Monday, June 4, 2007

How To Save Money



The article More Advice Graduates Don’t Want to Hear by Damon Darlin in The New York Times gives information concerning good saving habits. We all know that once money is in our hands it just goes through our hands as sand, so in this article Darlin sayd that graduates should save 10% fo their income and never borrow money to pay for a depreciating asset. Also he mentioned to spot the lattemaniac, young people are getting realy adicted to them and lets face it, they could cost more than five bucks, this one i think isvery easy and I will stop I love lattes, but yearly they are costing me a fortune.
Plus if young people started saving now, when they get to 60 their money will have increased a lot, its better to save small amounts now than save a huge one later (if later you do have money to save).
Here are some of the main advices to save money:
*Buy used things, except maybe used tires.
*Get on the
do-not-call list and other do-not-solicit lists so you can’t be tempted.
*Watch
infomercials for their entertainment value only.
*Know what your credit reports say, but don’t pay for that knowledge.
*Consolidate your cable, phone and Internet service to get the best deal.
*Resist the lunacy of buying
premium products like $2,000-a-pound chocolates.
*
Lose weight. Carrying extra pounds costs tens of thousands of dollars over a lifetime.