| Subject: Re: Money Saving Tip |
Author:
Lynn
|
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: Tue, Oct 21/03, 02:47:am
In reply to:
Lynn5803
's message, "Welcome!" on Tue, Oct 21/03, 02:32:am
One of the best money saving tips I know of is this.
Pay yourself first. A figure that is quite commonly used is 10%. That is, 10% of all you earn is yours to keep. If just ten percent of everything we earned was put into the back for savings and investments, this alone would add up to quite a sum before very long.
Many would say "I don't have 10% left by the time the bills are paid". Read again, the tip or "rule" is "Pay yourself FIRST" (after taxes of course) then pay your bills and your household neccessities, then your pleasures.
Once you start to pay yourself first, it feels great to know you have something of your hard earned money ging to savings. In most cases, you won't even miss the 10% if you take it off the top, and work with the other 90% to get by on. Hope you can use this tip.
Lynn
>Welcome to the new Personal finance message board.
>I'm Lynn, and I hope to have some great discussions
>about how to get the finances in order, reduce debt,
>find ways to save money, and share our opinions and
>thoughts about these topics and related matters.
>
>As someone who was once in debt, I know what it's like
>to have the end of the month come but have no money
>left to pay all the bills. I remember juggling things
>around, trying to make ends meet...trouble was, they
>didn't meet.
>
>We were determined to get things back on track and
>find the info that would help us to learn how to
>manage our finances and get out of debt, and STAY out
>of debt.
>
>I would certainly be happy to pass along my thoughts
>and feedback to those wanting help and direction in
>what to do about getting things back in order. I
>don't have ALL the answers, but with a little help
>from my "friends", we can work it out.
>
>One thing I do know, and that is this...
>Having more money won't solve money problems, when
>money management IS the problem.
>
>Let's get it going and in gear gang....
>
>QUESTION...
>What are some of your favourite money saving tips?
>would love to hear from you.
>keep smiling,
>Lynn.
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
| |
Feedback: 