| |
| |
|
Personal Finance Information |
|
|
|
Saving Dimes Can Go a Long Way
On the other hand, there are those people who are saving dimes and every other cent. Perhaps its because they hate the clutter of change but want to get rid of it instead of letting it accumulate elsewhere or still rely on the fact that change has value and should be used accordingly. For those who find it hard to save, start with a small piggy bank and contribute any lose change to that bank and let it grow. Change that you were going to use to buy a snack from the vending machine or soda, use to contribute to your piggy bank. Bring snacks and drinks from home to save on cash. Saving dimes may seem difficult to do but as stated before simply start contributing any lose change into a piggy bank. Then take on the next step. If you haven't created a personalized budget for yourself, now is the time to do so. A personalized budget lets you know how much money you have going out and how much money you have going in based on a monthly budget. Included in money going out will be all expenses for the month from mortgage/rent, utilities, food, gas, etc, and money that you are contributing to your savings. Income sources are listed under money coming in. Ideally you'd like to have more money coming in then going out. If you have more money going out, you are likely in debt, or on your way to debt. If you are realizing that your expenses are outweighing your income then you need to learn to cut back on certain expenses. Make your lunch inside of buying it everyday, rent movies instead of going to the movies, or walk instead of drive if feasible. In order to prevent yourself from spending your paycheck once you receive it, see if you can have a portion of it deducted and put into a separate account that way you don't even see it and therefore wont spend it. This way it seems as if you are working to pay yourself first, opposed to just working to pay your bills. Always remember in case an emergency arises you then have this money to turn to. Do you have goals in life? Think back to your piggy bank scenario. All that time spent saving dimes can be put towards something, even if it's only a small chunk of money, it can then be added to your savings account periodically. Aim to achieve your goals, and once you do, you will feel the success from accomplishing them and be able to set new goals to strive for. So perhaps you don't have any goals at the moment that involves taking a trip, getting out of debt, saving for a new house or so forth but think about why it's important to save money regardless. What happens if your car breaks down, you need a new roof, or need to pay out of the pocket medical expenses? Most people don't have cash easily accessible for these situations so that's why it's important to have an emergency cushion available to be able to afford these expenses and avoid debt, so start saving dimes today! Are you planning on retiring someday, if so you'll need to set aside some money to be able to live comfortably in your golden years. Today people are living longer due to advances in medicine and public health which means if you live longer you are going to need more money to get by. Although social security may provide you with some income in your future, it was never intended to be a primary source of income. Education isn't getting cheaper; the cost of private and public education is increasing every year. Don't put yourself at risk. What happens if you need a root canal, surgery, or whatever the personal case may be you don't want to be forced to take out a loan or put yourself in debt just to take care of your well being. So with that said, start saving dimes today. Start small by saving dimes and then work your way up to a savings account, which will gain more interest with the more money you contribute. Katie Spencer is a contributing writer for a number of international financial journals both online and in print. Katie has been delivering financial education to the public in a variety of areas to include budgeting, credit and debt management, and money saving tips. Recently, Katie has been in partnership with a national educational foundation to deliver financial advice to American consumers via the web. For more information and to read the latest articles published by Katie, please visit http://www.savingdimes.com.
MORE RESOURCES:
Personal-Finance - Google News |
|
|
|
RELATED ARTICLES
10 Steps To Improve Your Financial Situation Here are ten steps you can follow to help improve your personal financial situation and inevitably save more money:1. Pay Yourself WeeklyThis may seem a bit odd, but this is an excellent way to start building a substantial savings. Accessing Funds You Never Knew You Had- Household Utilities and Mortgage Expense Reduction Plan For most of us the process of getting out of debt and pursuing a venture that would create an income stream leading to early retirement seems just a pipe dream. It goes without saying; it takes money to make money. Are You Sick of the Financial Insecurity of Fluctuating Seasons and Income? Finding a stable and secure income that will come year in, year out, no matter what happens on the farm, will give you real peace of mind. By investing off farm, you are not only providing a secure income now, but also preparing for retirement. How To Place an Online Order for Checks - It is Easy as 1-2-3 If You Have an Existing Account and 5 Minutes, You Can Place Your Online Order that Easy!Ordering checks online has become very popular for a number of reasons. The main reason for the majority of people is because they can choose a fun design that fits their personality that is not available at their local bank. Why Live Frugally What is it about being frugal, why do it at all? Actually, some people don't do it at all, they have decided that what they want and desire is what they are going to get and they feel they deserve it. I have no trouble with that; more power to ya, live long and prosper and may you die with the most toys. How Check 21 Affects You The Check 21 Law is the new federal law for financial institutions and has taken effect last October 28, 2004.Before the Check 21 law was enacted, your paper check had to be physically transported from where the check was paid out before it could be deposited to the financial institution. Bank On It: Places to Hide and Invest Money Today I passed a thermometer at a bank that read 110 degrees, but I am not telling you that to show you how hot it was. I am telling you that because this bank really needs to fix their thermometer. Personal Finance - Have Consumers Had a Belly Full of Personal Debt? For months, we were trigger-swipe happy, putting our groceries, clothes, holidays and service charges on our credit cards. We wanted mortgages, we took out loans, we watched Property Ladder and What Not To Wear. The Benefits of Banking Online How many drawers did you have to look through to find a bank statement the last time you needed one? Chances are you did not lay your hands on it as readily as you would have liked. If that is a familiar scenario in your home, help has arrived in the form of online banking. University: A Course in Personal Finance Recent findings from the Educational Policy Institute indicated that the UK is the third most expensive place in the world to go to university. Combine this with figures from the Prudential, showing that a third of university students have considered abandoning their studies due to the financial strain they have encountered, and it is not surprising that many prospective students are finding the need to seriously think through the merits of going to University. Whats The Truth Behind Your Finances? Between 15 - 20% of people in our country (UK) own there own businesses. This statistic is on the rise thanks to the incredible invention of the Internet. Banks Are More Than Just A Place To Park Your Money If you've been to a shopping mall lately, you've probably discovered two different banks within a few feet of each other. Go inside the food store in that shopping plaza and you'll see yet another one, just waiting to offer their services to you. Single Mother Resources Directs You Towards Success As a parent you are bound to face a few challenges but as a single mother you are bound to face challenges almost everyday. Raising a child is not meant to be done alone however today it is occurring more often then traditional value holders would like to see. If All Things Are Possible, Why Cant I Balance My Checkbook? For me, the most terrible time of each month is the day our bank statement comes. We commonly call it BSS (Bank Statement Syndrome). Financing Collectibles for Fun and Profit With the advent of the internet and especially auction services like those provided by Yahoo and E-bay, serious collectors have much larger arenas in which to buy and sell their wares. This provides the opportunity for quick discovery of hard-to-find items that previously might have taken years to find. How You Feel Affects How You Shop & How Much You Spend Have you ever stopped to think about how your "mood" affects the way you shop, not to mention the amount you spend? Think about it.If you want to save a lot of money, avoid shopping whenever you are in one of these moods:DEPRESSED, UPSET, or ANGRYIt's very dangerous for your pocketbook to shop when you're either depressed, upset or angry. Bankruptcy Chapters Explained Chapter 7The potential chapter 7 debtor should understand that a straight bankruptcy case does not involve the filing of a plan of repayment as in chapter 13, but rather envisions the bankruptcy trustee's gathering and sale of the debtor's nonexempt assets, from which holders of claims (creditors) will receive distributions in accordance with the provisions of the Bankruptcy Code. Part of the debtor's property may be subject to liens and mortgages that pledge the property to other creditors. Budgeting is Essential for a Single Mothers Success Today many women are struggling with debt and it's even harder if you are a single mother trying to support your family. According to the Census Bureau single mothers far outweigh single fathers. Dramatically Improve Your Stock Trading Success Get Access to Realistic profitable strategies & discover the mindset to dramatically improve trading success.* Avoid those confusing "cookie cutter" technical analysis tips and tricks that you can read anywhere else for free. Top 10+ Ways to Jumpstart your New Year's Finances! Of course, these don't have to be done in any particular order! Just pick one or two that particularly apply to your situation. * Create your 2005 filing system.
|
| home | site map |
| © 2006 |
