Sunday, August 29, 2010

Saving Money Comes To People As An Afterthought

So you enjoy a savings account. Oh, really? A lot of people have saving accounts but find it hard to deposit into it. This is a very common problem and you may be experiencing it. When your paycheck arrives, it is usually deposited automatically to your checking account to pay the never ending stream of bills and expenses.

But before you go rushing to your bank to close your savings account, consider first putting it to good use. Here’s how to save more money using your savings account. The scheme is you talk to your employer and ask if they can deposit a part of your paycheck to your savings account as well. And that’s it.

It doesn’t really matter how much is deposited, just keep this scheme going to ensure that your money is saved before it’s spent. It’s that simple but why is it very effective?

When you receive your income, you will most probably do some budgeting and allocate the money to bills, rent or mortgage, groceries and other necessities and expenses. Left over money, if there is, is what usually end up as savings.

The problem is, for most of the times, nothing is left to be added to your savings. There is almost never any money left. If there is, left over money still has to survive your temptations of spending them. If you have excess money and it’s easily accessible, your tendency is use it to buy the first beautiful dress you see, or the latest electronic upgrade for your computer and other fancy materials that may catch your attention.

Automatic and regular deposits of your income to your savings account mean you don’t have to think about it and you don’t have to rely on what’s left. The money is already saved before you have to think about expenses and before you can spend it on other things.

You don’t get to hold the money and be tempted to spend it for comfort goods. Automatic savings is very easy to do, thanks to modern day technology and automated systems. Although some employers don’t allow this splitting, most banks can make a direct link between your savings and checking accounts.

Instruct your bank to establish an automated transfer between the two accounts on a regular basis. Say your paycheck arrives every Monday, you can set an automatic transfer for a fixed amount of money to coincide with this day. How much you save matters only if you are planning on a goal.

But if you are saving just for keeps, even $20 every payday is so much better than nothing. However, it is highly suggested that you allot at least 5% of your total income to go to your savings. What matters, as has been repeated, is that you keep this going for as long you can, for as long as possible.

Couple your savings with the bank’s interest rate and you are definitely going to have a wealthy sum you can use for the future or whenever needed.

You can use all these strategies to save money, reduce debt and improve your life but it means nothing unless you have a foolproof method automatically set up to do it for you. Get my FREE money saving secrets set on auto pilot at:

Friday, August 27, 2010

Finally Google Gets a Film Treatment from Groundswell Productions

Earlier this year, it was the founders of Facebook who had a game changing geek poised by telling their story on a movie screen. This time its Michael London's "Groundswell Productions" who recently teamed with Producer John Morris and acquired the movie rights of the book called "Googled: The End of the World as we Know it" by Ken Auletta.

As per the sources in their production house, they will be using the book as the blueprint for their feature film that will basically tell a story of Sergey Brin and Larry Page, the founders ofGoogle Inc. It is their credibility and the fast rise of their web business that made them billionaires.

The book was published by Penguin Publishers. Ken Auletta is also a media columnist with the New York Times. As per the book the income worth of $20 Billion only came from the Ads that were published in the search engine driven octopus. The CEO of Google Inc. already predicted to Ken Auletta that Google will be the only company that will become world's first $100 Billion media company.

The story of the Facebook founder has been already told in the upcoming movie "The Social Network" which is directed by David Fincher. The movie revolves around a group of friends who basically squabbed in success.

Google was founded by the duo when they were students in Stanford completing their Ph. D. They wanted to establish a better search engine. They started Google with their own principles. They believed, "You can make money without doing evil and You can be serious without a suit."

In a press media, London said that, the movie will only focus on how they tried to built Google with their idealism as they turned Google into global phenomenon. The only challenge for London and his team is to find a grip on the success story that will be made for compelling screen drama.

Maria Sharapova Rules as the Top Paid Women in Sports

The world's best tennis players will compete against each other for the final Grand Slam title of the year with US open kicking off at the end of the August. The real action lies off the court when these super sports person signs and become the brand ambassadors for lucrative endorsement deals like apparel, shoes and racket companies.

No doubt Serena Williams is the No. 1 ranked player but she can never match the earning power of Maria Sharapova off the court. All the credit goes to the blue chip companies like Nike, Ericsson, Sony, Tiffany etc who signed Sharapova as their Brand Ambassadors.

As per the sources, Maria pulled in approx $24.5 million over the past year which made her the highest paid female athlete in the world. She earned almost $1 million from the prize money and the rest was derived from appearance fees and lucrative endorsements.

Sharapova's major breakthrough came when she won her first grand slam title back in the year 2004 at Wimbledon. As a result of her success and beautiful looks she signed some major deals with Canon, Palmolive, Colgate and Motorola. Not only this, at the beginning of that year she also signed a eight year contract with Nike which is worth of $70 million.

Thursday, August 5, 2010

How Overspending Can Be Tamed

Saving money is not an easy task, but if you realize that it is the easiest and safest way to prepare money for future use, you begin to consider saving as an essential part of your daily budgeting.

The ultimate goal of effective saving is to spend less than you earn. If you tend to spend above your means, it is the start of you falling into debts. Thus, the secret to saving effectively is to spend wisely and therefore, the best way to save money is to stop overspending.

To do this, you need to examine the roots of overspending. A great percentage of people are victimized by credit cards. You may not be an exception. Take a quick look in your mailbox and you’ll quickly realize why your money seems to fly so fast.

You are flooded with credit card bills, auto loans, mortgages and other bills on a daily basis. Credit companies may promise you easy money, but the problem starts when you begin to accumulate credits you can’t pay for.

If you make a purchase and realize at the end of the month that you can’t repay in full, you are now trapped on the slippery slope of debt. You may promise yourself that you’ll have enough the next month but this promise is rarely kept.

At this point, high interest rates of credit cards can really hurt you and you may end up paying for more than your original purchase. Credits are truly monsters to your saving dream, so start using cash.

This way, you can feel that you are really spending your money. Credit and debit cards are easily swiped and funds are automatically whisked from your accounts. Without the physical act of handing down money to another person’s hand, you may feel you aren’t spending money at all.

This is the main reason why most people seem to overspend on their credit cards. Use cash whenever possible so you can more easily tell when you are going overboard. Aside from credits, your comfort zones may also be snatching your money.

Everyone sure loves having a good time with friends and family, but ensure that these parties are within your financial limits. From time to time, everyone needs to unwind. As they say, we must enjoy life. However, it is also necessary that we know when to decline.

Don’t squander your money today for guilty pleasures if it is not within your budget. Think of cheaper alternatives, or have the party some other time. Shoes, dresses, video games, and even books are also comfort zones that eat up your savings.

Actually, there’s really nothing wrong with these things as long as you don’t go overboard. This is the time when you can keep some amount from your budget and use it for these. You’ll enjoy your purchase and enjoy it even more when you know you won’t spend the next years paying it off at 15% interest.

Saving may be requiring you to sacrifice a lot of your comforts. But in this world where economies are going down, it is no longer an option but a must for every person to save money.

You can use all these strategies to save money, reduce debt and improve your life but it means nothing unless you have a foolproof method automatically set up to do it for you. Get my FREE money saving secrets set on auto pilot at:

About the Author

Dan Cavalli has written hundreds of articles on business subjects. He is an entrepreneur, expert on small-business success, retail troubleshooter, and business strategist. *Australia’s newspaper “The Financial Review” called him one of Australia’s “Internet’s Untold Millionaires” and “Telecommunication Tycoons”. An Author of the International selling book: ‘Blueprint for Making Millions’