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PUBLIC MARKS from figerrific with tags savings & "save money"

28 October 2006 06:45

Get Rich Slowly » Sure-Fire Ways to Jump-Start Your Savings

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You know an article must be good when your accountant forwards it to you. Mine sent me this list of 11 ways to jump-start your savings from Dana Bratch at MSN Money. Bratch writes: The secret of successful savings borrows from the tale of the tortoise and the hare: Slow and steady wins the race. But while it may be a winning strategy, it’s difficult to get motivated when your savings balance is climbing that slowly. One way to keep your head in the game: Sock away extra money, especially in the beginning, so you can get enthused watching that balance really climb. One key to successful money management is to make the most of psychological tricks. This is why the Debt Snowball is so successful. It’s also why a simple way to save is to simply avoid temptation — to avoid stores where you know you’re likely to spend.

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