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1, Save Money by Managing It WellStart budgeting. Want to hear something cool? The first time you create an EveryDollar ...
07/16/2019

1, Save Money by Managing It Well
Start budgeting. Want to hear something cool? The first time you create an EveryDollar budget you’ll probably find money you didn’t know you had. Decide how much money you can save each month and do that first. Then tell the rest of your money where to go.

2, Save Money by Cutting Your Spending
Drop entertainment, restaurants and unnecessary shopping. Brace yourself for this one.
Be aware of other ways you tend to spend for the sake of fun. Maybe you’re a sports ju**ie who goes to every home game, or maybe you enjoy a good online shopping spree.

Evaluate necessary expenses. Spend some time with your budget. Get acquainted with categories like groceries, clothing, diapers, and gas. We’re talking about areas you can’t cut out but could cut back.
Buy generic brands or store brands for a bit. Make a list and stick to it when running errands.
Re-examine your bills. Most likely your monthly fixed bills are of the "set it and forget it" variety. You chose your plans years ago and just don’t think about them now. Well, it’s time to rethink everything because you have $1,000 to earn!

3, Save Money by Increasing Your Income
Get to work. Of course, one of the best ways to save money quickly is to bring home more of it.
Offer your services. Maybe you’d like to keep things simple as you work to earn more cash. By offering services to your neighbors and community, you can control your schedule and the amount you bring in.
Declutter. There’s something powerful about resetting your priorities..

4, Save Money by Getting Radical
Halt savings in other areas.
Believe in yourself. You can do it! Believe in yourself! Make a plan for building your emergency fund and trust that you’ll have the willpower to follow through and then actually follow through.

Tips for save money▪️ Save windfall income – Any unexpected money such as income tax return money.▪️ Collect loose chang...
07/16/2019

Tips for save money

▪️ Save windfall income – Any unexpected money such as income tax return money.
▪️ Collect loose change and deposit it in the bank – Use a piggy bank and deposit its contents when its full.
▪️ Try frugality – Purchase cheaper off brand items and save money.
▪️ Break a habit – Try doing one less thing you expensive venture a week and apply that money to your savings.
▪️ Save lunch money – According to a study by Forbes Magazine, Americans on average spend $1000 annually on going out to lunch. Bring your lunch to work and invest that $1000 in yourself.
▪️ Have a “buy nothing week”.
▪️ Compare costs of major items before purchasing anything – Do your due diligence, shop around before making major purchases.
▪️ Use coupons – Coupons are a great way to reduce living expenses.

🔥 One of the best ways to take charge of you. Saving provides a financial “backstop” for life’s uncertainties and increa...
07/16/2019

🔥 One of the best ways to take charge of you. Saving provides a financial “backstop” for life’s uncertainties and increases feelings of security and peace of mind. Once an adequate emergency fund is established, savings can also provide the “seed money” for higher-yielding investments such as stocks, bonds, and mutual funds. People who are “planners” and do future-oriented things such as setting goals and taking steps (e.g., saving money) to achieve those goals feel happier, and better about their lives, than those who don’t make plans. Particularly for low-income individuals, those with a spending plan with goals were far more likely to have saved money for emergencies than were those without a plan.

🔥 Economists and psychologists attribute findings like these to the sense of control that people have when they plan ahead and know what they need to do to get from where they are now to where they want to be. It is well established by research that people who feel a sense of control over life events are often happier, cope better, and are more resilient in times of stress than others. Conversely, people are especially unhappy in situations where they perceive themselves to have a lack of control. It is, therefore, no surprise that commuting ranks high on the list of things that make people most unhappy.

Money is an important factor to achieve happiness. Different people use money in different ways. There has been a consid...
07/16/2019

Money is an important factor to achieve happiness. Different people use money in different ways. There has been a considerable debate on the issue whether we should save money or spend all on our needs.

On one hand, it is believed that money should be spent on things and on our needs, because it is a major source of getting happiness in life, if we do not have money, we cannot survive in this modern world anymore. So, it is rightly said that life is like an ice-cream, so we should enjoy it before it melts. In other words, we should take benefits from each and every moment of the life. For instance, with the help of money people can easily uplift their status in the society, because every individual wants to develop his or her living standard, which in turn helps them to raise their personality in the world.
On the other hand, it is considered that, people should save money in order to secure their future. Mostly people save money for their children, because the savings will help them in their further life for their better education and basic needs, which are necessary and play a significant role in one’s life. Money is a valuable thing, because nowadays without money, it is very difficult to stand in the society. So that is why people should save money for the rainy days, because everyone goes through the ups and downs in life and who knows when we need some extra savings.

In conclusion, both aspects have their own values and that is why we should spend money within a limit- for important and basic needs, because if we spend all the money we earn, there will be no money for the better future.

Here are 7 essential reasons why you should save money:1. Save money for an emergencyAn emergency fund is arguably the m...
07/16/2019

Here are 7 essential reasons why you should save money:

1. Save money for an emergency
An emergency fund is arguably the most important reason to save money.

2. Save money for bad times
Saving money for bad times is not the same as saving for an emergency fund. Money for bad times is generally called “6 months of savings” or “6 months of living expenses”.

3. Save money for College
If you’re young and soon to be heading off to College or University then saving money ahead of the game is the savvy thing to do.
If you’re a parent then it’s wise to put some money away for your child’s college fund as soon as you can. College education is becoming more expensive by the year.

4. Save money for a house
It’s a dream many have, to own their own home.

5. Save money for travel
Who doesn’t love traveling? Being financially fit and having savings in place means that you are freer to satisfy your Wanderlust.

6. Save money for financial freedom
Saving enough money to live a lifestyle that gives you a sense of freedom is a reason in itself to start saving.

7. Save money for retirement
Having a decent level of savings for a time when you go well over the hill means you’ll have funds to get some quality support and care.

Almost all of us are motivated by money. Money probably doesn’t bring happiness, but not having enough money to take car...
07/16/2019

Almost all of us are motivated by money. Money probably doesn’t bring happiness, but not having enough money to take care of our basic needs will seriously limit our happiness.

Money helps us lead a comfortable life. It helps us provide the best possible education for our children. It ensures that our near and dear ones have access to medical attention whenever they need it.

There is a limit to the amount of money that we can spend on ourselves. Still, the richest among us have amassed wealth they or their progeny will never use in their lifetime. They want more. That is the lure of money. Those who don’t have it want to have it. Those who have it want to have even more of it. Unfortunately, in our pursuit of riches, we often forget to live. We forget to appreciate the little joys that make our lives worth living.

Having a lot of money is definitely a problem. It even threatens our safety and security and makes us the target of thieves. Look at the richest people. They can’t move around freely like you or I. They are always surrounded by their personal security guards and often live their entire lives in constant fear of getting attacked.

To conclude, money is unlikely to make us happy, but we must still earn enough. However, in our pursuit of riches, we must not lose our souls. True happiness comes from spiritual awakening. Money has hardly anything to do with it.

The idea of this system is simple: separate your income into 6 different accounts for specific purposes:▪️ Necessities (...
07/16/2019

The idea of this system is simple: separate your income into 6 different accounts for specific purposes:

▪️ Necessities (50%):
Half of your income goes toward real necessities like food, mortgage payments, bills, gas, oil, insurance, etc

▪️ Financial Freedom Account (10%):
10% of your income goes into your Financial Freedom (FF) jar. The money in this jar can only be used for investments (with returns or profits). You must never spend this money.

▪️ Long Term Savings (10%):
10% of your income goes into the jar called Long Term Savings (LTS) for Spending. The objective of of this jar is to save money for future expenses (e.g. a new car, a vacation, gifts,…).

▪️ Education (10%):
10% of your income goes into the Education (E) jar. The more knowledge and skills you acquire, the greater your earning capacity. Use the money from this jar for personal or professional development (e.g. books, courses, seminars).

▪️ Play (10%):
10% of your income goes into the Play (P) jar. It’s important to occasionally indulge yourself with a nice massage, some new clothes, a fancy dinner… To avoid over-spending or under-spending, make sure you use up the money from this jar at least every few months.

▪️ Give (10%):
10% of your income goes into the Give (G) jar. However poor your circumstances may be, there will always be someone who is in an even more dire state.

🔥 THE SECRET OF ALL BILLIONAIRES 🔥 What separates the successful from the extremely successful?  Is it just a difference...
07/16/2019

🔥 THE SECRET OF ALL BILLIONAIRES 🔥

What separates the successful from the extremely successful? Is it just a difference of luck, or a convenient uptick in the market?

Did Mark Zuckerberg earn his wealth merely by stumbling onto the newest media trend, or is there something deeper and more meaningful that creates a billionaire?

After examining and interviewing over 35 billionaires, the commonalities are shocking. While many of the world's wealthiest people have earned their riches in drastically different ways, they all share common traits. And one of them is the perfect awareness of personal finance.

Personal financial skills are important because without them, people usually spend their entire lives slaving for money, always in debt, never able to catch up and get ahead. This is bad enough, but the issue goes far deeper. When children watch their parents slaving for money, always owing more than they get from their hard work, the children usually repeat that behavior as adults.

Now, you don’t have to worry about how to control your personal finance. By using our Budget Envelope System, your problems are solved

WHY SHOULD WE USE CASH ENVELOPES?Envelope budgeting is a system in which cash is put into a number of different envelope...
07/16/2019

WHY SHOULD WE USE CASH ENVELOPES?

Envelope budgeting is a system in which cash is put into a number of different envelopes for designated spending categories. Here are some benefits of the envelope budgeting system:

1/ Accountability
One of the biggest benefits of envelope budgeting is that it helps hold you accountable for your spending. When you actually have to get cash out of an envelope in order to make a purchase, you will make a conscious decision to spend. You have to put a lot more thought into that action.

2/Prevents Overspending
With this system, you cannot spend more money than you have in your envelope for a particular category. Once all of the cash is gone, it is gone. You cannot replenish the envelope until your next paycheck. This will prevent you from overspending in most cases.

3/Budgeting
Another benefit of this system is that you have to physically sit down and look at your finances every time that you get paid. You have to decide how much money to allocate to each spending category. As you get involved with this process, you will become more comfortable with it. You will be able to set a budget and stick to it within a very short period of time.

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