Save Money

When we think of someone that is financially successful, we often think of an individual that makes a lot of money, someone who started investing very early on or someone who hit it rich through a hot stock. The book “The Millionaire Next Door” by Thomas Stanley and William Danko (click here for more info ) proved that many millionaires were just average people that applied some common sense and discipline to their everyday life. We MsFiscallyFitters also believe that achieving financial security is not limited to women making gobs of money or for those who find some hot, but very risky investment. It’s not how early you get started in investing; but rather that you STARTED investing. It’s not an issue of how much money you make, but rather how much of the money you make do you save and invest. It’s not a matter of did you buy Facebook when it was only $20 three years ago, but more importantly are you taking the time to formulate good, long-term investment strategies.
I believe everyone understands the importance of saving for the future, but many women often tell me they don’t have any money to invest, but in the same breath they ask me to join them at the next weekend sale at Nordstrom or offer me a latte at Starbucks after work. Financial success is not hitting the “Big One”, but can be achieved by diligently applying easy money saving tricks we can learn and do every day.
In the upcoming issues of we will feature several quick money saving techniques that you can apply to your everyday life as you begin the journey to becoming Fiscally Fit. Areas such as: saving and making money on your bank accounts, reducing insurance premiums, cutting back on impulse buying and so on.

We have assembled below a list of Money Saving Tips that you can start to use right away and begin your journey to becoming Fiscally Fit!

Fiscally Fit Money Saving Tip #2 – Take Advantage of Your Employee Benefits

Take Advantage of Your Employer So if you have to work, why not make some extra money off your company! It's amazing how many people do not take advantage of all their employee benefits. In this highly competitive work environment, employers are forced to offer better benefits to attract and maintain valuable employees. But even if your employer offers premium benefits, if you never utilize them what good does it do you and your family. It is sad to say, but if you are not taking advantage of all your company's benefits, you are quite literally throwing money away. Here's a quick list of some of the more common employee benefits that will save you money and how to take advantage of them so you can make the most of your J-O-B: Retirement Plans This is one of the best ways to save for retirement. When you enroll in your ...
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Fiscally Fit Money Saving Tip #1 – Make money on the money you make

A good friend of mine said: "Make money on the money you make". Even when you are sleeping, your money should be working for you. For example: Do you have a checking account that earns interest? It is surprising how many people keep relatively large balances in non-interest bearing accounts. Even a little interest can add up to a lot over a period of time. Search out financial institutions that offer no-fee interest checking accounts that have low or no minimum balances. Many credit unions offer these types of programs. Sometimes you don't have to be a direct credit union member because family members of credit union members can also open accounts or some office buildings offer credit union affiliate programs with all their tenants. Sometimes banks offer no-fee interest checking accounts if you "auto deposit" your paycheck. Some investment accounts offer checking account features for no extra charge. Look ...
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Save BIG by Buying A Used Car

If you are in the market for a different car, have you considered buying a used car? There are some very good financial benefits to buying a used vehicle. Of course, if you are the type who only wants new vehicles, then this information will be food for thought for you, while people who would consider buying a used car, will find this information exciting. Let's take look at the overall financial impact of purchasing a new versus a used car. For this example, the new vehicle will cost about $28,800 and the used vehicle will cost $15,200 over the next 5 years. We will also assume that after you finished paying for the used vehicle that you continue to put into the bank the same amount as the car payment. At the end of 5 years, here's how much your net worth will have increased. These numbers do not ...
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Boost Your Coverage Thru Employer Sponsored Insurance Programs

Employee Benefits Boost Your Coverage by using Your Employer Sponsored Life and Disability Insurance Programs Some major companies offer life and disability insurance for an additional cost or sometimes for free. If you have a family, taking advantage of your company's life insurance benefit may be a cost-effective way of beefing-up your life insurance. If you are the primary breadwinner in the family or your income plays an important part in your family's monthly living budget, it is important to have the appropriate amount of insurance to hedge against any catastrophes that would affect your ability to earn income. Depending on your situation, purchasing the coverage you need to protect your family may be too expensive. Compare the rates and coverage offered by your employer and your outside insurance company. Do not assume your company's insurance policy is cheaper. But if the company insurance program is less expensive, you may ...
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