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

Singapore Savings Account Rates.

Make Money With Best Bank Deposit Interest Rates

Make Money With Best Bank Deposit Interest Rates

If you are banking on a way to make money, the best and simplest way to make money is to choose the best bank with the highest un-fixed savings deposit interest rates in Singapore. Not-so-savvy investors who miss the woods for the trees often overlook this simple, easy yet logical method to make money.

With the hard earned money that you have made from your sweat and blood, do you put it in any bank un-fixed deposits savings account with average un-fixed bank deposit interest rates and then look out for investment opportunities elsewhere? Do you spend time and resources to check up on the best investments in the market to make money, only to see your cash earning miserable bank deposit interest rates while parked in a run-of-the-mill savings deposits account at the end of a week, a month, or even one or two years?

If you wish to keep your cash handy yet make money without locking into a fixed term like a fixed deposit account, a unit trust, a treasury bond or a Singapore blue-chip company, why not make more money by sourcing for the bank that will pay the highest bank deposit un-fixed interest rates for your hard earned cash savings in the meantime?

Average Singapore savings bank deposit interest rates now hover around 0.25% per annum on average in the last few years. We have found banks and financial institutions that can make money at 0.5% per annum or more interest rates on un-fixed sums as little as $5000 or less.

What this means is that by switching bank savings deposits account from one earning interest rates of 0.25% p.a. to another that earns 0.5% p.a. interest rates, you make money with a 100% ‘profit’ on your earned interest income. Add the effect of compounding and the gains would be even higher. If you have larger sums sitting in your bank savings deposits un-fixed account, you can potentially make more money and make more happiness with un-fixed bank deposits interest rates at 1.0% p.a. or even higher!

Choosing bank savings accounts for better interest rate payments to make money is a legitimate, safe and worry-free method: no worries about any lock-in period or fixed deposits tenures or fluctuating stock or property market conditions.

Here at Singapore Savings Account Rates blog, we provide you with simple un-fixed interest rates numbers. The latest and best bank deposits interest rates that we keep track will help you make money even as you hunt for better money making investments in the Singapore financial markets and around the world.

by Singapore Savings Account Rates