Tuesday, March 2, 2010

Get Your Money, after all its yours..

I Have heard many times by various of people if 10 years ago if I have saved five dollars a day I would now have nearly $25,000 with interest and all. Nobody really thinks about that kind of stuff until the day comes where thousands of extra dollars would really help, especially in this new era of recession.
Take a minute to think about how much money you make a year, a month, most importantly a day. Would you really miss a dollar, five, ten or even twenty dollars a day if you had it to spare? If you did put any amount away each day or on some basis, weekly or monthly, you really wouldn't know that you had it if your not missing it. In years to come as that money builds you will see if was well worth doing it!

Here are some examples:

Put $10 away each day for 10 years
365 x 10 years = 3650
3650 is what you would have for putting $1 away for 10 years, but by putting $10 each day for 10 years would be

3650 x 10 = $36,500 and if you add interest in the mix, if storing the cash in a bank by making bi-weekly or monthly deposits, you would have nearly $45,000 of course pending where you keep your money as all banking institutions have various accounts with different interest rates.

After all its yours, keep it for later use