Saving Money vs. Proper Business Investment

Summary: If you have a little bit of extra money to play with and want to start saving for the future, you have two main choices.

If you have a little bit of extra money to play with and want to start saving for the future, you have two main choices, save it, or try and use it to make a little more money. While both options can lead to financial security, there are positives and negatives to each option. The following are some of the pros and cons of saving your money versus proper business investment.

PRO’S

Saving Money

Putting your money aside in savings has always been a good idea, whether you are putting it in the bank or in a box under your bed. If you can get a good rate of interest, having your money in a savings account can make you a bit of extra money if you leave it untouched and earning interest. Having your money in a box under your bed won’t be earning you interest, though you will always have access to your savings, and have the peace of mind of knowing that no crash in the financial markets will be able to wipe out your hard earned money.

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Five Tips for Saving Money for Single Moms

In today’s battered economy, it is hard enough for a two earner household to manage, and so the single mom is really challenged to run a family on one income.  It may take a bit of work and a lot of imagination, but there are some things single moms can do to save money for the family.

Shop with double coupons
Using coupons can really add up to a lot of savings, and now, with the power of the internet, you even get to pick and choose the products you want to receive coupons on. For example, just type diapercoupons in the address bar, and you will be amazed at how many sites offer you coupons on diapers.  Next step, find the stores in your local area that offer double coupons, and you are on you way to saving big!

Make or package your own snacks
One of the most expensive grocery items for families is snacks for the kids.  Whether you pack their lunch, or just want to have something available for them when they get home from school, just calculate the cost per ounce of the small snack packages, and you will never buy them again.  Instead, buy big bags at a warehouse store and repackage into small sandwich bags.  Great snacks such as Chex party mix can be made at home and used during the week, and to save money and have fun, have your kids help you make cookies on the weekends, put them in sandwich bags and they are ready for school lunch boxes.

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