Spending wisely is the best way to save money.
There are lots of good reasons to save as much money as you can but one of the main reasons is because the money you save today can help keep you financially fit when you grow older.
Saving as much of your money as you possibly can is a big deal, a very big deal, and by managing your money wisely, you can maneuver around many of the financial obstacles that are sure to arise throughout your life.
What hurts a lot of people is the inability to understand the importance of saving. They go through life spending freely and not having a care about the future until they look up one day and realize that they are getting older and haven't planned adequately for the future.
For most people, there will come a time when they can no longer work and have to live on a fixed income such as Social Security and retirement pensions. In addition, their should be savings and investment income from 401k plans, stocks, bonds, and rental properties.
As you go through life, you have to save and invest wisely. It's not a coincidence that so many older people are living at or below the national poverty level. Spend now and worry later is what many people do and when they get older, they look back and wonder what they were thinking.
You have to look at the way you want to live in your retirement years and plan accordingly. The best way to save money is to keep it in a safe place where it can grow. Even though it's not always possible to hold on to every dollar you earn, it is a good idea to save as much as you possibly can.
It's nice to have money put aside to carry you through if times get tough. Even the smallest amount of savings can add a bit of relief, but the more you save, the greater benefits you will have later in life. You can save money in many ways if you pay strict attention to what you are spending it on.
You have to spend your money if you want to live a comfortable lifestyle. That's a fact. No one can go through life without having bills and paying........
"Learning how to spend and save wisely is the Advil for consumer cramps; you will enjoy a lifetime of relief."
Do You Have Enough Savings And Investment Income To Maintain The Lifestyle You Want When You Retire?
How you can help boost your retirement income.
As the baby boomer generation begin reaching retire age, many are coming to the realization that more income is needed if they hope to live the lifestyles they want when they stop working. Their pensions, Social Security, and their other income producing investments are falling short of the total revenue needed to create and maintain the way of life they envision for themselves after they retire.
This is a real concern for many baby boomers. If you are near retirement age, there are some things you can do to boost your retirement income and help insure that your standard of living will remain safe and secure as you grow into your senior years.
(1) You may start by putting off retiring for a few years. This helps in more ways than one. The longer you work, the more you will add to your retirement income and it also increases the dollar amount in your Social Security fund account.
(2)You can delay collecting your Social Security benefits. For each year you delay, your benefits will increase by at least 8 percent per year until you reach 70. Instead of collecting at age 62, wait until the full retirement age of 66. The increase will increase your monthly benefit payments by at least 32 percent.
(3) If you’ve already started collecting Social Security benefits, you can go back to work. Remember, if you earn more than........
"The past is what you remember, imagine you remember, convince yourself you remember, or pretend you remember."
Making The Most Of Your Money Now
Completely Revised For The New Economy
Named the best personal finance book on the market by Consumers Union, Jane Bryant Quinn's bestseller "Making the Most of Your Money" has been completely revised and updated to provide a guide to financial recovery, independence, and success in the new economy
Getting your financial life on track and keeping it there -- nothing is more important to your family and you.
This proven, comprehensive guidebook steers you around the risks and helps you make smart and profitable decisions at every stage of your life. Are you single, married, or divorced? A parent with a paycheck or a parent at home? Getting your first job or well along in your career? Helping your kids in college or your parents in their older age? Planning for retirement? Already retired and worried about how to make your money last? You'll find ideas to help you build your financial security here.
Jane Bryant Quinn answers more questions more completely than any other personal-finance author on the market today. You'll reach for this book again and again as your life changes and new........