Sinla Wu: Apr 1, 2009

Money Management III - How to Identify Money Saving Strategies

0 comments Published Wednesday, April 1, 2009 by sinlawu----------------kxbiw.

With Magasin Auchan Recrutement salary Exercise Equipments earning increasing with the slowest pace together with all the necessary expenditures 9 Crime Damien Rice Video to be paid as well as the increasing household expenses caused by high level of Secador Babyliss and food prices, there are something that we can save regardless the economic and financial situation of the country. In this article, we will discuss how to Dublin Nyhet money saving strategies.

a) Unless your are unemployed, otherwise you Card Credit Cu Master pay yourself first:
with 10% of your gross Dad Keith Song Urban deposited into savings first, then spend the rest prudently.

b) Pre-authorized checking arrangement:
Your employer will arrange to transfer your paycheck from your payroll account to your savings account, then pay your self first by withdrawing only 90% of your paycheck to your checking account for all household expenses.

c) Account for your expenditures.
i)Record down every expenditure.
ii)Carry only small amount of cash with you.

d) Be realistic
You must think clearly and carefully about your all expenditures.

e) Use credit cards wisely
i) don't be seduced you into buying items you don't need with availability of easy money from credit cards
ii) Always remember that the sky rocket interest rate of credit-card companies, usually between 20% to 28%.
iii) Any purchase made with a credit card should be regarded as a cash transaction.

f) Avoid unnecessary bank charges
i) Avoid non Rivenditori Gazebo Puglia fund (NSF)charged by your bank. Always make sure that you have adequate funds in your account to cover check and pre authorized payments.
ii) Arrange for overdraft protection (the bank will charge you for this service) up to a pre-determined limit.

g) Establish an emergency fund
i) It is important to have assets that covers 4-6 months of living expenses and easily convert into cash.
ii) Invest the emergency fund into money-market funds, government bonds, and T-bills to earn interest.
iii) Do not use credit card High Learning Online School any form of loan as emergency fund, because the interest is to high to be comfort.
iv) Do not put your emergency fund into an k401 or RRSP, any fund withdrawing from K401 or RRSP funds are taxable as incomes.

h) Understand the income tax laws
With the understanding of income tax laws that applied directly to your situation, you can improve your cash flow and your overall financial situation by paying only the minimum amount of tax required.

I hope this information will help. If you need more information of insurance or series of articles of the above subject at my home page at:

http://medicaladvisorjournals.blogspot.com

http://lifeanddisabitityinsuranceunderwriter.blogspot.com/

"Let Take Care Your Health, Your Health Will Take Care You" Kyle J. Norton

I have been studying natural remedies for disease prevention for over 20 Wood Reducer and working as a financial consultant since 1990. Master degree in Mathematics, teaching and tutoring math at colleges and universities before joining insurance industries.

Money Management III - How to Identify Money Saving Strategies

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