Do you save money weekly?

Aug 14 2007

I wanted to talk a little bit about saving money each week.

The figures for interest accumulations over a period of years is staggering. If you save $5 per week starting when you are sixteen you would have double the money when you are 30 than if you started saving when you were 19. It really is amazing.

I strongly suggest you start a direct debit out of your pay where the money goes straight from your pay to a high interest savings account that you don’t touch until you retire. The pension system is going bust so you are going to have to look after yourselves when you are old.

ING DIRECT is a great savings plan that I use - check them out and play around with their online calculators.

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Posted by funky under Money Savers