Preview

Saving Money

Good Essays
Open Document
Open Document
681 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Saving Money
FOUR EASY STEPS TO SAVING MONEY
Saving money is essential to anybody with a futuristic mindset. It’s always good to have a bundle of cash when needed for emergencies. The reason people save is not limited to emergency tough, saving money has many incentives which might be motivated by the need to invest in a home, a vehicle, land or maybe a small business. Saving money is the only way to have your cake and eat it too. The following steps are a few secrets to help individuals efficiently save money.
• Saving is a meticulous event. It’s a pleasure to watch your money gradually rising. What started with just a few dollars amass to a fortune all because of persistence and patience. The process of saving money should not be made into an event. That pedestal makes the idea seem big and it causes for procrastination whenever it feels like weight too much to bear. It‘s generally mentioned that a lot of people with saving accounts transfer money from their main reservoir to the special savings account at least once a month. It helps to allocate a specific amount of money directly from paychecks. Most savers that get paid twice a month implement this method.
• Don’t be a miser. Although, saving money is a mindset that changes your life in a way, it shouldn’t make a scrooge out of an individual. This is a capitalist economy and it’s geared to taking every citizen’s money, fighting to overcome that is futile. It’s not advisable to buy cheap things just because it’s a way to save money. Store discounts are geared towards people with the mindset of scrimping every last penny when in fact the stores are making sure they find ways to get all your money. It takes money to make money and that involves sound spending. Buy things that will last, and in most cases the brand new items in stores may be more expensive, but are better investments because they last longer and may function more efficiently. Don’t pass up on the regular maintenance of your vehicle just to save money

You May Also Find These Documents Helpful

  • Better Essays

    Cash Flow Analysis Paper

    • 935 Words
    • 4 Pages

    Saving money is extremely important however; some people do not have healthy savings thus leading them to financial instability. Therefore, being a good steward over your finances should be consistent and begin at an early age and progress as you age. This will provide an effective growth pattern to allow future financial security.…

    • 935 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    I think finding discounts on things is a better way for me to save. This is best for me because I don’t have a problem w/ buying cheap stuff or using coupons. Also it’s the only way I know save to save and budget my money.…

    • 368 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The difference between static budget and a flexible budget is that a static budget does not change with the output while a flexible budget changes with the level of outputs. Static budget has a limited application while a flexible budget has a variety of applications.…

    • 1126 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Physicians assisted suicide can be defined as the voluntary termination of one's own life by administration of a lethal substance with the direct or indirect assistance of a physician (Snyder 2001). In order to truly explore the ethical dilemma of physicians assisted suicide we must first understand and grasp the base meaning of the term, as well as let go of any prior misconceptions we may have surrounding the topic. The process of physician-assisted suicide is different than you might imagine. Before I had researched this topic I had the inaccurate impression that physician assisted suicide was a procedure similar to that which you would imagine for an animal being put down or euthanized. As many of us unfamiliar with the topic might believe,…

    • 1407 Words
    • 6 Pages
    Good Essays
  • Good Essays

    4. One of my goals is to take my daughter to the Great Wolf Lodge in Washington for her birthday I've been saving about $50 to $75 each month each month. so I can establish her birthday party at The Wolf Lodge. I try to save for certain things because I do not want to establish any more. Besides what I already have established for school.…

    • 654 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Consumers Choice

    • 564 Words
    • 2 Pages

    I would like to buy a car. I can justify this purchase because I need a car for transportation to my job every day, and it is something I have wanted for a really long time. To financially prepare once I have decided to make the purchase I should start saving most of my pay checks instead of buying things I do not need. I should save my money so I can pay off all or most of my car payment at once.…

    • 564 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    tma 01

    • 561 Words
    • 3 Pages

    Financial planning is a very important part of everyday life. There are other aspects of life that can affect our financial planning. One main aspect is our goals in life, be it short term goals like taking a holiday abroad next year or long term goals like saving to get on the property ladder they affect the way we spend/save our income. Another is planning for retirement and there are many things to consider, like at what age do I start to invest in my retirement fund? Where do I invest? And most importantly how much do I need to invest?…

    • 561 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Money management and financial planning is an aspect of life that everyone encounters. Despite one’s income or financial status, every adult and child has a concept of money and how to manage finances. Learning effective tips for financial success is very important to ensure future prosperity. For students especially, it is vital to be exposed to money management advice to learn and adopt good spending and saving practices early in life.…

    • 644 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Saving Money

    • 7200 Words
    • 29 Pages

    Welcome to Unit 1 of Principles of Department of the Navy Budgeting. Unit 1 will introduce you to several basics of the Department of the Navy (DON) budgeting process as well as the structure and responsibilities of some of the organizations involved in that process. It will help you build the foundation for the subsequent units of instruction. After completing this unit you will: 1. Describe how the budget contributes to the accomplishment of the DON mission. 2. Establish when a budget is legally binding for all Federal agencies for a…

    • 7200 Words
    • 29 Pages
    Good Essays
  • Powerful Essays

    Personal Finance

    • 3713 Words
    • 15 Pages

    Many people assume that handling personal finances is straightforward and can be done with little to no preparation. This paper delves into the many different aspects of personal finance. It discusses the tools that we are learning in class and explains how these tools that can be used to save for retirement. It offers tips to improve your financial standing both now and in the future. And finally, it compares these tips with advice offered by an expert, Suze Orman. Everyone needs to learn how to properly prepare their finances to reach their goals. While doing so can be easy and rewarding, neglecting to do so can have a substantial negative impact on your future well-being.…

    • 3713 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    In Praise of the F Word

    • 503 Words
    • 3 Pages

    Saving money is not easy for me , I tried it couple times before ,but every time it get up to hundreds of dollars , I will spend it all.…

    • 503 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Financial Planning

    • 614 Words
    • 2 Pages

    How can using personal financial planning tools help you improve your financial situation? Describe changes you can make in at least three areas. Personal financial planning helps you create a stable future and improve helps create a stable future and improve your financial status by creating a plan that lets you save and invest your money so that it can start working for you. A comprehensive financial plan can enhance the quality of your life and increase satisfaction by reducing uncertainly about your future needs and resources. The advantages of personal financial planning can 1. Increase effectiveness in obtaining, using, and protecting your financial resources throughout your lifetime. Secondly, increase control of your financial affairs by avoiding excessive debt, bankruptcy and dependence on others for economic security. Lastly, improve personal relationships resulting from well planes and effectively communicated financial decisions. A sense of freedom from financial worries obtained by looking to the future, anticipating expenses, and achieving your personal economic goals.…

    • 614 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    William Shatner insists, “If saving money is wrong, I don’t want to be right!” (www.brainyquote.com). Today, many individuals are driven by a lifestyle that focuses on one’s funds. Meanwhile as the lifestyle continues, the person loses track of where their expenses are going. Consequently, as a result, the individual cannot pay their bills in a timely manner. In order to avoid such behavior, it is encouraged that everyone tracks his or her expenditures. Three causes of tracking your expenses, includes: making a list of recurrent bills and their due dates, formulating a personalized budget for yourself and keeping a ledger of finances spent.…

    • 150 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    western art history

    • 1283 Words
    • 6 Pages

    Create and implement your financial plan Review and revise your financial plan 4 The Financial Planning Process Step 1: DETERMINE YOUR CURRENT FINANCIAL SITUATION • Current situation regarding income, savings, living expenses, and debts? • List current asset and debt balances and amount spent for various items • Match financial goals to current income and potential earning power 5 The Financial Planning Process Step 2: DEVELOP YOUR FINANCIAL GOALS • Identify feelings about money and reasons for those feelings • Determine the source of your feelings about money • Determine the effects of economy on your goals and priorities • Goals should be your own and tailored to your own situation 6 The Financial Planning…

    • 1283 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Patience and preparation are the two advices I can give when it comes to saving money. Marketing love impulse buyers because these ones spend money carelessly. It is important to know or at least have an idea of what you want to buy before going to the shop. Although in theory this may be easy, it is not always the case. Therefore I encourage all to have a set budget in mind prior to going shopping. Having that price in mind will deter you from over spending.…

    • 795 Words
    • 4 Pages
    Good Essays