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Tuesday, March 11, 2008

HOW TO MAKE YOURSELF SAVE

In order to build that nest egg for the future.you'll need to start saving to generate some cash.Here are six strategies for developing the habit.
1.PAY OFF YOUR DEBT:- The smart way to start saving is to clear your debts first. Think a moment-you could be paying over 30 percent interest on a credit card debt.commit yourself to paying off a set amount each month.Then,when the debt has gone.put the money you would have paid in interest each month into a regular saving plan.
2:- SAVE SOMETHING. Make small daily savings.They soon mount up.Put spare cash into a jar:take a packed lunch to work:cut down on those expensive cappuccinous-and stop smoking.Avoid buying clothes and other things you can do without.By the month end .you'll have a small sum to put into a saving plan.
3:-PUT WINDFALLS TO WORK. Perhaps you worked overtime recently.received a tax refund,a bonus or small inhentance?It's not part of your regular income-so you won't miss it if you save it.

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