Ten Best Clues on Saving Money
February 22nd, 2010 | 
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Tips for saving loose change weekly are simple if you use commonsense. The ten best clues on saving money involve recycling, saving money on groceries and so on. Watch the manufacturing on and off shop. Save on a weekly schedule by stocking up on items that are needed when they are on sale.
Recycle your plastic grocery bags by using them to queue your wastebasket. Why buy them when you can use them as liners each year week for the wastebasket.
Save your change at what time you drop over to the grocery store by going weekly rather than visiting the store two or three larger a week. Stop…avoids grocery shopping when you are hungry. Everything will appeal to you and you may start buying stuff you do not need. Watch for the sales when shopping. Instead of buying high-priced brand name products cutback and buy some of the bargain bag sale items.
Recycle your indisposed Downy sheets after drying your laundry. This is a way to save money weekly. Rather than toss them, put the sheets into a baggie and use those to dust with rather than buy furniture polish.
Driving into borough once or twice, a on and on instead of three or four times will save you money. Authoritative a list of items that you need to be buttoned up*; and do more than one thing while you are in town. Go to the GP, grocery store or pay your bills all in the same day. You can save gas cost by cutting back on travel.
Save money weekly on laundry. Clean a Half load at a time instead of one or two loads. You will save physical world on laundry soap, fabric softener and efficacy exploit a full load of cloths in preference on a half a load.
If you have, route to a dishwasher save by using it once a day or three larger loads a month. Avoid running the dishwasher with altogether a few items; make sure it is full instead. Dishwashers use less water too versus doing dishes by hand two or three larger a day. Handiwork one full load once a day and you will save on dish detergent and water:
You can save money by cutting back on items you spend most on each week. If you spend $30, each week for soda pop cutback on the expense by drinking coolaide or water instead. You have many options to save money, thus use your head wisely and you will see that you can save money on late fees, cutting back, etc.
Martin Lukac
http://www.articlesbase.com/finance-articles/ten-best-clues-on-saving-money-113507.html
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Best way to make our money grow?
My husband and I are recent graduates hoping to start a design studio in our home. We plan to make between $1,600-$10,000 each month- that’s quite a range, but that’s how it is in our field. So, what’s the best way to make our earnings grow? CDs, IRAs, certain credit cards?
I honestly have no clue on how to save money other than a savings account, especially now that I’ve lost all trust in the stock market.
Basically, don’t go into debt. Pay cash.
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Because of our current economic woes, I would advise putting your money in CDs and have them accumulate at a higher interest rate anywhere from 1-5 years. This is the best bet because you can’t on the markets especially if you want to make a quick buck.
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For someone who is as risk averse as you seem, laddered CD’s are probably the best way to go. Keep some cash available via a money market fund…because, there are always some equity bargains available. Fund your IRA’s (use the Roth option – if you qualify)…lose your credit cards uness you can pay your bill monthly. Save what you can…at least 12% of your income (gross is better than net). Good luck.
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The answer depends on when you need those earnings. First, you need to be sure you’ve got enough emergency cash on hand. Ideally you should be able to cover 3 to 6 months of expenses with some easily accessible funds (money in a money market, savings account, or CD — look for good interest rates.) That should probably be priority 1, especially given the variability in your income.
Money that you need in the next 5 years or so should also be in "safe" investments like savings accounts, money market, and CDs. (Maybe a mix of these.) But money that you are saving longer term probably needs different handling. The problem is with purchasing power. Just to break even, you need to earn enough money on your investments to outpace inflation. Inflation runs around 3% each year, so something that costs $1.00 today, on average, costs something like $1.03 next year. It doesn’t sound like much, but in 10 years, that item would cost $1.30, and in 20 years, $1.80 (give or take). So when you invest your money in a nice safe CD for 4% per year, you are really not doing much better than inflation. That really isn’t enough to get your earnings to grow in a useful way.
If you are saving money for a long time (retirement money, for example), the stock market really is the way to go. Now, you shouldn’t go out and invest all of your money in some risky high tech stock, because you could lose it all easily. But if you invest in a variety of stocks, then you are exposing yourself to less risk. And you should also invest money that you do not need to take out very soon. Imagine you’d invested a lot of money in the stock market 5 years ago, but needed it today. You would be selling at a loss, and that is scary. But imagine you invested 5 years ago, but still have 20 years until you retire. Well, not so bad, because you’ve got time for the market to come back.
Rather than investing in single stocks, you might want to look into index funds or exchange traded funds:
http://www.vilkri.com/resources/reader.php/index_funds
http://www.vilkri.com/resources/reader.php/etf
These are ways of buying multiple stocks and spreading out your risk. These are also good because the management fees are lower, and management fees can really take a bite out of your earnings:
http://www.vilkri.com/resources/reader.php/management_fee
An IRA is a type of account with certain tax advantages, but can only be used for retirement savings. You would have to pay a steep penalty if you took the money out for another purpose. If you are going to be self employed, an IRA is a great way to save for retirement (and you can contribute pretty generously).
http://www.vilkri.com/resources/reader.php/ira
The IRA is made up of other investments — index funds, exchange traded funds, and CDs or money markets too.
In the end, you should look for some balance — a mix of very safe and somewhat risky investments (with everything in between) to make sure your savings are earning enough money for you, but that you also have the money that you need today.
References :
http://www.vilkri.com/resources/reader.php/purchasingpower_risk