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I got a big raise, but things just always seem to keep coming up. Makes saving money hard. Was wondering if anyone had some clever ideas for how to set up a nice little nest egg.
Do you have a savings account? I set up my paychecks to where 20% goes to my savings account every pay period.
Do you have a savings account? I set up my paychecks to where 20% goes to my savings account every pay period.
Just have a seperate saving account. Put whatever you can into that and don't touch it. After you save up $10,000 - $20,000.... then put ALL of it into a money market liquid CD where it will earn interest.
Pay off any credit card debt if you have it. Then have a portion of your paycheck automatically transferred to a savings account. I also automatically contribute to a retirement account.
Truly smart.A friend of mine used to do this whenever he'd get the urge to buy something crazy, like a new TV, etc,. After finally deciding to not go for it, he'd take the money that he would have spent and pour it into a mutual fund or something like that. He's got a nice size chunk saved up just from that.