On the other hand, there are those people who are saving dimes and every other cent. Perhaps its because they hate the clutter of change but want to get rid of it instead of letting it accumulate elsewhere or still rely on the fact that change has value and should be used accordingly. For those who find it hard to save, start with a small piggy bank and contribute any lose change to that bank and let it grow. Change that you were going to use to buy a snack from the vending machine or soda, use to contribute to your piggy bank. Bring snacks and drinks from home to save on cash.
Saving dimes may seem difficult to do but as stated before simply start contributing any lose change into a piggy bank. Then take on the next step. If you haven't created a personalized budget for yourself, now is the time to do so. A personalized budget lets you know how much money you have going out and how much money you have going in based on a monthly budget. Included in money going out will be all expenses for the month from mortgage/rent, utilities, food, gas, etc, and money that you are contributing to your savings. Income sources are listed under money coming in. Ideally you'd like to have more money coming in then going out. If you have more money going out, you are likely in debt, or on your way to debt.
If you are realizing that your expenses are outweighing your income then you need to learn to cut back on certain expenses. Make your lunch inside of buying it everyday, rent movies instead of going to the movies, or walk instead of drive if feasible.
In order to prevent yourself from spending your paycheck once you receive it, see if you can have a portion of it deducted and put into a separate account that way you don't even see it and therefore wont spend it. This way it seems as if you are working to pay yourself first, opposed to just working to pay your bills. Always remember in case an emergency arises you then have this money to turn to.
Do you have goals in life? Think back to your piggy bank scenario. All that time spent saving dimes can be put towards something, even if it's only a small chunk of money, it can then be added to your savings account periodically. Aim to achieve your goals, and once you do, you will feel the success from accomplishing them and be able to set new goals to strive for.
So perhaps you don't have any goals at the moment that involves taking a trip, getting out of debt, saving for a new house or so forth but think about why it's important to save money regardless.
What happens if your car breaks down, you need a new roof, or need to pay out of the pocket medical expenses? Most people don't have cash easily accessible for these situations so that's why it's important to have an emergency cushion available to be able to afford these expenses and avoid debt, so start saving dimes today!
Are you planning on retiring someday, if so you'll need to set aside some money to be able to live comfortably in your golden years.
Today people are living longer due to advances in medicine and public health which means if you live longer you are going to need more money to get by.
Although social security may provide you with some income in your future, it was never intended to be a primary source of income.
Education isn't getting cheaper; the cost of private and public education is increasing every year.
Don't put yourself at risk. What happens if you need a root canal, surgery, or whatever the personal case may be you don't want to be forced to take out a loan or put yourself in debt just to take care of your well being.
So with that said, start saving dimes today. Start small by saving dimes and then work your way up to a savings account, which will gain more interest with the more money you contribute.
Katie Spencer is a contributing writer for a number of international financial journals both online and in print. Katie has been delivering financial education to the public in a variety of areas to include budgeting, credit and debt management, and money saving tips. Recently, Katie has been in partnership with a national educational foundation to deliver financial advice to American consumers via the web. For more information and to read the latest articles published by Katie, please visit http://www.savingdimes.com.
Rolling Meadows Cadillac Escalade rental .. Lockport Chicago limo O’HareYour food budget is the most flexible area of your... Read More
This investment retirement account (IRA) is useful to you as... Read More
Car donations and used car donations are the way many... Read More
Women are charged more for dry cleaning services. Don't fume,... Read More
People haven't always written checks to buy goods and services.... Read More
I think most of us have at some point in... Read More
For me, the most terrible time of each month is... Read More
Just about everyone has a checking account. Checks present easy... Read More
If you've been to a shopping mall lately, you've probably... Read More
With interest rates being at an all-time low, I can... Read More
I've been going through and interesting growth period lately that... Read More
Has anyone been to the gas pumps lately? Soon $3... Read More
What is finance and what do you need to know?... Read More
Have you ever wondered what it would be like to... Read More
The judge had to ask the question, and we had... Read More
Budgeting. It's a word we're all familiar with. Everyone knows... Read More
Recently, many of these loyalty rewards programs have come to... Read More
The British government at the beginning of this year officially... Read More
Many don't realize that our basic utility bills provide the... Read More
It is widely written that you need 75% of your... Read More
Ben Stein has a book called How to Ruin Your... Read More
Future financial success is not a guarantee that any one... Read More
You have probably accomplished a great deal with your life.... Read More
When you received an energy (heating) bill last winter, were... Read More
Financial freedom cannot be achieved without budgeting. Budgeting involves tracking... Read More
Des Moines rental limo ..Just about everyone has a checking account. Checks present easy... Read More
If you're like most people, your personal financial records are... Read More
Budgeting. It's a word we're all familiar with. Everyone knows... Read More
The Prudential has dubbed those who refuse to leave home... Read More
It is crucial as an individual who is striving for... Read More
Most of us, especially those of us who have debtor's... Read More
Here are some tips that can help you save money... Read More
At a time when the entire world's attention is focused... Read More
The British government at the beginning of this year officially... Read More
Six Scholarship judges were sitting around an oval table. Forms... Read More
Recently, many of these loyalty rewards programs have come to... Read More
My personal opinion is that in today's new economy, it... Read More
While 40% to 50% of us make New Year's resolutions... Read More
When people speak about the increasing age expectancies, they generally... Read More
Your food budget is the most flexible area of your... Read More
You've decided you want a bigger, better and more desirable... Read More
This investment retirement account (IRA) is useful to you as... Read More
Have you seen the recent article on a new "green"... Read More
What is it about being frugal, why do it at... Read More
Your boss has just informed you that your department is... Read More
Sticking to a budget can be difficult, but with so... Read More
If you want money you need to learn how to... Read More
Whatever your reason for having a tight budget, the truth... Read More
The first step to financial success lies in knowing your... Read More
Of course, these don't have to be done in any... Read More
Personal Finance |