Savings! Savings! Savings!

Now we get to the good stuff, the stuff I know absolutely nothing about! YAY! This should be great guys, have no fear captain I don’t know shit about savings is here! Please someone more educated in the department of finances help my readers. I fear my rationality of picking stocks because their names are fun to pronounce is not a good strategy. I probably should’ve paid more attention in consumer education. I will try to help you with what I do know though. First being, there is no excuse not to be saving! Right now, if you’re current employment status allows it, you need to be putting aside at least $100 for savings. I’ve known this for years, but when did I finally start, a couple of months ago. I was one of these people,  I’d budget for my savings, it would sit in my checking account, then some deceiving judgment call would trigger and I would justify spending it at the bar or on an outfit for the bar. “Oh, I’ll just put double the amount aside next month” Lies! So stop! If you’ve had problems like me actually getting the savings into the savings account then set up an AUTOMATIC WITHDRAWAL, this is the good kind so it’s allowed. 🙂 With the help of a friend I chose Discover Online Savings Account (see link below). Just make sure to always account for the money being taken out, budget around it. You received X amount of dollars on the 30th, budget yourself on there being $100 less. Overdraft fees are no fun and can quickly add up.  Another savings option and probably the most valuable least taken advantage of is the mighty 401k. If your employer offers this, CONTRIBUTE, CONTRIBUTE, CONTRIBUTE! I cannot be clearer on the subject, this is money you cannot access until you are 65, it’s what I like to call “if I can just make it to 65 I’ll be rich” savings plan. Well I won’t actually be rich but I will sure have a lot more money than if I had never contributed. So please folks please take the time to plan for the future. Believe it or not, as long as we take the steps to change, this debt will only be temporary and when you come out of this little slump you’re going to want to come out on top and I want you there too.

Savings = Happiness

D

http://www.discoverbank.com/online-savings-account.html

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