You Can Put $500 In YOUR Pocket This Year
Would you like to save an extra $500 this year? Well, you can. You won't have to go out of your way to investigate investments options, and you won't have to give up your guilty pleasures. However, you will have to think about how you are spending and what your values really are.
To start saving easily, try some of these money-saving tips. See how much you can save each year by choosing those tips that would be easiest for you to follow.While you are thinking about what you can save, think about how you can invest that money in an IRA or CD, or other credit union savings and investment accounts. Now add on the interest!
Let's look at some ways to save:
Your Phone Bill
Save hundreds of dollars a year by pumping gas yourself and using the lowest-octane called for in your owner's manual. Let's calculate. If you use 30 gallons of gas a week, that's 1560 gallons a year. If you save $.05 a gallon by pumping your own gas, that's about $80.00 a year. If you use the lowest octane, that could save you another $.08 a gallon. Calculating again, that's, approximately, another $150.00 a year saved.Automobile experts also tell us that you can save up to $100 a year on gas by keeping your engine tuned and your tires inflated to their proper pressure.
Shall we see how much you can save if you tried these everyday saving choices?
So, do you think you can find $500 in that list for you to save?Take a minute to calculate the interest on that money invested! If you open an IRA for $500 at 3.45% APR that computes to an annual yield after one year of $17.50. At the end of two years, you've earned $35.61, without any work (the joy of compounding!). Or invest in an Educational IRA for your children or U.S. Savings Bonds.
Saving doesn't mean living less; it means living better in the long haul! Not a bad lesson for that younger generation to learn, today!
Good luck! You're on your way!