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Social Security to start cashing Uncle Sam's IOUs
PepsiCo to buy back up to $15 billion in shares
Government says it cannot explain runaway Prius
Ohio gas prices up for fourth week in a row
Face facts: The U.S. banking system has died
Top 10 actions to help you grow
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Akron Docs in Haiti:
Almost home
First Bell - On Education:
Celebrate Pi Day on March 14
Pets:
Humane Society of Greater Akron to move animals to new Twinsburg location
The Heldenfiles:
Weekend Warfare
Akron Zips:
Akron left out of top two tournaments, still waiting on others
Tribe Matters:
Cabrera diagnosed with strained groin
Cleveland Browns:
Browns ship Wimbley to Oakland on heels of Quinn trade
Balanced Ledger:
How times have changed?
Kent State Sports:
Kent State to host Tulsa in NIT
Cleveland Cavaliers:
LeBron Makes NBA’s Top 10 Plays Twice
Buckeye Blogging:
Bucks High Seed – Turner High Praise
Varsity Letters:
Akron offers Brewton
All Da King's Men:
ObamaWear
Blog of Mass Destruction:
Yeah, But…Matt Taibbi Uses Curse Words
Akron Law Café:
Can Corporations Be Shamed?
Car Chase:
2010 CONCOURS SEASON IS UPON US
Let's Talk Real Estate:
The Academy Awards!!!
Sound Check:
Pearl Jam coming to Cleveland in May
See Jane Style:
Who Wore What – The Oscars
HRLite House:
Central IPMA Scholarship
Akron Gamer:
'Uncharted 2' nabs 5 trophies at video game awards
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.
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