Money Management Week: Day 4

#4 Save

Save money for a rainy day. Save for a speeding ticket. Save for those emergencies, getaways, things that are unexpected. I'm all about planning ahead...but sometimes you need a little extra cash in the bank for that spontaneous part of life. Trust me on the value of saving. Your car might break down, or you really might need a "getaway weekend" with your spouse. Either way, you'll be darn pleased you've got a couple extra hundred in the bank. If I'm being really good, I will put any extra money left over from our budget into savings. Save, save, save. Even if it's just $20. You'll be glad that you did.

One thing that always confused me is that we're told to save, but at the same time we're told to invest. I never knew what the magic amount in the bank account was that made it alright to invest. Dave Ramsey has a great, clearly outlined 7-step approach to this dilemma. It's completely changed my approach to saving! Have you entered the giveaway for his new book: The Money Answer Book? Check it out here!
Lindsay graduated from Brigham Young University with her Bachelor’s in English. She has lived in Colorado for a little over a year. Her husband loves her because she makes him laugh. Her daughter loves her because she makes the best food in the world. :) Lindsay loves her book club, quilting, her family, and going places-the library, the zoo, hiking, sporting events. She loves to GO!

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