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9/22/10

5 essential tips on how to save and achieve your financial goals

1 – Set important goals
Set goals and draw plans that make the sacrifices worthwhile. Saving is nothing more than that: sacrificing present consumption spoon to enjoy a better future. The stronger your desire, the lower their sacrifice.

2 – Make saving simple
There is a plethora of techniques, tactics and recommendations to save money. Choose the simplest rules and the percentages more comfortable. Think hard before choosing their tactics. Once chosen, break up and take complete control of the situation. Do not adopt any tactic that you do not dominate and restrict the boundaries of those savings you believe you can deliver, albeit with some sacrifice.

3 – Be disciplined
Little early for lunch to save and spend on dinner. By day’s end you will have saved nothing. If you’re willing to reach any financial goal, be aware that need time and discipline. Choose simple rules and parameters that are easy to be together and be faithful to them.

4 – Pay on the first day
Do not expect the end of the month to see how much will be left. The right time to separate the money into savings is when you receive. Whatever the amount or percentage established, separate immediately that part for your buck, as if you had not received that value.

5 – Resist temptations
Do not allow the money saved is wasted. Avoid stirring in reserves to meet consumer impulses. There are three important factors to facilitate the accumulation of wealth: the principal, the interest rate and time. There is no doubt that time is the most important.Do not interrupt investment ahead of time, and be sure to do the amount of resources planned. Learn to add $ 100 a month for twenty years resulting in an amount greater than $ 400.00 together for ten years, or $ 1,000 for five years, considering the same interest rate. And admit it is much easier to separate a little money each month than a large sum near when you will need.

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