Saving money

in esteem •  last year 

The trick to saving is knowing how and making it a habit. There are
a number of different ways to save money to help you become wealthy.

All you need to do is make sure that saving money becomes a priority for you.Putting all the money you are saving into your savings account at the bank may sound like a great idea, but over time you may not be doing yourself any good. Quite simply, although savings accounts are interestbearing and aren’t tied to the stock market and its fluctuations, the interest that you earn on your account won’t keep up with inflation over the long run. I base the inflation projections for each financial plan I do on
the national average and forecast, as well as on what time frame I’m
looking at. Traditional savings accounts don’t earn enough interest to
keep up with inflation. Plus, if you begin to take out income from your
savings account on a regular basis, you will find that you deplete your
account much faster once inflation is figured in. The only way to make
your money work as hard for you as you did for it is to invest it.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by favoure from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.