Then put what you save into your savings account every week. Add it up and you will see yourself socking quite a bit away.
Every payday I set aside a grocery allowance for my wife to use for food and household supplies. She in turn is very careful in what she buys. She will clip coupons and buy what is on sale in order to cut the costs then she stashes the extra in a secret place until she has a couple of hundred and we put it into our emergency fund. We like the food she buys so if she tries something that is cheaper and we do not like it then she goes back to the more expensive stuff. Remember sometimes cheaper is not always cheaper.
Men, empty the change from your pockets every night into a special container. Ladies, clean out your purse of the change laying around in it every couple of days and put it into that special container. Not only will that build up your savings but ladies your bag will not be so heavy and men no boatload of pennies and nickles jangling. This can add up to $10 to $20 every month or $120 to $240 every year. I know not much but combine that with the other tips above and it adds up to a sizable amount.
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. - 23305
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Every body can Get control over your money! Every one can start your savings and get going and this report will help click Money Management Made Easy
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