Billy Florence - Spend Less to Save More

One of the best ways to put more money in savings is to spend less money! Many people think they just need to make more money and while that is good it doesn't always solve the problem. We must first learn to spend less than we are making. So simply spending less can help to pay off debt quicker and also put more money in savings.

Here are some great financial tips from Kiplinger.com that I read:

Start an automatic savings or investment plan with a bank, a mutual fund or your retirement plan at work so money is taken off the top of your paycheck, before you see it or spend it.

Deposit your paycheck directly to savings rather than to your checking account. You can transfer money to pay your bills, but you'll think twice about withdrawing additional cash.

Limit yourself to one ATM withdrawal per week, and make your cash last.

Can't decide whether to buy something you've seen at a store? Give yourself a 24-hour cooling-off period. Chances are you won't go back.

Once you finish paying off a loan or credit-card balance, keep making payments and put the money in a savings or investment account.

These financial tips and more were found in the following article from Kipinger.com:

http://www.kiplinger.com/features/archives/2006/10/10ways.html

© 2006 Florence News reprint permission to Billy Florence Team Dream Chasers site.