"RISK".. a important key to note.

Becoming finance savvy means being ware of boundaries - and knowing what your attitude is toward risk. Most finance experts agree that what determines this attitude is not how much money you have but where you are in life, and how much money someone has - be it millions or even billions - ill-informed speculation cold see them losing everything. The rich usually stay rich by knowing exactly how much they can afford to lose and when to stop speculating.

The key is to acknowledge the risk inherent in speculation and spread it over different markets. If you have a mortgage , you basically already invest in property If you have other money you want to invest, then it's sensible to pursue speculation in markets such as commodities, tech shares or contemporary art dealing. This way, you'll have other investment to fall back on if one of the markets break down.

Credit card for Emergencies.

Should you have to use money$$ locked away in a n account witha notice period for an emergency, it can handy to bridge the notice time with funds from a credit card. Generally, if you are self employed, or just starting work, having a credit card with a small balance can be useful stop gap. But this is only advisable for the disciplined who pay their credit card bills every month.

How can we save better???

Successful Saver planner.. their strategies:-
.keeping a budgeting or house keeping book.
.not having credit cards or using cheques.
.paying for everything with cash.
.only ever talking a limited amount of money out with them.
.transferring a certain amount of saving account automatically each month.
.returning things bought on impulse.
avoiding shopping.

Top Ten ways to save $$money.

How to be smart about our money, and surviving these tough times. What do we do?

Top Ten Ways to Save Money

Saving money is never easy… It’s like you can never have enough. And when I attempt to put some money aside, I always find a way to use it. Maybe not today, but eventually I am back to where I started.

At least that’s how it used to be before I started to practice the following tips. You may not be able to buy your private charter plane with your ‘piggy bank’ money, but at least you’ll have a little something when in need.

1. PAY YOURSELF FIRST ON PAY DAY : One of the best things to do on pay day is to pay yourself. No, this doesn’t mean in the form of new shoes, or even a night out. It means, take a chunk of your check and deposit into your savings. If you run across unexpected money, or if you get a bonus at work…. put it into your savings. I know it’s tempting to spend it on a night out, or a ‘reward’ for your hard work …. but putting it away will result in more return. Putting away your money into a separate account will make it harder for you to use that money. (Try to deposit into an account you don’t have a debit card for.)

2.STOP BUYING MAGAZINES, NEWSPAPERS, MOVIES, BOOKS: I don’t know about you but the amount of money I spend on weekly tabloids is a bit excessive. Ok, so $4 doesn’t sound like a lot for a week’s worth of celebrity gossip…. but $4 per week adds up. Instead of buying magazines opt for the e-zine (check out the top ten Celebrity blog sites for more info). Rent movies, rather than purchasing them. Go to the library to borrow books rather buying a book you may or may not finish.

3.CUT DOWN ON EATING OUT AND ORDERING IN:It may be less convenient, but it’s a lot healthier, and money savvy. You’ll save lots of money on food, and drinks.

4.USE YOUR PIGGY BANK- SAVE YOUR COINS: The change in your purse may not seem like a lot… but if you put it all into a piggy bank, you’ll be surprised at how fast it can add up!

5.COUPONS ARE A MONEY SAVER’S BEST FRIEND:Whether it be groceries, shopping, restaurants there are coupons available every where! Look online for deals, sales, specials. You can definitely save a lot of money doing this one!

6.CHECK YOUR CELL PHONE PLAN: If you are like me and my friends land lines are a rarity. Ask around and see what carrier your friends, family have. If you notice a trend, see how much it would cost to get unlimited mobile to mobile calls / texts. Mammy and I (Mammie) have the same service provider, and boy does it save us a lot of money!

7.RECORD ALL YOUR EXPENSES: You may not be able to record all your expenses all the time. However, try to commit to expense recording for one week. This way you can see where your money goes, and see some ways to cut out or budget your luxury items.

8. ”SALE” DOESN’T ALWAYS MEAN A GOOD DEAL:Make a list before you go shopping. Don’t buy unnecessary items. Yes, this sounds easy enough, but you’d be surprised at how many miscellaneous items I end up with. Just because something is on sale – don’t grab for it. Make sure it’s something you need. Honestly, if you don’t need it… wait …. it’ll most likely be on sale when you need it.

9. PAY YOUR BILLS ONLINE OR IN PERSON:41 cents doesn’t seem like a lot of money, but add up all those bills. Take some time to pay your bills online, or in person and you’ll be able to make sure you get your payment in on time.

10. TRY TO PAY WITH CASH: If you pay with cash, you’ll know when you are out of money. This is the best way to budget your expenses. Try to get rid of your credit cards, and pay with cash. You won’t have to worry about paying your bill on time, and / or interest. It’s the easiest way see how much you have to work with.

The above tips should help you save money — one penny at a time.

Any other tips on saving money? Let us know!

Motives for Saving....

1.Precaution - saving for a 'rainy day'
2.Foresight - being aware that your circumstances might change
3.Calculation - basically, wanting your money to earn interest.
4.Improvement - wanting your lifestyle to get better over time.
5.Independence - attaining the liberty of self-reliance.
6.Enterprise - having the freedom to invest money
7.Pride - having sometjhing to leave to your childern.
8.Avarice - saving for saving's sake.

30% of us are driven by the fear that the futures will not be rosy enough.

Saving Behaviour.......

"Saving is a fine thing. Especially if your parents have done it for you" by Winston Churchill

why saving can be challenging - but it also shows you how understanding why might help you overcome the difficulties.

Introduction....Saving

survey statement :-
-over 40per cent of people dont have a personal pension and 70 per cent admit to no significant savings. That's not a good news.
-Having some savings not only gives your security ; it also provides you with the freedom to take your life into your own hands.
-you'll be amazed how easily money$$ can grow with minimal effort on your part.
-Now's the time to buck the trend of financial apathy and take control of our future.

Saving ... a serious matters

The cost of living is rising every year and pundits predict there will be no pension in next 30 years. This site is created to shows how to grow the little you have into something much more substantial and that you don't have to be rich to get a Swiss Bank account, mortage or create a net egg. It covers everthing from different types of bank accounts and pensions, offshore banks and financials advisers..Saving wants to give you a richer future.