Monday, February 29, 2016

Saving money

We all need to start saving money because the real world is sneaking up on us. We need to save money for many reasons. Here is how to save money effectively: (1) record your expenses, you need to know how much you are spending; (2) make a budget, limit how much you can spend a month; (3) plan on saving money, plan on saving 10-15% of you income; (4) set savings goal, set how much you want to save, take into consideration that there doesn’t have to be a set amount; (5) decide on your priorities, decide what you are saving for and also decide what your money is important to spend on, put necessities first; and (6) watch your savings grow, check your progress each month to identify and fix spending problems quickly.
-- Jaden Baker

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