Monday, May 12, 2008

Streams of Savings

With tough economic times on us, we often look to establish or build financial streams of income to our accounts. I recommend that you also start setting up streams for savings. You can open another checking account. You don't need any ATM cards just a few emergency checks for that rainy day.

If you have a Paypal account, work to build it up and keep a steady flow of some dollars in it.

Use your savings account to build for an emergency or a vacation or extra fuel expenses. You can make these accounts as large as you possibly can build them. If you can find a good interest investing account, set up a fund to start making some cash on the side through your savings. However, as bad as it is now, you won't make a lot.

Still Streams for Savings can be vital if major economic surprises come along, which they will.

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