Money Saving Tips

Living from paycheck-to-paycheck, many neglected the value of having savings until unforeseen circumstances arise that made them not look at money the same way again.

But why let an unfortunate happening in your life just to learn its lesson and meaning when, by doing small but frequent steps, you distance yourself to such imposing trouble, perceived or otherwise.

Here are some money-saving tips that could save you from any future calamity involving money:

1. Open a Dedicated Savings Account

Like any first step towards the path of making some savings, opening your own for savings-only account is a must. Unlike your primary banking account which you use to deposit and withdraw money from, this dedicated savings account is strictly for money deposits only.

For optimal benefits regarding interest rate, look for a bank which offers "higher-than-inflation" growth rate, which is something you might have to personally ask, if not approved to you.

Savings Account

2. Cut Out Unwanted Expenses

Be it a monthly service subscription you no longer see as beneficial to you or a habit that just drains your money, many are guilty about spending on something on a monthly basis that they can really live without.

Part of keeping yourself free from unwanted expenses is by knowing which expenses are worth keeping from which are not and do the necessary steps in trimming those that are from the latter.

3. Be Systematic

If you are still unused to the idea of ​​making a saving out of your every income, chance is good that your first few attempts at stashing some money on the side may be inconsistent and irregular at least.

But if you are serious in saving some money for future considerations, sometimes sticking to a tried-and-tested formula may be a good start at disciplining yourself about money.

One such popular formula that is becoming a cliché amongst money-conscious individuals is the "80-20" rule which suggests saving 20% ​​of your every income, regardless of how small, while freely spending on the 80%.


4. Learn How to Invest

Let your money work for you. Do not go into get-rich-quick investment scam and promised very high ROI (Return of Investment). It's possible to get high return in Forex trading and stock trading but there's no guarantee that you will continuously gain due to up and down of the market.

There's always a risk in every investment. Read books, attend seminars and courses about investing. Try to learn short term and long term investment, high yield investment, stocks, mutual fund, UITF.

Know the difference between Investing and Trading. Investing is long-term, you will buy, hold and sell after several years. Trading is short-term, which means if I buy today then sell after few days, weeks, months. In Forex trading, other traders buy and sell within seconds, minutes and hours.


5. Earn Some Money on the Side

With so many channels you can tap-online, mobile devices, or in real-life scenario-making money has been made easier so long as you have access to these means.

When you are having trouble making ends meet so as to give way for savings, sometimes generating multiple income streams may be the better option just to save.

Tap on whichever is accessible to you such as selling no longer used goods or offering service as a freelance and make full sure that no matter how much you are earning, you keep some for your future self to benefit from.

Source by Ezbon D Lobaton

Forex Investing – Picking and Using a Forex Autopilot Program

The forex market looks to be this big scary place, where you need tons of information to start, and thousands of dollars spent on courses, ebooks, and seminars. In recent years, forex autopilot programs have shattered this misconception andave way to profits for anyone who runs a computer. You heard that right. All you need to know about forex, is that you need to leave your computer on 24/7 while it earns money for you.

That's the huge appeal of the forex autopilot market. Making money while you do nothing. Forex gurus will try to tell you that you must read all the books to make the money, but thats simply not true anymore.

Finding the right autopilot program is what we're here to discuss. I typically review them in two parts, 1) quality and 2) risk. To assess the quality, I determine who made the program. If it was made my mathematicians, engineers, or forex gurus. I usually prefer the one with the newest algorithms. Basically that means the one that knows the math. And risk, I look for the one with the best guarantee.

Some come with 60 day guarantee's. That's literal two months time. If you have any problem with it before that you can just send it back. That means that you can test to see if it makes money during that time, and then return it. I chose a program like that and I could not be happier. Do not be afraid to try. That's what's holding you back from making tons of money!

Source by Molly Jobs