Helping your budget. Instructions
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- 1 Cut down on coffee drinks. If you put into savings $4/day you would have spent on a latte at Starbucks, the money would grow in 30 years at 5% interest to $100,000.
If you do want something to drink, buy a bottle of juice: It's better for you and cheaper. - 2 Pack lunch. Spending $5~$10/day going out to lunch will quickly add up.
- 3 Whenever you buy anything ask yourself 3 times "do I really need this?" Chances are your quality of life would be better without it.
- 4 Power of compounding interest. Basically, saving when you are young will put time on your side. When you are ready to retire in 20~30 years, your money will be earning serious interest.
- 5 Spend money on people, not things.
- 6 Live just beneath your means. You don't have to be live like a pauper to save money, just go one step below what you could get. Instead of a BMW, buy a Acura. Instead of a two week vacation, go for 10 day vacation. Save the rest!
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