Monday, January 4, 2010

Are You a Saver?


By Karen Saley, Extension Specialist

You’ve probably heard it a million times…pay yourself first. Well I’m going to say it once more. You may think you don’t have any money to save, but I’m here to tell you that if it’s important, and it is, you will find even the smallest amount to set aside. You may be saying “if it’s such a small amount it won’t make a difference in my life so why bother.” It will make a difference because even if you aren’t able to save a substantial amount of money right now just the act of regularly saving will get you into the habit and when the time comes when you are able to save more it will make a great difference. Here are a few suggestions to get you started on your savings plan.

~Start by saving your change then add a dollar a day to that change
~Save every five dollar bill you come across.
~Track your expenses for a month to identify spending leaks.
~Make small sacrifices like that daily cup of coffee and save the money.
~Brown bag lunches can save a bundle.
~Seek out free entertainment
~Get your movies for free from the library
~Live below your means…don’t spend more money than you make!

Think of savings as a monthly expense just like any other bill you have and get in the habit of paying yourself first. Before you know it you will have a nice little nest egg.

For more savings tips along with other financial advice click on the link below


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