bonus
1. Divvy up any unexpected income
When you have a windfall — a bonus, gift, or extra cash for extra work — use the rule of thirds to determine how to use it:
• One third for the past. Use one third to pay down debt you owe.
• One third for the future. Put a second third immediately into some sort of savings or investment.
• One third for the present. Use the final third to make a home or personal improvement or purchase you want.
If you follow this rule, you'll see your debt shrink and your savings grow, and you won't feel deprived.

Photo: iStockphoto/Thinkstock
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1 Comments

Justin Japing Ogon on 23 February 2012 ,08:44
6 New Year’s Resolutions for Saving Money is a valuable info to most people. For me, it will serve as a serious reminder. Thanks

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