“If you would be wealthy, think of saving as well as getting.”
~Benjamin Franklin
No, it’s not passing up those fab shoes that were on sale!): It’s saying "Yes" to everyone but themselves! You sacrifice your own financial security for the sake of others; cosigning loans for your adult kids that you know can’t handle money, letting your husband handle the retirement accounts. As Suze Orman puts it,
“Think about the instructions on a plane: If you’re with a child, put your own oxygen mask on first. Same is
true with your money. Put your own financial oxygen mask on first so that if something happens you will be in a position to help without risking your own financial future.”
Stop wasting your money on:
• Eating out everyday…pack your lunch and learn to cook dinner!
• Mocha whatevers at Starbucks. One of those everyday & you’ll spend
over $1,000/year!
• Vacations you can’t afford
• Clothing, shoes, and jewelry you don’t need, even if they’re on sale!
Want to start saving for vacation this summer? Check out www.ingdirect.com. It’s an online savings account that lets you create sub-accounts (ex.: “vacation”, Emergency Fund”, “Christmas”, etc).
It’s FDIC insured and typically has a better rate than a traditional brick & mortar bank. It’s linked right to your checking account, so it’s easier than ever to save money!
This just in: Want to do the math on mortgages, retirement savings, insurance, etc.?
Check out www.Dinkeytown.net. They have over 300 free financial calculators to do all of the above. Cool.
Be in control of your cash & you'll be on your way to becoming the B.A.B.E you always dreamed of!
There is great information in this post. I use ingdirect myself; however the interest rate has gone way down, but, it is better than nothing.
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Marsha