Budgets, Debt Management and Financial Planning for Women

Contact Us at info@dearpiggybank.com

Dear Piggy Bank

Get Updates via Email

Enter your email address:



Blog Search

Categories

October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Tags

Previous Posts

  • Thank You for Thanksgiving Weekend!
  • What is The Least You Can Live On?
  • Back to School Checklist for the CEO of the House
  • Budgeting and Saving for Our Next Big Trip!
  • Time to Add It Up – Did We Budget Enough for Our Trip?
  • Budgeting For Our First Big Trip
  • Radical Budget Cuts? Step 2: The Plan and Stakeholder Agreement
  • Radical Budget Cuts??
  • Summer Holiday Budget
  • Summer Birthdays
  • Slow and Steady Saving

    The tortoise and the hare can teach us a lesson on this subject too! Whether you are saving for retirement, a big trip, a home or something special, slow and steady does it. Here are a few reasons why:

    • If the amount is built into your budget, it is part of the plan
    • Automatic monthly transfers = it will happen
    • Regular deposits/purchases = dollar cost averaging
    • Automatic savings = no anxiety with respect to ‘when to buy’
    • Invested wisely (see below) and it will grow
    • Add ‘windfall’ money and it will grow even faster

    Don’t forget to make sure your hard earned money is invested in an appropriate investment. Consider the following 3 things:

    1. What – The purpose for the money
    2. When – This dictates how long you can invest the money
    3. You – What is your risk tolerance?

    Write a comment








    Dear Piggy Bank Blog


    Money management tips, financial planning ideas and news from Joanna.

    Financial Planning Books


    eBooks, mini-books and other fabulous reads from Dear Piggy Bank.

    Individual and Group Coaching


    Individualized financial coaching, group coaching, seminars and Lunch & Learns with Dear Piggy Bank.