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Tip: Start by Saving $10 a day

CLoomis3091's picture
Posted by CLoomis3091 on July 15, 2007 8:10 PM PDT
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If you believe you can't save money, or if you are laboring under the impression that you don't have enough money to start investing. just take my advice. You can. You can start today. You can start small by saving $10 a day. If you do this, in less than a month you can open up a Schwab account or similar, and within a year you will be growing a tidy investment nest egg. Now, how can you find $10 a day to cut? Here are some ideas: Do you stop at Starbucks every morning? You can save an easy $5 right there. Just quit. Coffee is terrible for your health, so if you quit the habit, you will be doing your health a favor and then you will also have a chance to save $100 a month. Does everybody go out to lunch at your office? Prices for lunch are creeping up to the $10 zone. Why not brown bag it a few times a week and save another $10 bucks? Can you carpool or take mass transit to work, and spare on the gasoline and parking fees? Hey, if you have additional suggestions, please post a comment below! Let's start a whole long list of ways to save $10 a day.

This is a way to earn cash effortlessly. You can start saving a little each day and then, at the end of one month, you will have $300. That's enough to start investing. At the end of the year, you can save more that $3600, and if it's invested, you have the opportunity to grow this to nearly tenfold in far less than ten years. This is the way to build your nest egg.

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Great point! I strongly agree with your posting, there are so many ways to save ten dollars a day. Only setback would be finding a good investment to make for somewhat of a profit. Great posting!

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