Saturday, November 9, 2013

4 Great ways to save money

                     

                  Need Money Saving Ideas?!

                             


             EASY MONEY SAVING TIPS

Saving money is not always an easy task, especially in today's economy. Although saving may not be easy it is important. There are many reasons we save. Whether you're saving for a family trip, a new computer or your retirement plan know that it is possible to meet your goal. I'm going to share some of my favorite ways to save money. It may not be easy at first but over time it will become habit and before you know it you will reach your financial goal. 

KEEP THE CHANGE: This may not seem like a good way to save a lot of money but you will be amazed at how much change you can accumulate in a day. There are 365 days in a year and if you are saving all of your change at the end of the day you are at least making small steps towards your goal.



A DOLLAR A DAY:  This concept is the same as Keep the change except you are keeping all of your $1 bills at the end of the day. Reminders 365 days in a year!!! If you're saving at least $1 per day you're guaranteed at least $365 at the end of the year. That may not seem like a lot of money but it's better to save a little than none at all.




CAN'T MISS WHAT I DON'T SEE: If you have direct deposit you're half way there. Most direct deposits allow you to take a percentage of your pay and place it directly into a savings account. This is a excellent way to save because it's place in a savings account before you even see it. Out of sight out of mind! You can choose to transfer 5% to 50% into your savings account each pay period. You can do this online, at your bank or through your employer.




52 WEEKS IN A YEAR: I came across this great chart that shows you how to save $1378 in a year. The concept is to match the dollar amount with the current week. Example: Week 1 save $1 Week 2 save $2 ...... It's fairly simple and won't break your pockets. I started this process late but it's better late than never. 




I hope these money saving tips were helpful. If you have some money saving tips that you would like to add please comment below. If you try any of these tips let me know how it worked out for you?


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