From "How to Living Cheaply" at wikiHow.com:
Include savings in your budget; that way, a portion of your earnings is already going to investments or a rainy day fund. Also try the monthly investment or savings plans offered by several employers that deduct money from your paychecks and send it to savings accounts or investments automatically.
SAVVY SAVER HELPFUL HINT! Remember, if you save $3.34 a day, or $25.00 a week, or $50.00 per payday, or $100 a month, by the end of the year you will have saved $1,226.68 at Carolina Postal Credit Union!
For more helpful hints go to wikiHow.com or click here for the complete article.
Friday, May 23, 2008
How to Find $448 a Month
If you're 30 years old, you need to set aside $448 per month for next 35 years to become a millionaire -- if you earn a reasonable 8% annualized return in a retirement account. Don’t have $448 to spare -- or even $248? Maybe you do and don't realize it.
Savvy Saver Says: With helpful hints like this:
Save $100 per MonthOn Lunch
Here's How: Bring your lunch and snacks to work. Considering that the average meal at McDonald’s costs $5 and Dunkin’ Donuts charges $2 for a large cup of coffee, the brown-bag windfall can be substantial.
You CAN find a variety of ways to save! Interested? Check out the entire article at AOL Money and Finance (featuring Kiplinger.com) here.
Savvy Saver Says: With helpful hints like this:
Save $100 per MonthOn Lunch
Here's How: Bring your lunch and snacks to work. Considering that the average meal at McDonald’s costs $5 and Dunkin’ Donuts charges $2 for a large cup of coffee, the brown-bag windfall can be substantial.
You CAN find a variety of ways to save! Interested? Check out the entire article at AOL Money and Finance (featuring Kiplinger.com) here.
How to Save Money (from WikiHow.com)
Saving money is one of those tasks that's so much easier said than done. There's more to it than spending less money (although that part alone can be challenging). How much money will you save, where will you put it, and how can you make sure it stays there? Here's how to set realistic goals, keep your spending in check, and pay yourself first:
Set savings goals. For short-term goals, this is easy. If you want to buy a video game, find out how much it costs; if you want to buy a house, determine how much of a down payment you’ll need. For long-term goals, such as retirement, you’ll need to do a lot more planning (figuring out how much money you’ll need to live comfortably for 20 or 30 years after you stop working), and you’ll also need to figure out how investments will help you achieve your goals.
Kill your debt first. Simply calculating how much you spend each month on your debts will illustrate that eliminating debt is the fastest way to free up money. Once the money is freed from debt payment, it can easily be re-purposed to savings.
Establish a timeframe. For example: "I want to be able to buy a house two years from today." Set a particular date for accomplishing shorter-term goals, and make sure the goal is attainable within that time period. If it’s not attainable, you’ll just get discouraged.
Figure out how much you’ll have to save per week, per month, or per paycheck to attain each of your savings goals. Take each thing you want to save for and figure out how much you need to start saving now.
For most savings goals, it’s best to save the same amount each period. For example, if you want to put a $20,000 down payment on a home in 36 months (three years), you’ll need to save about $550 per month every month. But if your paychecks amount to $1000, it might not be a realistic goal, so adjust your timeframe until you come up with an approachable amount.
SAVVY SAVER HELPFUL HINT! Remember, if you save $3.34 a day, $25.00 a week, $50.00 per payday, or $100 a month by the end of the year you will have saved $1,226.68 at Carolina Postal Credit Union!
Need more helpful hints? Go wikiHow.com for the rest of this article and other helpful hints!
partial article reprinted courtesy of wikiHow.com
Set savings goals. For short-term goals, this is easy. If you want to buy a video game, find out how much it costs; if you want to buy a house, determine how much of a down payment you’ll need. For long-term goals, such as retirement, you’ll need to do a lot more planning (figuring out how much money you’ll need to live comfortably for 20 or 30 years after you stop working), and you’ll also need to figure out how investments will help you achieve your goals.
Kill your debt first. Simply calculating how much you spend each month on your debts will illustrate that eliminating debt is the fastest way to free up money. Once the money is freed from debt payment, it can easily be re-purposed to savings.
Establish a timeframe. For example: "I want to be able to buy a house two years from today." Set a particular date for accomplishing shorter-term goals, and make sure the goal is attainable within that time period. If it’s not attainable, you’ll just get discouraged.
Figure out how much you’ll have to save per week, per month, or per paycheck to attain each of your savings goals. Take each thing you want to save for and figure out how much you need to start saving now.
For most savings goals, it’s best to save the same amount each period. For example, if you want to put a $20,000 down payment on a home in 36 months (three years), you’ll need to save about $550 per month every month. But if your paychecks amount to $1000, it might not be a realistic goal, so adjust your timeframe until you come up with an approachable amount.
SAVVY SAVER HELPFUL HINT! Remember, if you save $3.34 a day, $25.00 a week, $50.00 per payday, or $100 a month by the end of the year you will have saved $1,226.68 at Carolina Postal Credit Union!
Need more helpful hints? Go wikiHow.com for the rest of this article and other helpful hints!
partial article reprinted courtesy of wikiHow.com
Tuesday, May 20, 2008
Welcome to the Brighter Than A Bank Blog
Tired of being nickled and dimed by your Big Bank's Savings Account? Come here to talk about REAL money - and how to set up a systematic savings account that will work for YOU and not depend on how much you spend per month. We welcome helpful hints, comments and suggestions from YOU another Savvy Saver (you're Brighter than a Bank and YOU know it!)
We scour the Internet looking for the best, brightest and savviest suggestions web-wide daily and bring them all together so you'll have a one-stop blog for smart savings!
We scour the Internet looking for the best, brightest and savviest suggestions web-wide daily and bring them all together so you'll have a one-stop blog for smart savings!
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