| With money in the bank comes wealth and financial | | | | immediately, today! Keep this account separate from |
| security. That means that to get there, you have to | | | | your checking, and put all your extra money from |
| figure out how to save money - which most of us | | | | savings here. is ONLY for your saving strategies |
| haven't done for years as we've run up credit card | | | | funds. This account is set up so you can have a place |
| and loan debt! Now, we're struggling to pay off our | | | | to accumulate cash so you don't spend it. |
| credit cards, car loans and leases, and our overpriced | | | | 3. Start Paying Yourself First. At every pay day, set |
| homes. What everyone needs right now are some | | | | something aside into your new savings account FIRST. |
| really great strategies to save money. When you think | | | | Even if you don't think you have enough to pay all your |
| about it, the typical ways to save money haven't | | | | bills, at least use direct deposit to put $10, $25, or $50 |
| changed. Back in the 1700's, Benjamin Franklin first | | | | aside. As soon as your savings account is open, set |
| wrote "A penny saved is a penny earned", and today, | | | | this up at work, with direct deposit into your new |
| hundreds of years later, it's still true! | | | | savings account from #2 above. |
| In order to save money, all you need to do is live within | | | | 4. Earn Extra Money. Any extra amount of cash you |
| your means, meaning spend less than you make. Then, | | | | make, put it toward your savings. Look for a part time |
| put the difference into a saving account or other safe | | | | job, or find some freelancing online, or offer your |
| investment. It can be easier than you might think, if you | | | | services in your local community. Or, hold a garage |
| simply break it into baby steps. Below are tips on how | | | | sale, sell some things you don't need on eBay or |
| to save money which will get you fast cash in the | | | | Craigslist or Kajiji, and bank the proceeds. There is part |
| bank. These tips are meant to be short so you can | | | | time or contract work available online if you can write, |
| use them right away and see quick cash results! | | | | or know how to build a Web page, or even can handle |
| 1. The most important step is SPEND LESS. By | | | | administrative duties; check out sites like or This kind of |
| spending more than you earn, you will never ever get | | | | work can be done at home. The idea is, every little bit |
| ahead financially! So, just start by cutting your spending, | | | | helps. |
| and then put it into your savings account. You might | | | | 5. Finally, Do It All Together! Doing the above four |
| cut spending just by not buying things you don't need, | | | | steps means you are able to put cash aside from |
| like manicures, takeout coffee, dining out, buying junk | | | | your paycheck, you are cutting your household budget |
| food at the store, expensive vacations, brand new | | | | by a certain amount (aim for at least 10%), and putting |
| cars, personal electronics - you get the picture. | | | | the extra in the bank. You can also set out to earn a |
| 2. Open A High Interest Savings Account. Today | | | | couple hundred extra every month with side work. |
| interest rates are fairly low, however something is | | | | Before you know it, and within the year, you could |
| better than nothing. There are many online savings | | | | have thousands saved! That's money you can use to |
| accounts into which you can transfer money with a | | | | save for emergencies like job loss, or learn to invest it |
| click of your mouse. Or, go to your local neighborhood | | | | prudently and start earning your way to wealth. |
| bank and open an account there, so you can make | | | | It is possible to save money, and these tips on how to |
| frequent deposits in person! When you save in Step 1, | | | | save money show that little by little, you can build |
| you should put the savings right into this new savings | | | | wealth in your life. One step at a time, you'll be on your |
| account. Ideally, you should go open this account | | | | way to financial security. |