Monday, May 19, 2008

Thing I should have known...

start 401K.  I did start it a year later but i was not "aggressive enough". Two years later I've changed into aggresive and increased my contributions.

 

start a savings account in ING. which I did three years later since I started working. Then I have sub accounts which i use for my car expenses and things I wanted to buy but I don't want to use a credit card and pay interest.

 

start an emergency fund. most financial advisors say that a person should need a 6 month worths of emergency fund. i don't have it. but i am slowly starting one.

 

do at least one overtime in every pay period and saved it.

 

pay my car in 2-3 years instead of 5 years and then save the car money for its maintenance and/or downpayment for a new/used car in the future.

 

borrowed books and videos in the library instead of buying and/or renting.

 

checking out the thrift stores, salvation army and goodwill stores before buying anything for my home.

 

making a store comparison prices notebook/spreadsheets and checking out store flyers before doing groceries.

 

clipping out coupons for things/food that i love to use and eat.

 

making a budget and sticking to it. 

 

always carry a calculator and learning how to use it effectively.

 

 

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