Business and Financial Needs

Posts Tagged ‘Save Money’

One of the psychological principles can be applied to money is simple, “If you cut too much of a discharge in something else will come out” when we limit ourselves in something we tend to find other things to take away the pressure or the feeling of deprivation.

How to avoid this? We must diversify the spending cuts in the same way that diversifying investment is recommended for greater economic security, we must diversify the spending cuts to make sure that we will not stop saving.

A simple way that I just found a personal finance book is:

Save 10 per month in 10 different things every month. Read the rest of this entry »

Young people are positive about their financial future, according to research from ING. In addition, it appears that young people regularly borrow money from their parents or together. 4 percent of those questioned have never loaned money, and slightly less than half the respondents in recent months lent money to another person.

The investigation also shows that young people aged 12 to 17 years to save money, this was a savings account or an old fashioned piggy bank. When people borrow money, they borrow 59 percent of the cases of friends. The amount borrowed is used for products like soft drinks and candy personal care. Young people borrow much less with their parents, about 10 percent, often, money spent on higher spending.

Borrowing money caused by young people no problem. 85 percent of respondents have no problem here if the amount is repaid. Moreover it is remarkable that they have no problem with lending money only 66 percent report that they do not like to do. Half of the respondents is even less happy when they borrowed money to buy something.