Friday, January 18, 2013

Why You Need To Keep Your Cash Safe

There are basically two reasons for keeping your cash safe. First so you have money for emergencies, and to pay bills every month. Oh, another reason is to buy food in bulk at reduced prices, so you're actually saving money. I buy goods like Oatmeal, Bread, Milk, Eggs, Canned Beans,canned fish and other food sources to save cash.

Think about it. I bought Oatmeal today in bulk and saved one dollar. I buy it once every week. I save 50 dollars over the year. When I buy those other items monthly in bulk, over the year I literally save 100's of dollars. That's better than being in a mutual fund losing my cash or getting a two percent gain.

Put your cash in the bank, save money on food and other goods, as well as creating sub accounts for expenses like gas for your car, maintenance and insurance as well. That way you know where that money is going. you won't miss that money because you know where it's going.

I'll say this again and again, keep your cash safe in the bank and you'll have peace of mind at night, and so will the wife. Don't worry about everyone else saying they make money being in mutual funds, stocks or any number of business ventures that make no money.

Mark




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