Pay Yourself First With Savings Bonds

Financial experts from across the spectrum agree on the importance of paying yourself first and putting away money for the future. The pay yourself first concept has been around for ages, but it can be notoriously difficult to put into practice. After all, we have been trained to pay our bills and then invest with what is left over. The pay yourself first concept turns this notion on its head by forcing workers to set aside a portion of their weekly or monthly pay and pay the bills with what is left.

While this concept takes some getting used to, and it can be difficult to ramp savings up to a high level, the key is to get started as soon as possible. The power of time is a significant factor when it comes to saving and investing – even a small amount of money invested faithfully over time can grow to a significant nest egg over time.

One of the best ways to get started with the pay yourself first strategy is to start buying U.S. savings bonds. These savings instruments have a number of important advantages, including rock solid stability, a competitive interest rate and top notch security.

Another important advantage of U.S. savings bonds is that they can be purchased in increments as low as $50. This makes them the perfect savings vehicle for new investors. Those new to the whole pay yourself first concept will likely find that a monthly $50 savings bond purchase is well within their budget. After all that $50 a month figure works out to less than $2 a day, less expensive than a cup of gourmet coffee. And unlike that morning cup of java, those savings bonds will still be there decades down the road, earning interest and forming the basis of a well funded nest egg.

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	Pay Yourself First With Savings Bonds By: beconrad - Posted: 2/27/2009

	Financial experts from across the spectrum agree on the importance of paying yourself first and putting away money for the future. The pay yourself first concept has been around for ages, but it can be notoriously difficult to put into practice. After all, we have been trained to pay our bills and then invest with what is left over. The pay yourself first concept turns this notion on its head by forcing workers to set aside a portion of their weekly or monthly pay and pay the bills with what is left. While this concept takes some getting used to, and it can be difficult to ramp savings up to a high level, the key is to get started as soon as possible. The power of time is a significant factor when it comes to saving and investing – even a small amount of money invested faithfully over time can grow to a significant nest egg over time. One of the best ways to get started with the pay yourself first strategy is to start buying U.S. savings bonds. These savings instruments have a number of important advantages, including rock solid stability, a competitive interest rate and top notch security. Another important advantage of U.S. savings bonds is that they can be purchased in increments as low as $50. This makes them the perfect savings vehicle for new investors. Those new to the whole pay yourself first concept will likely find that a monthly $50 savings bond purchase is well within their budget. After all that $50 a month figure works out to less than $2 a day, less expensive than a cup of gourmet coffee. And unlike that morning cup of java, those savings bonds will still be there decades down the road, earning interest and forming the basis of a well funded nest egg. Other Articles Understanding Convertible Bonds Convertible bonds are a great way to receive a good rate of interest with the possibility of growth. Find out more about these hybred investments. Understanding the Fundamentals of Common Stocks Getting started in buying common stocks for growth can be a scary thought in today´s wacky markets. However, knowing the basics of stocks can be a real boost for the conservative investor. How to Invest Profitably in Gold Gold has been hitting record highs recently so investors have been grabbing gold bars and coins for profit. Is there a better way to buy gold? If so, what is it? Find out here








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Pay Yourself First With Savings BondsBy: beconrad - Posted: 2/27/2009

Pay Yourself First With Savings Bonds
By: beconrad - Posted: 2/27/2009