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Framed for child porn -- by a PC virus
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Ohio gas prices down 8 cents from last week
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Abortion Analogies
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The Black Keys to perform benefit concert at Musica on November 27
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Published on Sunday, Jul 06, 2008
• Make it automatic.
What you don't see, you won't miss. Have some money automatically taken out of your paycheck and sent to a savings account.
Or ask your bank or credit union to automatically transfer funds from your checking to savings account monthly.
• Make it hard to raid your emergency fund.
Stuart Vyse, author of Going Broke: Why Americans Can't Hold onto Their Money, suggests setting up a separate account at a bank or credit union that is not convenient. Also, don't get an ATM card attached to the account. That way, you'll be less likely to grab money out of the account and it will be there for true emergencies.
• If you received the federal government's economic stimulus rebate check and haven't spent it yet, take some of it and store it away for an emergency fund.
Also, if you receive the Earned Income Tax Credit, use a portion of the money to begin to increase savings.
• Collect your loose change.
The average household has $90 in loose change. Start saving the loose change in a jar.
• Use the benefits of compound interest.
Let the ''miracle'' of interest compounding benefit you. By saving $100 a month with a 3 percent yield on a certificate of deposit, your money can grow to $1,216.63 in one year, $6,464.67 in five years, $13,974.14 in 10 years and $44,608.78 in 25 years.
• Cut spending painlessly.
After you complete a budget or spending plan and figure out where your ''leaks'' are, put that money in a savings account.
• When you get a raise, save it and continue to live on what you made before.
Save any overtime pay or bonuses.
• If you eliminate an expense, save it.
For example, if you quit smoking, save what you would have spent on cigarettes.
• Sell some of your unwanted items at a garage sale or local consignment shop.
Turn things you or your kids have outgrown into cash. Then save that cash.
Sources: America Saves
Consumer Credit Counseling Service
Beacon Journal research
• Make it automatic.
Get the full article here.
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