Finance: The 11 Best Money Saving Ideas of All Time

The 11 Best Money Saving Ideas of All Time - Part 2

Written by palyn@futureinternetmarketing.com

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'The 11 Best Money Saving Ideas of All Time - Part 2' by Palyn Peterson

At any time in history, no matter what repparttar current state of repparttar 112601 economy, no matter what repparttar 112602 current trends, no matter what repparttar 112603 unemployment rate is or where interest rates lurk, some money-saving ideas stay true.

Some of you may have heard of these ideas before, others may be entirely new to you. But whether you are familiar with these super secrets or not, it will be well worth your while to put them into effect in your own life. The magic they will work on your financial life is guaranteed. I urge you to put them to work - any one of these could change your life! Big changes come from small steps. One plus one does equal two, so if you add one from eleven different places, you will see big results.

This is a four part series giving you advice on saving your hard-earned money in a variety of down-to-earth ways. Nothing here is anything that anyone can't do on a daily basis.

Amazing Money Tip #4

Ben Franklin said it long ago: "A penny saved is a penny earned." Yes, it's still true, and still one of repparttar 112604 most powerful money-making tips in all history.

Implied within Franklin's famous statement is repparttar 112605 difficulty of saving. It's tough to save and easy to spend! You know that! That's why every penny saved truly is earned - because it takes so much effort to hold on to that cash! But if you can do it, it will work magic in your life. Having a savings account will de-stress your life. Imagine being ahead of your bills, rather than behind. When you are ahead of your bills, you entire life comes under your control. You sleep better at night. Your mind is freer to come up with new ways to make more money and save more. Saving is contagious - once you let it get started!

Here are some tips to help you save:

1. Don't settle for interest checking. Have a separate savings account that can't be as easily accessed as a checking account. 2. Keep your savings in another bank - one that's off your regular route, or perhaps even in another town. That way you won't be tempted to dip into it every time you visit repparttar 112606 bank to make a checking deposit. 3. Buy short-term savings bonds, which have 6-month to one- year maturity dates. That way you will get a higher rate, while at repparttar 112607 same time keeping your money close in case of real emergencies. 4. If you can, open repparttar 112608 account under two names and require that both signatures be required to make a withdrawal. Two people can debate each withdrawal and keep each other in line. 5. When you get your paycheck, immediately put a minimum of 5% in your savings account. After just a year, you'll be surprised by how much you have actually saved and feel great about it.

Don't Let The Holidays Detour You From Your Financial Goals

Written by James H. Dimmitt

Do you dread going to your mailbox and finding yet another credit card bill? Do you find yourself worrying about how you’ll pay your bills from one month to repparttar

next ?

Guess what ? You’re not alone. Almost half repparttar 112600 households in America report having difficulty paying their minimum monthly payments on credit card bills and other debts.

We have become a nation hooked on credit. Recent government statistics on American debt show that:

~ Over 40% of US families spend more than they earn. ~ The typical U.S. household has an average credit-card balance of $8,940. ~ Credit card debt is up 36% from just 5 years ago. ~ 92% of U.S. family disposable income is spent on paying debts, up from 65% in 1975.

How did we get ourselves in such a mess ? According to Dayana Yochim, a journalist and teacher for The Motley Fool, “It's not just that we're borrowing more money and paying it back more slowly; it's that we're spending money we used to consider off-limits.”

Yochim points to repparttar 112601 popularity of home equity loans and lines of credit as just one example. “Home equity loans are more popular than ever as people borrow against their home to feed their spending binge.”

According to a BusinessWeek report, total household debt topped 100% of disposable annual income last year for repparttar 112602 first time ever.

“The problem with credit for many people is that it’s just too easy to get into a rut with bad spending habits,“ says Rich Vorland of Consumer Credit Counseling. “Credit gives everyone repparttar 112603 instant gratification of getting something they want right now. We don’t have to save up for it. We don’t have think of how we’ll pay for it until repparttar 112604 bill arrives.”

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