On our way to pick-up a dinning room table.
10 Ways to Trick Yourself Into Saving
Tuesday, February 23, 2010
This article is part of a series related to being Financially Fit
Follow These Tips to Spend Less and Pocket the Money You Save
If cheap is chic, then saving is suddenly sexy. America Saves Week (February 21-28) takes on new meaning when the U.S. savings rate, which had dipped into negative territory, headed up to 4.6% last year. The savings rate could climb as high as 6.5%, according to Allianz Group Economic Research.
You know you’re on to something when investing icons such as Burton Malkiel and Charles Ellis jump on the bandwagon. Malkiel and Ellis are authors of a nifty little book called The Elements of Investing. The book is just 154 pages long, including glossary, and its investing advice can be summed up in four words: “Keep it simple, sweetheart,” a strategy I wholeheartedly endorse.
But, say Malkiel and Ellis, “it all starts with saving.” Who would have imagined that this legendary Wall Street duo would be advising readers to buy next year’s Christmas cards on December 26 or rent a movie instead of going out? People at all income levels tell me that they have trouble putting money aside because they’re living paycheck to paycheck. But I’m convinced that saving is a classic case of mind over money. Here are ten surefire ways to trick yourself into spending less and saving more: (more…)