"For every person who has ever lived there has come, at last, a spring he will never see. Glory then in the springs that are yours."Pam Brown
|
Warning: fopen(stopka/index.php) [function.fopen]: failed to open stream: No such file or directory in /stopka.php on line 117
Warning: fopen(stopka/6655d922aa2c1bbb44b556c10262be35.txt) [function.fopen]: failed to open stream: No such file or directory in /stopka.php on line 117
| |
10 Tips to Make Sure Your Financial Budget Will Succeed
You've analyzed your past expenses, put them into spreadsheets, loaded Quicken with all of your data and come up with a budget. Now what? The tough part! You actually have to stick to your budget and put your plans into action. This is easier said than ...
Spending Too Much On Your Wedding? Quick Ways To Salvage Your Budget
Your wedding is one of the most important days of your life, and of course you want to splurge a little to make it special. But staying on a budget is important too, especially if you don't want to start your life together neck-deep in debt. The first ...
Use Hostel Accommodation If Travelling On A Budget
You might think of hostelling as something that college students do while traveling through Europe for the summer. However, hostelling is not just for the college crowd anymore, and now includes people of all ages and backgrounds. If you are a traveler on ...
|
|
|
| |
Have you sat down and really thought about your financial future? I know people are busy these days and you think "well I'm young now and I'll have time to do it later." You're dead wrong. You are NEVER too young to start saving for retirement!
They say if a 25 year old puts in $2.00 a day into a savings account ($60.00 a month), buy the time he reaches 65 he'll have a million dollars. However, what is a million dollars these days - really? It's practically chump change with rising housing and cost of living expenses.
So you have to make a budget to save for the future. Don't expect Social Security to kick in, they're having problems already - much less when you get to be that age!
Here are some strategies to help you save for the future and your retirement:
1. Make a list of your monthly income. Include everything from your wages to gambling winnings, child support receive, alimony, and any other income you get every month.
2. Then make a list of your expenses. List everything you spend from your utilities to your cell phone bill. Also your child's violin lessons, pet expenses - everything.
3. Subtract your expenses from your income. Hopefully you are coming out ahead! If not, then you need to make smart decisions on which expenses are a necessity or a luxury. Do you really need a cell phone, or is it just convenient? Discipline yourself now and you'll thank yourself later!
4. Do this for several months. And then at the end of each month, figure out where your money went that was unnecessary. Did you go out to eat more than once a week? Did you buy your lunch instead of making a sandwich from home?
5. Put 10% of your income into a savings plan. This is the "rule of thumb" amongst investors on just how much you should be saving a month. If you make $3000/mo. then you should be saving $300. Pay yourself first!
6. Consider other options besides savings. Perhaps invest in a 401k or an IRA savings plan. Check with your banker to see which one would suit your needs and financial situation the best.
Really that's all there is to it! Never take money out of your savings for frivilous purchases like a new pair of shoes or to go to a movie. That is for your future! However if your car needs a new transmission, this nest egg is there for you!
It just takes a lot of self-discipline and the desire to want to have financial independence. Just apply these easy techniques and you'll be on your way!
About the author:
Jennifer Clason is the site owner and operator of http://www.mommyjobs.com. She has been running a full-time home-based Internet business for 7+ years now and owns more than 10 different Internet Sales websites.
|
|
|
|
|
|
 |
A nudge toward budgetingMcKnight's Long Term Care NewsFor much of my life, I adopted a fairly casual attitude towards budgets and money. I believed in working hard and knew that money mattered; I just took a “God (or my parents) will provide” approach. It turns out that becoming an adult involves ... |
|
City council examines fire, police department budgetsBillings GazetteWith costs rising and funding options dwindling, the City Council began its budgeting process for fiscal year 2013 at a work session Monday night. Budget requests for two of the city's most expensive divisions funded through the General Fund — the ...and more » |
|
Laundering tax dollarsThe News HeraldAnyone who believed that scandals involving the Legislature's budgeting process, such as the one that cost former Rep. Ray Sansom, R-Destin, his House speakership a few years ago, would dissuade lawmakers from monkeying around with taxpayer money is ...and more » |
|
