If you have to meet your prime objectives in life, such as paying off debt, building a retirement fund, creating an emergency fund or saving for your dream home, every dollar you earn counts. But only earning money is not sufficient. You may need to create a budget, track your spending and reduce daily expenses in order to achieve your goals. Do you think it is enough? No, there are still miles to go to solve your money problems. The problem of saving money is an old age issue that every human being experiences in different parts of their lives. To solve these issues you can always attempt new tricks and tips. Related posts: Negotiate 11 Things You Never Imagined Possible 71% of People Don't Realize They Are Paying Fees in Their 401k Plan: Here's How to Take Action Prevent Yourself from Overspending: Open a Savings Account Today Save Your Money and Quit Going to the Gym The One …
Saving
Negotiate 11 Things You Never Imagined Possible
Hey guys, this week's post is from Siege Media's very own Amanda Tallent. She wrote up this post on behalf of Self Lender, one of the country's top resources to help build your credit and savings. To date, they have helped thousands of people across the U.S. boost their credit and savings. If you haven't checked them out yet, I highly recommend it. Related posts: 71% of People Don't Realize They Are Paying Fees in Their 401k Plan: Here's How to Take ActionPrevent Yourself from Overspending: Open a Savings Account TodaySave Your Money and Quit Going to the GymThe One Habit Eating Your Net Worth and How to Stop it NowThe 10 Questions to Ask Your Financial Advisor ASAP66% of Americans Are Losing Hundreds of Thousands of Dollars: How to Fix itThe #1 Mistake Costing You Millions Here are Amanda's tips on negotiating: For some, negotiating is a skill that takes a lot of practice. Salary negotiations can be particularly nerve-wracking, but critical to your job …
71% of People Don’t Realize They Are Paying Fees in Their 401k Plan: Here’s How to Take Action
For the longest time, I didn't realize there were fees in my 401k plan. I didn't fully understand the insides and outs of how a 401k worked. I really thought it was just something companies provided us to help us save and that was it. That was literally as far as my thought process went. I didn't realize another company was running my 401k plan. For example, at my previous job, Fidelity was in charge of everyone's 401k plan. I don't even know who provides the 401k plan for my current job. Now that I think of it, I should probably get on that. Oops. Update!! It's Transamerica. But regardless, I should've figured that out from the beginning. Which kinda brings me to the point of this post and why it's such a serious issue. According to a study done by AARP in 2011, 71% of people didn't realize they were paying fees within their 401k plans. That means only 29% did! This is really bad. If you're not careful, you can have hundreds of thousands of dollars swiped …
5 Easy Saving Tips To Grow Your Investment Account
What's up guys. I'm super excited to announce the first guest post on the blog. For the inaugural post, I have the honor of Jon Dulin at Compounding Pennies talking to you about 5 easy ways to save and grow your investment account. Take it away Jon! Do you know how to grow your money? You probably think that getting the highest return possible on your money is the way to go. But the reality is growing your money has more to do with how much you are saving than how much you are earning. The reason for this is simple. When you invest a small amount of money, it can only compound on itself so much. But if you were to invest more money over and over again, each of these savings events would compound upon themselves, leading to greater growth. Here is how this looks in real life. Let’s say you invest $5,000 and earn 8% annually for 20 years. After these 20 years, your money has grown in value to a little more than $23,000. But if you invested $5,000 and then …
56% of Americans Have Less Than $10,000 Saved for Retirement
I think we can all agree the last thing we want to think about is saving for retirement. It's so far away for us 20 and 30-year-olds that it just doesn't feel like we need to think about it now. We have so many other priorities to take care of. People have student loans to pay off, rent to pay, if you're starting a family, maybe a down payment on a house and of course paying for that kid you're planning on having is definitely gonna demand some attention of yours. And on top of that, you need to have a good time every now and then to keep your sanity. I mean what's the point of working so hard just for the sake of it if you're not even gonna allow yourself a break once in a while? But the reality is, the sooner you start thinking about retirement, the less you'll have to sacrifice down the road if you start saving in your early twenties. Sometimes people can get out of control spending on lavish vacations and expensive clothes that in the end won't make a difference in your …
16 Things That’ll Help You Make Hundreds of Thousands For Your Retirement
I'm always on the lookout for ways to make extra money and save it all to invest. I mean, the whole point of this blog is to learn new ways to improve our financial situations, so it's always a work in progress and I'll always be open to new opportunities. Especially considering there are always new apps or offers being made over the years, I think it's important to keep an open mind when someone throws a recommendation your way. In my opinion, it's a good idea to be cognizant of ways you can save money on the small things because they can really add up over time, and vice versa, if you're spending money instead on those small things you think won't make a difference. That's why I highly urge you to download the Coffee Habit worksheet in the sidebar if you haven't already. When I used this method for the first time, I seriously became aware of my ridiculous spending habits. I realized I was throwing away over $1 million if I removed only 3 habits and invested that total over …
13 Ways to Save Money That’ll Make You Say “I Should’ve Been Doing This the Whole Time”
Hey guys, this post adds to my previous post that gave you 15 ways to save money and invest it. These 13 ways are even easier and you can apply them to your lives instantly. If you haven't tried some of these out yet, please let me know your thoughts in the comments! With that being said, here are 13 more ways to save and invest more money that'll have you saying you should've been doing this the whole time. If you follow these strategies, you'll help yourself tremendously if you put extra cash into an S&P 500 index fund over 40 years even without including dividends being reinvested. Related posts: Prevent Yourself from Overspending: Open a Savings Account Today Save Your Money and Quit Going to the Gym The One Habit Eating Your Net Worth and How to Stop it Now The 10 Questions You Need to Ask your Advisor ASAP 66% of Americans are Losing Hundreds of Thousands of Dollars And the 13 ways are: Iron your own clothes instead of …
