What is the single biggest difference between financial success and failure? Is it how much income you have? You can be earning $60,000.00 a year and spending $65,000.00 and be broke and in debt. Just look at some of our sports stars and entertainers. Well, the difference is money mangement. It's not so much as how much you earn but what you do with it.
Point 1 Savings treat it like a bill. Find a bank( a black one, if possible) and get started. If your job offers direct deposit, have a selected amount deposited every pay period in a savings account. You can also do this with any funds you receive .
The interest rates are not high not but trust me having money in the bank can reduce some of the stress we have over money.
Get the family involved. Start saving that change in a jar. When it gets full, take it to the bank and deposit it.
Posted By: Dorothy Johnson
Friday, November 5th 2010 at 10:46AM
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