Posted on Jul 14, 2007 | Comments 0
Managing time is saving money.
When we have be in charge of our time, it makes our load easier, and our lives stronger.
When we are attained a financial limit, we need to recognize the value of a dollar.
If you are saving money to achieve a goal, it is always smart to store your funds in accounts that incorporate interest on the dollar.
Some banks offer more interest rates than others do, so it pays to shop around. If you are investing in short-term goals and saving money for the occasion, you might want to open another account.
For instance, if you propose to take a Holiday Vacation, you will save funds, but keep it distinct from your business account. If you have a Mortgage Loan, you might want to appraise your terms & agreements, since some loans offer vacation packages.
In addition, you might want to note that money market accounts and saving accounts are great for short-term goals, such as vacations. By saving your money in accounts that contain interest, it allows you to collect addition savings, and your â€˜principal is secure.â€™
If you are opening, accounts to save money for long or short-term goals, be sure the accounts do not have concealed fees, charges, or â€˜penalties for earlyâ€™ withdrawals. Saving money is managing time, so if you are paying fees and charges, or penalties you are spending money and burning time.
Consider a Best Time Management Scheme
Ensure you keep savings in an account that are not used for your investments, because you will need a backup plan when all else fails. Similarly, if you are investing your money in lottery tickets, you are wasting time.
Unless you are lucky, most people only win a few dollars, so do not enclose this in your time management scheme, since it will only bring you down once you understand you are wasting time and money.
Time management is the process of making shrewd decisions to achieve goals and flexibility in addition to saving money. When you create a good time management scheme, you are well on your road to success.
Set Shot-Term and Long-Term Goals
Irrespective of your goals, it takes money to obtain them. There are no exceptions to the rule. If you are saving for retirement, or to send your kid to college, it is wise to set a goal in the short-term range for one goal and a long-term for the other goal.
For example if you are saving funds for college tuitions, you want to set a five-year term contract with yourself, unless your child is going to college next year.
Investment To Accomplish Long-Term Goals
If you are saving for retirement this is a long-term agreement that you want to invest cleverly. Keep in mind that times are constantly changing and prices are soaring, so calculate the increases in your time management scheme for the best turn around. This will help you save money and time.
Ensure you know what you are getting into to decrease your risks if this is your lifestyle. If you investments are an opportunity to reach long-term goals, then ensure that you realize that no investment is sound proof.
Posted in: Time Management