- Make Your Savings Hard To Get
This is a great one because the harder it is to get your money
then your less likely to use it. I peronally
put my savings in a credit union account that I don’t have a debit
account attached to. I think the no debit card is the key.
It makes it harder to access.
- Make your savings earn money
If your savings is just sitting in account and bearing interest
then your losing money due to inflation.
You want to place your savings in a high interest account
or if your not concerned about touching the money
you can try putting your money in a Certificate of Deposit.
Certificates of deposit are another way to
save and earn a higher rate of interest.
The only thing is you won’t be able to access
your money for a year or two.
- Invest In Dividend Stocks
Dividend paying Stocks are great way to grow your money for the long term
this will give your income growth faster then most investments.
Even stocks can go up and down as the years go on but that
are usually a solid investment.
Check out the Wealthbuilderz System and learn how to get paid
month after month from dividend stocks
- Alternative Investments
Are a option if you want to grow your money fast
but you have a leveled head when it comes to risk.
You can invest in commodities like gold, oil, orange juice or live cattle.
You can also invest in shares of boats or buy loans,
such as car title loans or commission advance loans.
The possibilities are nearly endless.
- Save The Fives
This is a savings trick for my folks that handle alot of cash.
Every time you get a $5 bill, tuck it into a spot in your wallet and don’t spend it.
That’s right, every $5 bill you come across just stash it away.
At the end of the week or month go ahead and put it in your savings account.
- Save Your Savings
If you’re frugal, you probably buy a lot of items
when they’re on sale, like clothes.
But what do you do with the money you’re saving
when you buy at a discount?
You probably use it to buy more stuff.
Here’s a good way to save those savings.
When you go to buy an item that’s on sale,
ask yourself if you would still buy the item if it were not on sale
the answer should always be yes or don’t buy it.
Take the amount you saved, and deposit it into your savings account.
So, when you pay $25 for that shirt that was originally $40,
put the $15 difference into savings.
- The Money Is In Your Attic Or Basement
Your attic and basement are storing items
that you can sell and make some good money.
That are multiple ways you can sell your items.
- Round Up
Whenever you make a purchase,
round up the amount to an even dollar value and save the change.
There are some credit and debit cards
that will do this for you or you can do it yourself.
At the end of the day or the end of the month when you get your statement,
look at all your transactions and round up each one.
Put that money into your savings account.
- Automate Your Savings
alot of folks find it hard to just go and put a portion of your income into
a savings account and you may find it hard also.
I suggest automation
this wil be helpful and make your life just that easier.
- Build an Emergency fund
Things happen and having an emergency fund is definitely
a needed thing. You never know when and situation might happen
where you lose your job or some unforseen situation can occur.
