Savings Tips

Subject: 7 Easy Tips...

Did you know that the Personal Savings Rate in 2009 is at the highest point of the decade?

Clearly, people are more aware of being ready for "a rainy day" than ever. Here are seven easy ways to grow your savings:

1) Establish an emergency savings account. A good rule of thumb is to set aside money equal to two or more month's worth of expenses.

2) Save money for your long-term goals.

3) Make savings automatic.

4) Start small, if necessary. Something IS better than nothing.

5) Comparison shop for the best rate.

6) Turn a payment into savings. If you've recently paid off a credit card or loan, add that payment to a monthly savings account.

7) Save your windfall! Don't spend money you weren't planning (or expecting) on having.