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How to Save Money
INTRODUCTION Saving money is one of those tasks that's so much easier said than done. There's more to it than spending less money. How much money will you save, where will you put it, and how can you make sure it stays there?
Here’s HOW TO SET REALISTIC GOALS Keep your spending in check;  and get the most for your money.  A Team of Friendship Exhibit to Enhance Leadership
Steps
1. Kill your debt first ,[object Object]
Once the money is freed from debt payment, it can easily be re-purposed to savings.
Plus, the sooner you pay off debt, the less interest you'll pay, and that money can be saved instead.,[object Object]
determine how much of a down payment you’ll need.,[object Object]
do a lot more planning, and you’ll also need to figure out how investments will help you achieve your goals.,[object Object]
make sure the goal is attainable within that time period.
If it’s not attainable, you’ll just get discouraged.,[object Object],[object Object]
Control over how much you spend.
Keep a small notebook with you at all times.
Sit down once a week with your small notebook and receipts. ,[object Object]
Think about your priorities, and make cuts you can live with.
Calculate how much those cuts will save you per year, and you'll be much more motivated to pinch pennies.,[object Object]
Your expenses from your take-home income.,[object Object]
Write down a budget so you’ll know each month or each paycheck how much you can spend on any given thing or category of things. ,[object Object]
Don't even use checks.,[object Object]
Consider higher-interest options such as CDs or money-market accounts for longer savings goals.,[object Object],[object Object]
What goes around comes around when it's between close friends, soon enough, you'll find your friends doing the same, and everybody benefits.
Take care of your possessions.
Match your funds.
If you receive unexpected cash, put all or most of it into your savings, but continue to set aside your regularly scheduled amount as well.,[object Object]

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Elmer Somoro power point

  • 1. How to Save Money
  • 2. INTRODUCTION Saving money is one of those tasks that's so much easier said than done. There's more to it than spending less money. How much money will you save, where will you put it, and how can you make sure it stays there?
  • 3. Here’s HOW TO SET REALISTIC GOALS Keep your spending in check; and get the most for your money. A Team of Friendship Exhibit to Enhance Leadership
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  • 6. Once the money is freed from debt payment, it can easily be re-purposed to savings.
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  • 10. make sure the goal is attainable within that time period.
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  • 12. Control over how much you spend.
  • 13. Keep a small notebook with you at all times.
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  • 15. Think about your priorities, and make cuts you can live with.
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  • 21. What goes around comes around when it's between close friends, soon enough, you'll find your friends doing the same, and everybody benefits.
  • 22. Take care of your possessions.
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  • 25. Save a little will help build the habit of saving.
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  • 28. The benefits of saving money In a time when credit card debt is taking over so many people’s lives, it’s good to look at the benefits of Everyone knows the phrase “it takes money to make money.”  Sadly, most don’t understand the implications Saving money is a prerequisite for making investments and accumulating wealth.  Saving money helps one achieve financial
  • 29. Life is uncertain. People save primarily because of the inherent uncertainty about the opportunities and threats that they. The benefits of saving money are numerous. However, the most important one is that of building a financial firewall against
  • 30. References [1] Morris, Stephen. Network Management, MIBs & MPLS: Principles, Design & Implementation. Prentice Hall, 2003 [2] Gamma, E., Helm, R., et al. Design Patterns: Elements of Reusable Object-Oriented Software. Addison-Wesley, 1995 [3] Download area for source code
  • 32. A Team of Friendship Exhibit to Enhance Leadership ELMER M. SOMORO ELSOM 491 E-mail: esomoro@yahoo.com Contact No. 09087478404