i know i am guilty of always talking about fashion, shopping, traveling....things that require you to spend money. BUT before i do any of that i pay myself first & pay all of my bills in FULL! everyone should TRY to put away at least 10% of their income...it really should come out automatically so you're not tempted to spend it. if you can't put away 10% put away something like $10 or $20 a week. why not make your money work for you. there are so many high yielding accounts out there right now that you could really be making some money off of your money. here are some examples of high yielding accounts: ING direct orange savings account you can earn 4.5% interest, FDIC insured, no minimums, no fees, easy online transfers, Capital One has a high yield money market account that pays 4.75% interest, no fees, no minimum, free checks & ATM card, easy online transfers & FDIC insured up to $100,000, ETRADE complete savings account is paying 5.05% interest, no minimum, no fees FDIC insured. *NOTE: interest rates may vary day to day* you have to decide what's right for you but there are ways for you to secure your financial future right now. if you are the type that likes to take risks buy some stocks...there are online sites also such as sharebuilders, ameritade, & ameriprise. if you save every time you get paid then you will not feel bad when you decide to buy a pair of the latest jimmy choos or a marc jacobs handbag. take the time and think about your future.
i am in no way affiliated with any of the above mentioned banking/financial institutions. for more information about the high yield accounts mentioned in this blog go to their websites & do some research so you can make an informed decision about what's best for you. everything mentioned in this blog is my opinion.