Step Four to Financial Freedom Save, save, save. Every finance guru, every finance book, will all tell you the same thing. You must save for the future. Even if all you can save at first is $5, that is $5 more than you would have saved. At the very minimum your savings should be in a savings account earning interest, however there are other safe ways to increase your savings at a higher interest rate. If you do not trust yourself or your spouse to not spend the savings be sure to invest the savings into an account that cannot be accessed early. When setting your budget, budget in 1-10% of your earnings. Start at the 1% if you must, but the goal is to be saving 10% of your income within the first year of your financial freedom plan. Decide today to not be a slave to your finances!
Posted on: Sun, 06 Oct 2013 20:14:54 +0000
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