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Keeping One’s Self Wealthy

Posted by Data Locker - A Pot of Information on January 6, 2009

42-16219618 It takes discipline, hard work, and diligence in order to maintain a wealthy type of living. I have a read a credible article on the tips for growing wealthy which was highly recommended by the bankrate readers.

1. Grow Your Own Food

If you a plot in your backyard or anywhere near your place, you may utilize it by planting vegetables which you can cook for you food on the table. It is actually a healthy hobby plating with your kids because it is inexpensive and the children will learn basic skills in growing plants.

2. Set Limits and Stick to Them

Make it a point to save some money from the salary you receive. Identify the ones that are of priority to the family. Make an account on the previous expenses and cut the unnecessary purchases at present.

3. Buy Saving Bonds

Make sure that you save 10 percent from your earnings. Doing this on a regular basis will turn to accumulate a nice sum of savings.

4. Redirect Your Raises

If your salary gets adjusted put them right away in your bank account to make sure it’s safe and unspent.

5. Split Raises in Half

Each time your salary increases, you should split them to half. Half you keep, and the other you save it.

6. Track Spending

To help you control of your expenses you have to mindfully monitor your expenses.

7. Spend Less by Budgeting

Decide from tracking your expenses what you should cut.

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One Response to “Keeping One’s Self Wealthy”

  1. Donna said

    Nowadays, we really need to save rather spending too much from unnecessary things we could think of. Dealing with recession is very serious global problem. Thanks for contributing good thoughts to your readers. This is a good help!

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