saving Archives

May282022 by Paul LinusNo Comments

Financial planning: Saving is key to stable income for life

Finance

Smart financial planning revolves around saving money from your income. Fundamental financial wisdom for centuries has been to spend less than what you earn. But many people around the world either do not save at all, or even spend more than what they earn. So they borrow money on interest and accumulate debt. The result is that instead of earning interest on investments, they end up paying interest on borrowings. That creates the opposite of wealth creation, which is wealth erosion. Save a Percentage of Your Income You always have two choices in life. The first and the most tempting choice is that you spend all that you earn and live for today. But tomorrow when you retire, or go through a rough financial patch even before you retire, you will not have a financial cushion to sof...

Apr192022 by Paul LinusNo Comments

How to save money with cookie jar

Finance

A lot of people are watching their weight and don't need to eat cookies! So why not take that old cookie jar that's lying around and put it to good use? Take all the spare change that accumulates and drop it in that jar. In fact don't just put spare change in there, gather coins from anywhere and everywhere to go in the stash. Then by the end of the year, count it all out, and invest! The amount that savers will generate can be astounding. How to Save Money with a Cookie Jar First, take all the loose change from wallets, pockets, drawers around the house, and drop in that old cookie jar in the pantry. Then simply watch it grow for the next 12 months. But this is not just a passive activity! Take an active approach to collecting change. At the supermarket, dry cleaner, even the co...

Mar182022 by Paul LinusNo Comments

Money saving tips to reduce meals eaten out

General

A clean kitchen can be a tool used to lower the amount of money spent eating out. Kitchen cleaning may not be extremely high on the household to do list. However, having a clean kitchen can pay off in hundreds of saved dollars each month. Maintaining a clean kitchen creates an inviting environment that is easy to spend time in, and entertain friends. Having an unclean kitchen is one of the top for reasons that people decide to eat out. No one wants to clean extensively before preparing a meal. Here are three tips to help maintain a clean kitchen. Keeping surfaces clean is the easiest way to make an area appear to be clean. Make it a habit to immediately place old food in the trash or garbage disposal after each meal. Fill one side of the sink with hot soap water. Use a hand held scr...

Feb132022 by Paul LinusNo Comments

Retirement planning and superannuation

Lifestyle

Retirement is something we all tend to think about from time to time, but many of us are not particularly serious about saving for it. Generation Y, for instance, might laugh off suggestions that they need to consider investing for their golden years in the distant future. However the bitter truth remains that the Twenty-First Century is undoubtedly an economically evil era. Times are perpetually changing for the worst and job security is virtually a thing of the past. A stable nest egg in this day and age of global recession and heavy superannuation losses is critical, if not mandatory, for those of us who want to retire comfortably - especially for those of us young folk who want a stable retirement in the future. Superannuation is Important but not Guaranteed One of the wor...

Sep32017 by Paul LinusNo Comments

Why Saving Is Important And What Rule To Follow

Finance

The personal savings rate is lately taking a southward turn as many people are having trouble in stashing away money. Below are some tips how you could avoid some financial dangers: Experts suggest one common rule of saving and it is called "The 50/15/5," which mean don't spend more than 50 percent of your salary on essential expenses like food, transportation and housing, and try to save at least 15 percent of the pre-tax income for retirement along with 5 percent for emergencies. This mean you are left with 30 percent of your income for the freedom of spending the other ways. However, following the said rule become difficult for many people as they argue keeping essential expenses to half of the salary is not easy. Take a look to the popular website AmericaSaves.org that dis...

Aug262016 by adminNo Comments

Some Saving Ideas to Travel More

Travel

If you are a travel lover, then there are chances that you spend a lot of money on traveling. Traveling is a hobby, but it is tricky too. Many of the travelers have questions to save money so that they can have financial comfort. Saving money for travel itself is a difficult thing and then spending a lot is not affordable sometimes. If you want to travel more, then there are some ideas for you to save a reasonable amount of money so that you can fulfill your desire of traveling. Purchase Bundle Offers There are some services offering some bundle deals. These offers contain the whole package of your flight, lodgings and the best car services and may be the hoteling expenses. Buying this kind of bundle offers can save you a lot because when you spend separately, it sums up to a huge expend...