Savings and Finances
By Courtom
@Courtom (287)
Canada
January 30, 2009 11:26am CST
How do you save money? Do you invest? Do you have a savings account? GIC's? Saving bonds, stocks? Do you budget? What advice would you give for young people with no clue how to invest or start savings. How important is it to start your RRSP's, and how young?
2 responses
@become (89)
• United States
30 Jan 09
What advice will I give a person about money. Well what I do is teach them about having a plan for their money, meaning for every dollar they earn, whether it be a $1.00 or a $100. They should always have a place or a "fund" the money goes. If they allocated all their money to the categories they want to buy. they will always have the money to buy the things they want.
@user_786 (1338)
•
30 Jan 09
In the days of recession, the best practive to save money is by cutting back on luxury items, unneccessary shopping, travel, etc. Moreover recycling more will also help. Using less electricity, gas ,etc is one of the main usages i will save money on by consuming less.
I have stocks but ofcourse there worth nothing as the markets in the world are just going down everyday.
The clue for young people intending to invent is to hold back now until the recessions starts to end. Always research on the company, thing you are going to invest with.
