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How To Save


How To Save
 
Set Savings Goals
 
 Start with 5-10 percent of every paycheck. It’s easiest if your employer deducts it from your pay because you don’t miss money you don’t see. You could also ask your bank to move it from checking to savings every month or make automatic investments into a no-load (no sales charge) […]

Ways to Make Your Savings Grow Faster!


Ways to Make Your Savings Grow Faster!
 
 

Put cash you don’t need right away in three- or five-year CD’s. If you need the money and have to break into the CD before it matures, you might pay a six month interest penalty. But that’s nothing compared with the penalty you’re imposing on […]

Dusting Off the Piggy Bank


Dusting Off the Piggy Bank
 
Long-term investing is your best hedge against inflation, but you need to save in order to invest. This can be tough to do. Have you ever noticed that after you pay your monthly bills, buy groceries and cover your other expenses, you have little left in your paycheck? Consider […]

Mending the Holes in Your Pocket


Mending the Holes in Your Pocket:
Knowing Where Your Money is Going
 
 
“Look at what’s happening to you! You have planted much but harvest little. You eat but are not satisfied. You drink but are still thirsty. You put on clothes but cannot keep warm. Your wages disappear as though you were putting them in […]

Record Keeping Basics


Record Keeping Basics
 
Income —In this project, income is anything used to pay expenses and could include bonuses, investment gains, gifts or an inheritance. Record savings withdrawn to pay expenses as income and classify money put into your savings account as an expense.
 
Salary —It’s simpler to include as salary only your take home pay. […]