Some saving strategies

Life looks very difficult without savings. Its importance has grown manifold in this era of rising prices and uncertainties. You will need it the most when you are left with no job or business, health uncertainties and even after retirement.A good saving makes the future more secured.

Pay off high cost debt
Paying off high interest rate debt faster and sooner will help you to save more interest which would have been otherwise taken by some lender. Generally interest keeps on accumulating to grow into a large sum thereby forcing you to file bankruptcy. Paying high interest rate funds first will help you to narrow down your expenses and small loans on the other hand can be tackled gradually.

Retirement program
Participating in work related retirement program such as 401(k) helps in increasing the disposable income. With a dollar for dollar match program one could receive greater than 100% return on their investment.



Automatic fund transfer from checking to savings account
One should go ahead and take the advantages of such technology which is now available with banks. A portion of fixed monthly income automatically transfer into savings account there by leaving behind less money to spare and at the same time increases your savings.