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Jan 17, 2011

Wise Money Saving Ideas for 2011

Wise Money Saving Ideas for 2011

With the start of 2011, we thought it would be a great idea to share some wise money savings ideas for 2011 with our loyal Singapore Savings Account Rates readers.

We have a short collection of wise money saving ideas for 2011 listed below. We hope you find these universal nuggets of information useful in your search to make your money work harder for you.

So here goes the list of wise money saving ideas for 2011:

(1) Keep track your spending
If you wish to save money, it is wise to know how much is coming in, how much is going out and to keep track of where the cents and dollars are going.

(2) Master the art of being frugal
If you don't need it, then don't go out and buy it. Some spenders think that this money saving idea is so restrictive on their lifestyle. Actually, it is the opposite: it is liberating because you gain control of your personal finance and attain mastery in self control of careless spending urges.

(3) Save and pay yourself first
Always pay yourself first when you receive your salary, profit or investment return. Credit a portion of the money you receive automatically into a savings account by default.

(4) Avoid getting into unnecessary debt
Debt drains you of money and steals your financial freedom. Use credit cards for emergencies. Pay off the entire credit card bill each month so that you do not end up with high interest payments.

(5) Choose the best savings account rates
Look out for the highest paying savings or deposits accounts to boost your interest income. Make sure you take note of minimum sums for the bank accounts to avoid paying extra monthly administrative charges when your deposits fall below a cut off sum.

(6) Keep reading Singapore Savings Account Rates
We mean it. This is no doubt a thick-skinned effort of ours. You get updates on selected Singapore Savings Account Rates in Singapore on our finance site. You get occasional wise words on our Singapore Savings Account Rates site. You get savings related news as well. What more can Singapore Savings Account Rates readers like you ask for?

We thank you for your wise visit to our great site!

The Team

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