Money saving: A guide to save more money now

While it's true that your money will grow as you invest it, that doesn't mean you should stop there. The benefits of saving are numerous! Here are some of the reasons why it pays to get into the habit.

It will help build your horizon.

If your mission is to enjoy a comfortable retirement, then you need to start thinking about the big picture now. That means not only saving for your retirement, but having goals that will help you buy a home or support your family right now. Saving gives you the financial freedom to make those big life decisions that you're dreaming of.

You can direct where it goes.

While investing is great, sometimes it's better to let your money grow in a place where it has the best chance of growing - like an investment account instead of an inheritance fund. With a savings account, you're given more options about how your money is used, and that can make it a great way to build up a little bit of cash in the long run.

This book contains the following topics:

• The Benefits of Money-Saving
• Start Now and Start Small
• Establish a Savings Philosophy
• Save Money Through Better Spending Habits
• The Power of Debt Reduction
• Save Money on Rent and Home Expenses
• Save Money on Transportation
• Save Money Through Education
• Save Money on Clothing and Groceries
• Cashbacks and Expense Saver Cards

It helps you build up good habits.

If it's easy for you to save, then it's likely that you will always have money available when you need it. Your savings account is there when an emergency happens, or when your kids need new clothes or shoes for school - and that makes saving a habit that's easy to keep. If saving becomes a habit, then the financial problems of today will be easier to manage in the future.

It can help you get a mortgage.

Don't let the big banks discourage you from using your savings fund as a way to help you get a mortgage. If you have enough money in your account to show that you can afford the house, then there's no reason why it shouldn't count toward your down payment. The more money that goes toward your home, the more comfortable your future will be!

It could help reduce taxes in retirement.

When it comes time for retirement, how much tax you pay is hugely important - and having a savings account can make all the difference in how much of your hard-earned cash goes back into government coffers. If you build up a nice nest egg, then you'll have a lot less to pay when your retirement comes.