Track Your Expenses: To save money

canada goose 4 Money Laws for New College Grads Scott Gamm , May 15, 2012, 9:00 AM Graduating college this week? After you hang up your cap and gown, it’s time to take a five minute money break and get your finances into shape. After all, you’re no longer a student and are now in the “real world.” Here’s what you need to know! 1. Automate Your Savings: 10% of your monthly income should be automatically transferred from your checking account and into a savings account – every month. This can be setup online and saving automatically forces you to make do with less, while still building up your savings at the same time. 2. Use Credit Cards for Small Purchases: Under $300 per month, that is. If you charge up more than $300, you may not have enough cash on hand to pay off the balance in full each month. Leaving a balance on a credit card will cause interest to accrue (and that gets expensive) and it’ll hurt your credit score. 3. Track Your Expenses: To save money canada goose clearance , you need to know how much you spend each month. Download the iXpenseIt iPhone app (it’s $4.99 but totally worth it) – the app lets you take a picture of the receipt after making a purchase in a store and the app stores that data, allowing you to easily track your spending. Also, use’s free Expense Calculator. 4. Retirement: Why should you care about retirement, which is 30-45 years away? But even just investing $50-$100 per month in a Roth IRA can put you on track to becoming a millionaire by the time you retire, thanks to compounding interest. Follow on Facebook and Twitter.Read more posts on Help Save My Dollars » Read the original article on Copyright 2018. canada goose parka