Tuesday, May 25, 2010

Great Ways to Save Money-Be Realistic


When it comes to saving money, make sure the goals you set for yourself are realistic. If you earn $40,000 a year, saving $20,000 would be nice, but its not very realistic.


Make sure your goals are attainable or you will become discouraged and give up. When you first start saving money, try setting some short term goals and work towards them. After you have successfully reached your smaller goals you can start planning for more long term goals that will help you attain your financial plans.


Remember the story of the tortoise and the hare. Slow and steady wins the race. It is better to save a little at a time and develop good, strong habits that will last you for the rest of your life.


The next tip in this series will arrive soon.