2006-06-22 00:55:07 · 10 answers · asked by QA559 1 in Business & Finance ➔ Insurance
If you haven't already, contribute to your retirement plan, ideally into 401K plan. Most companies will match your savings (at least for a portion) plus first $15,000 is tax free. If income is on the lower side, a Roth IRA is also a great option. You pay taxes on it now, but you don't pay taxes on it for all the gains (which you could accumulate over 30 yrs, so it's a very good deal).
2006-06-22 01:08:15 · answer #1 · answered by Anonymous · 3⤊ 0⤋
Some employers have matching programs where you agree to have money taken from your pay check and put into a savings plan and they match it by a percentage up to 100%.
Years ago I worked for a company that had a savings plan they matched 100%. I didn't sign up for it until I had been there about five years and I didn't contribute the maximum. Even though I took my own contributions out every few years or so, when I left that company, I had over ten thousand dollars in matching money. I only wished I'd gotten into the program years before.
2006-06-28 15:09:33 · answer #2 · answered by C R 3 · 0⤊ 0⤋
The first piece of advice is to pay yourself first and live on what's left. So for instance, start with $5 a week, and after a few months bump up to $10. The trick is never touch what you've saved, and continually bump up what you save.
2006-06-25 18:11:15 · answer #3 · answered by knowitall 5 · 0⤊ 0⤋
Go to your bank and ask for help. They will show you what savings account that is the best for you. You only have to save a little each month.
2006-06-22 08:00:18 · answer #4 · answered by mu_sa_kossan 5 · 0⤊ 0⤋
Have the money taken directly out of your paycheck, and deposited in an account not easily accessable - like a 401K, or a savings account at your bank that is NOT attached to an ATM card.
Pay yourself first.
Trust me, it works.
2006-06-22 08:13:35 · answer #5 · answered by Anonymous 7 · 0⤊ 0⤋
Perhaps you mean to ask about low cost insurance plans since you are in the insurance section of "answer".
If that is your question, you might want to look into a short-term insurance plan.
Go to http://www.wavehelp.com/short-term-health-insurance.htm and look around. You may find just what you are looking for.
Best wishes.
2006-06-28 16:36:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
the best way to save your money is to start investing in mutual funds or take ulip policy this will help u save money and pay u good returns in future
thru ulip u will get ur life covered, tax benefit and good returns as compnay will invest ur money.
2006-06-22 08:18:48 · answer #7 · answered by rahulbu 1 · 0⤊ 0⤋
Pay your bills, Decide how much of the leftover amount you want for things you don't need (movies, eating out, etc), and save the rest.
2006-06-22 08:09:32 · answer #8 · answered by cowgirl 6 · 0⤊ 0⤋
dont spend it.
cant beat that.
period.
2006-06-26 21:45:12 · answer #9 · answered by barryfl 2 · 0⤊ 0⤋
Make more.
2006-06-22 08:32:36 · answer #10 · answered by Looking Up 5 · 0⤊ 0⤋