Why Its Important To Save More Money Monthly
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Transcript of Why Its Important To Save More Money Monthly
Why It’s Important to Save
More Money Every Month
by: Dan Cavalli
Business and Money Strategist
One of the best things
you can do for your
financial situation would
be to save money every
month! I personally
recommend that you
save at least ten totwenty per cent of your monthly pay to see
some really good results.
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I know that this amount is
not the law, and would be
altered to suit the different
circumstances available,
but the main thing is to
save. At all costs, save
money every month!
Saving has been defined
by many people, but there
is one particular definition
that I like, and it simply
says: saving is the act of
paying yourself.
Easy Way To Save Money Fast
Since you practically spend all your money
paying others for their goods and services,
then you would welcome the idea of paying
yourself too, I bet – and hope, too. However
you might be wondering why the hullabaloo,
and why is it so important to save in the first
place.
I am going to give
you a brief
introduction to the
many reasons you
can have for saving
money.
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You can save for future emergencies: You
see, a lot of things happen in this world, and
they might occur at the least convenient
times, and that is why they are called
emergencies. For instance, the car could
unexpectedly have
broken down, the
kid could have
fallen sick, or the
house might have
caved in.
Some emergencies
of course could be
shrugged aside, but
there are also
others that you
cannot look past. Ifyou have such emergencies that cannot
be ignored, you would need a little extra
money to sail past the danger hour.
Six Easy Ways to Save Money in
Your Small Business
If however, you have not made
the adequate preparations for
your emergencies, you can
suddenly fins yourself in a big
pit of debt so fast you would
be wondering when you got in
there.
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I would give you this rule of
thumb – it might take you three
to six months’ worth of income
to crawl out of one emergency
pit. This kind of amount of
money is total, and should not
even include savings if younever had the savings in the first place to start
with.Top Ten Ways to Saving Money
Every Month
Another reason to
save is quite obvious:
Debts from Debit
cards. Are you
struggling with debt
from a debit card?
Well, if you have been saving some money
every month – and the good thing is that
this amount can mercifully be lesser than
that set aside for the incurrence of
emergencies
then you can safely make
use of the savings to handle
the debt situation, saving on
your monthly interests
payments and save your
credit card rating and your
neck.
Saving Money Effectively:
Many Of Us Want More Money.
If you need some luxury items also, you
can use your savings to acquire them
without totally killing yourself and damaging
your cash at hand. Therefore if you want to
go on that vacation or get that new car,
then the savings might your best way to
soften the pinch.
If you want to enjoy the
benefits that can be gotten
from some of the luxury
items, then you would need to
save, and in my opinion, the
best saving method is to save
money every month.
You can use all these strategies to save money,
reduce debt and improve your life but it means
nothing unless you have a foolproof method
automatically set up to do it for you.
Get my FREE money
saving secrets set on
auto pilot at:
www.the-richest-man-in-babylon.com
Free chapters of Dan Cavalli's book:
www.blueprintformakingmillions.com
DAN CAVALLI’s noted by the
“Financial Review” as one of
Australia’s “Internet’s Untold
Millionaires”. He is also the
author of the internationally
sold financial book,
"Blueprint for Making
Millions."
About The Author