Ways To Save Money In 2009
MSNBC:
* Save for one month’s expenses. Put 10% of your take-home pay into an interest-bearing savings account. Plan to have saved at least one month’s worth of expenses — or better yet, one month’s salary — by the end of the year.
* Shop around for the best rate. The bank where you have your checking account may not offer good interest rates on a savings account. Compare rates at sites like Bankrate.com and SavingsAccounts.com. Make sure the institution is FDIC-insured. You can open an HSBC Direct online savings account with just one dollar and earn a 3% rate. No minimum balance required.
* Make direct deposits from paycheck to savings. Some employers will allow you to designate several accounts for your paycheck. Have at least 10% of your paycheck directly deposited to savings, the rest to checking to cover monthly bills. If you can’t do direct deposit, have the money automatically taken out of your checking account every month on payday.
Still not finding enough dollars to put into savings? Look harder. Here’s how.
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