Finance

What is The Ideal Amount to Save Each Month

What is The Ideal Amount to Save Each Month

Finance, Money
Ah, yes, the age-old question for every adult – how much money do you have to save each month to secure a good living, and potentially avoid going to the moneylender. This is a tricky question to answer, as everyone’s got their own expenses and earns a different income. There is no bulletproof savings plan that can cover all people, but there are some general rules that you can abide by and use as guidelines during your effort. How Long-term Is Your Plan? How long-term is your plan is the first thing you have to ask yourself. Again, the answer might differ – maybe you’ve got a money goal rather than an age goal, maybe you’re thinking a decade, maybe two. However, there are the three standard plans for saving money: · Rule of thumb · Short-term · Long-term · Lifetime Le
Savings Where You Never Imagined

Savings Where You Never Imagined

Finance, Money
Investments are a great way to increase financial gains; with this being said, some people do not want to take the risk. With the stock market, or other investments, you run the risk of loss; so, you want to know how you can go about growing, increasing financial gain, and not having to deal with the risk of loss? You do have options. These are a few things you should consider, when you are trying to save, want your money to grow, and want to set aside a nice nest-egg for when you do retire, without going through risks. 52-week challenge This is an online challenge on a financial website, which is free to do, and if you do it properly, you can save up to $14K in one year. That is quite a bit of money. You simply have to re-establish yourself and your spending habits. You are going to hav...