In this article the author emphasizes that each person has different reasons to save different amounts of money. The percentage of income that's appropriate for you will depend on your income, age, the amount of money you've already saved, your employment prospects and, most important, how much you're willing to forego immediate gratification for current and future financial security. He gives however a few tips on how to become a more responsible saver. And once you get started, you can then settle on a regular savings routine that suits your circumstances. The three tips are: start by building an emergency fund; develop a retirement savings regimen and look for additional ways to save. He pointed out a final note alerting not to let easy excuses prevent you from saving to your full potential. We've all got limited incomes. But unless you're among that unfortunate group of people whose incomes are so low that they can barely squeak by, there's always some spending that can be pared back at least a bit to put away a few bucks for the future.
Source: http://money.cnn.com/2009/04/30/pf/expert/saving_tips.moneymag/index.htm?postversion=2009043010
Assinar:
Postar comentários (Atom)
I believe the first step to save money is determination. We need to make sense about our desires/plans and then to analyze our profile and follow the tips related in the article to save money. It is a hard task because we always have unexpected events and economic crisis to deal with.
ResponderExcluir