Savings for Peace of Mind…

For our own peace of mind in today’s uncertain economic times, it is important to do what we can to prepare for life’s unforeseen circumstances. Did you realize the Personal Saving Rate in 2009 is at its highest point this decade? Americans are putting more money into their savings for retirement and unexpected events like unemployment and other emergencies.

7 Easy Tips For Growing Your Savings

During difficult economic times, it’s easy to neglect your savings. Regardless of the state of the economy, paying yourself is always a must. Her are seven tips for growing your savings.

1.    Establish an emergency savings account.

In the event of an emergency, having money set aside will prevent you from dipping into your retirement or long-term savings. A general rule of thumb is to set aside money equal to two or more months ‘worth of living expenses.

2.   Saving money for your long-term goals.

Saving becomes easier when you have a goal to work toward. If your employer matches a portion of your retirement contribution, you are passing up free money if you don’t take advantage.

3.   Make savings automatic.

A portion of every paycheck should go directly into your savings account. Your bank can set up an automatic transfer for you.

4.   Start small if necessary.

Even if you can’t afford to put a lot towards your savings right away, starting small will still establish a savings routine.

5.   Comparison shop for the best rates

Search for a high yield savings account can double your interest.

6.   Turn a payment into savings.

If you’ve recently paid off a credit card or loan. Add that payment amount to your monthly savings amount.

7.   Savings you windfall.

If you just received an inheritance, a tax refund or a bonus at work, you don’t have to spend it just because you have it. Money set aside now will reward you later-and with interest!

Posted by Nilesh Jethwa Wilmington and Leland NC Real Estate

In any major market, there are numerous real estate players – but precious few real estate leaders. Nilesh Jethwa has been putting his experience and knowledge to work in the Wilmington NC,Leland NC,Wrightsville Beach NC,Carolina Beach NC, and surrounding areas. From residential purchases to investment properties and relocation for transferees, it is precisely this knowledge  and experience that sets Nilesh Jethwa apart from the competition. Nilesh knows this industry and has the insight and energy to turn your real estate vision into reality. My commitment to superior customer service is clear and I always go the extra mile to provide my clients with the highest level of skill and expertise. You will benefit from my exceptional knowledge of the local Wilmington/Leland NC Real Estate Market and my focus on finding buyers the perfect property or netting sellers the best price and in the shortest amount of time. I hope to have the opportunity to help you sell or purchase your property. To contact Nilesh Jethwa click here!