and then 1,000 CD I wanna start planning, saving and budgeting for the future. I wanna be shopping smart and doing the right things. Where do i start? I am trying but I need some pointers from others that are farther along then me!!
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Read the book Smart Women Finish Rich, it gives you a lot of handy ways to begin budgeting and controlling your spending. Also put it down on paper, and be disciplined.
Annuities
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go to your state department of insurance.
look at the ratings for these insuracnce companies. only the top 10 are listed, read into their standings.
they are governed and cannot invest more then their assets. Banks are not the best source.
.
split the savings into short term and long term – opt out on the market. read, read the small print ask questions and read some more.
I’ll help you. I won’t go into detail, but I will give you a really helpful tip that will save you a lot.
Right now you should jot your plan on paper, just make a complete list of everything that you just made last week. I don’t care if you’re still in school or in college. Just do it, every little amount of money that you made from a job, or that someone gave to you and everything.
Label it- Gross Income
Next jot down every cent you spent last week up until today. Everything down to buying a drink at the store to going groceries shopping to entertainment, and bill paying.
Label it- Expenses
After you make it, you should subtract the expenses from the Gross Income. You should still have some money left. I fyou do not, and you’re in the negatives, that’s obviously not a good sign. If this is the case, eliminate some of you’re personal expenses to make some room. If you end up positive, put that money aside for later, that’s all.
Are you fully funding the 401k at work? If not do so, NOW. If no 401k, put money in an IRA. Right now you can contribute for 2007 and 2008, although if you filed 2007 taxes, you’ll have to amend them. If you put maximum amounts in now while you’re young, it has a LONG time to grow and accumulate for your retirement.
You’ve got a good start, with your savings. Put some of that savings into retirement plans. Then keep saving, and saving. Automatic payroll deductions or automatic transfers from your checking to savings or investment account can make your saving automatic.
there is no trick to making money , the trick is to hold on too it, the way to wealth is a little bit of money over a long period of time . good luck i think u will make it
so many things…go to your books store and grab one of Dave Ramsey’s books.
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