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Should I save my money

Posted by Unknown Minggu, 14 Juli 2013 0 komentar

Why should you save your money? A good reason is for a family or a house hold emergency . What if you or a member of your household lost your job? What if the wage earner in your family got hurt on the job or had a traffic accident and are unable to work for a month, or more than or even probably for a longer years. What would you do if you have not saved any money yet? You would probably over extend yourself by charging or borrowing money which

perhaps you might not be able to pay back in a blink of an eye !

This problem could be very devastating to your finance if you did not have enough money saved to get through those hard times. Remember it is very important to save money for situations like this even though is might be impromptu .

The question right now is how much money can I save for such emergency or something ? Well, you should have at least three to six months living extra money in the bank.

So now that I know this how do I go about it . anyway a good way to start saving your money is to begin by paying yourself first! That is right start paying yourself . when you receive your month’s paycheck the first thing to do is to take that which belongs to GOD first and put it aside for that which is stored in heaven last eternally and then take your pay out of it and put it aside too before doing any other thing. This concept may sound simple, however, most people do not think about doing this. Paying yourself is an important step in saving your money , creating financial security and making your money grow .

Do you have any change in your pockets, purse or wallet? Am sure you do! Well you can take that loose change and throw it in a jar to make your money grow. You would be able to lots of money this way. Can you believe that the change that you put in a jar can add up to hundreds of dollars a year. This is an excellent way to save money .

Where should I put my savings?

You can put your savings in any of the following entities: credit union,commercial bank accounts, certificate of deposits, money markets and saving bonds.

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Judul: Should I save my money
Ditulis oleh Unknown
Rating Blog 5 dari 5

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