Sunday, 3 July 2011

Quick Tips on Saving - Part I

Step 1: Identify your saving goal - what is the purpose of your savings.

Step 2: Calculating how much money do you need to save.

Step 3: Calculate current income and proportion to set aside in order to save X amount in X time.

Step 4: Plan how you can set aside this sum of money.

(Bonus Step 5: Think about where you can park the money for optimal returns yet keep them safe.)

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