Simple Steps to Start Saving Money

Money-Clip-ArtSaving Money is the foundation of ALL financial success.  Having money saved is what provides the means for you to take advantage of situations, whether it’s going to college or starting a business.

thB235ABK5What age should I start Saving?

Any age! When you start to work and earn money for yourself, whether it’s being paid for chores at age 5 or entering the workforce after college, at age 25.  Saving money is a wise financial practice at any age.

piggy bankDoes Saving a Few Dollars Really Matter?

Yes! Start out by establishing short term goals.  Over a period of time you will start seeing a difference.

Being committed to saving money requires tremendous discipline.  At times, you may find yourself falling into the trap of spending an extra $5 here, or $13 there, thinking, “It’s not that much. I’ll never miss it.” Depending upon your age, this could be a huge mistake. One of the cornerstones of saving money is understanding the time value of money – that is, the concept that $1 today is more valuable than $1 a year from now.

This single money saving tip could help transform your balance sheet over the next ten years as you free up cash to put into reserves.Money saved

The Key to Saving Money is to Pay Yourself First
The single best way to begin saving money is to use a technique called pay yourself first. It has been proven time and time again to cause people to change their behavior, and is probably the single most important money saving tip that’s ever been developed.

Once you’ve learned the keys to saving money, the next step is to learn how to get rich.pile-of-money