Filed under: Hmmm
I probably need to contact some finance brokers or something along those lines. There are web sites out there that help with savings and investing and stuff, like fool.com. I have known of that one for a long time. I just have not made the use of it I should. I have been reading a bunch of the articles in MSN money, they are normally pretty useful and I have taken a few tips from them a time or two. They have sections on credit cards and banking. Speaking of banking, anybody in the states switched to a credit union yet? Just to get away from the stupid threats that the banks have been making? That is another great source for financial information. Most credit unions have advisors that will sit down with you and help you figure out what might be good for you to do to help with whatever situation you might be in. Here’s hoping you are in the situation where you have lots of money and just no idea what to do with it!
However, if you’re not like that, you might be like me and having trouble with their savings accounts at the moment. I can’t seem to keep mine fed. The little (and I do mean little) suckers always seem to want more. The problem is I don’t always have the right feed for them. It’s pretty sad, actually. I don’t want to see them starve, but what can you do? Ok, they aren’t really starving but they aren’t always satisfied either. Every time I check on them they seem to be smaller than the last time I checked. I am obviously doing something wrong. I just need to figure out what it is so I can get them to grow! Anybody know? Are they a bit like plants? I really hope not cause I can‘t seem to grow a plant to save my life. I know if you have problems with plants you can talk to gardeners and ask their advice.
Tags: accounts, money help, money ideas, Savings
Filed under: Hmmm
I guess savings are important at all times, but nowadays more than ever. If you had thought savings were important previously then you are probably doing alright in these current economic times. Savings are good because in general it eliminates debt and if you have substantial savings then you probably do not have substantial debt. Many financial people recommend paying off credit cards first before saving because they incur a higher rate than the savings rate you might get for your savings. In other words, the amount you pay on your credit debt, the percentage, will be higher than the amount you might get on your savings or investments. The percentage your money makes for you will be lower than what the percentage on the debt takes away from you.
It makes sense, I guess. I’ve seen it but what is forgotten is the human factor. I think that, weird as it may be, saving a bit will actually make your debt easier to get rid of. If you save each month and see that savings grow you feel better about yourself and your situation, also if you are diligently paying your actual debt down you feel twice as good. Sort of a self enforced happy loop, it can keep you feeling positive and make you feel like you are really accomplishing something. Besides, the discipline needed to save is the same you use to pay things down and not incur more debt. You are building your self worth, your financial worth and your discipline which in the short and long run will only be of benefit to you in your life.
Savings is important in many ways, allowing you to be independant and more in charge of what you do or don’t do. Knowing you have money in the bank or as some do in your matress makes a big difference in how you feel about yourself. I don’t want to get into investments but think about this, if as some are claiming, things are horrible then what are you going to do with your money anyway? Chances are very good things will get better, and investing now or saving now will only help you.
Tags: happiness, money, saving, Savings, wealth
