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Wednesday
Nov172010

The Importance Of Saving Early

There will come a day when you want to buy your first car or house. Wouldn't it be nice if you were financially ready when that day comes? You know you're eventually going to want a car so why not start saving now! It's like buying food for the week knowing you'll be hungry. Don't just think, act upon those feelings. 

It's so easy to open a savings account and deposit 25-50 percent of your paycheque/week. You'll still have plenty of fun money if you're worried you'll be missing out in university/college.

How many of you spend money as fast as you make it and are constantly living in the now? If you want that first house or car while your still young you need to get in that "Young & Free mind set" It's easier to save when your 17, 18 (Or earlier) than when you're 25,26. Like most habits, those bad spending habits will stick with you for a long time.

Set goals to prepare your financial future.

By age 17: Have $2000 in your bank account

By age 20: Own your first car

By age 23: Finish school/get a career

By age 26: Own your first house

Keith

True Fact: The average person eats 1500 pounds of food every year. 


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