The mother's of most women instill in their daughters at an early age to save money for those “rainy-days”they are now!.A recent national survey from salary.com said that income is budgeted to increase only 3.8 percent this year.Here is a simple plan for women to use to offset “rising cost for basic necessities”from the economic-clouds over us in these times!.
Let's say you are a Thirty five year old woman, if you invest and set aside $25 a week. It would yield $248,504.00 by age Sixty five,assuming 8 percent annual growth.A key step of this plan would be to check your tax witholdings.You probally get a large return annually and “over-withold”most of it.If so,you are giving“Uncle Sam”extra money…yours!.Why not put that money in the bank,let it collect interest!.Do this by reducing your income withholdings.Make it an amount you can live with.You can set it up through your human resources department at your job.
Lastly spend “smarter”look for bargains,low cost but quality clothing.Free entertainment like concerts at local parks or street festivals.This plan gives women two thing's 1.a nice nest egg,2.you will have “peace of mind” knowing if you are single or have a family that no matter how “challenging”times maybe that you will be alright”.
