Monday, June 11, 2007

How to Save Money

This article discusses the various methods for college graduates to save there money. It suggests three primary ways to save money and spend less. First, which is the most obvious suggestion, is for graduates to cut down on their spending. By giving up a few miscellaneous habits they developed they can save up to an extra $50 per week and it will help prevent them from living so extravagantly. The second suggestion was to save 10 percent of their weekly income. By doing this, they will be getting a head start on their retirement fund. Lastly, the author suggested that graduates recruit a roommate to cut down on the living expenses.

I believe the author's first suggestion of cutting down on spending money on unnecessary items would be very beneficial for me. I noticed that when I have money I tend to spend in on items I don't necessarily need and would not want if I didn't have the money. Usually, I just spend money because I have it. Maybe when I graduate from college I will be a little bit more responsible with my money.

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