The Secret for Building a Cash Surplus is consistency. If you had saved 10% of your income since you started working, how much money would you have right now?
Having a cash surplus has several advantages. For example:
● You have the option of getting into activities you enjoy
● You can get out of activities you do not enjoy
● You have more choices of where to live
● Emergencies and potential emergencies are less stressful
● You can help the people you love with their emergencies
● You do not feel trapped by your job
● You can devote more time and money to the activities you love
Building a cash surplus for yourself may seem impossible, especially if you are struggling to meet your current needs. Obviously, eating today feels more important to you than eating tomorrow. Although you do realize that both are important. On top of that, when we earn some extra money, it is normal to want to reward yourself.
Sadly, when we manage to save some money, we’re tempted to spend it. Maybe it’s an emergency or we come across an opportunity that we don’t want to pass up. We intend to pay it back to our cash reserve, but often we never do.
Saving money takes a lot of self-discipline. However, even though it is difficult to save money each month, most people can pay their bills. Well, I have found a way to stash money for the future without thinking about it and, quite honestly, without missing it.
A few years ago, I started using a service that automatically rounds up my purchases to the next dollar. This is akin to tossing your change in a jar when you get home. If you’ve ever done that you know that it is incredible how much change is in that jar at the end of the week, month, year. The problem with the change jar is that we are using less cash these days. Oh and of course it is very tempting to reach into that jar and pull out a few bucks or even cash it all in.
The tool I’ve been using is called Acorns. They round up the purchases I make with cards I have listed with them and when the round-ups equal five dollars they invest the money into a mutual fund.
This program allows you to make weekly, monthly, or even daily payments into an investment account. These five-dollar investments may not sound like a lot, and that is part of the magic, because you never miss that money. You buy gas for $19.47, and your card is charged $20. The 53 cents goes in the investment bucket. Once that bucket reached five dollars it is invested in the mutual fund. Like I said I started this a few years ago and today my account is worth almost six thousand dollars. Most of that is my roundups, but $600 of it is market gains.
Look at Acorns
today and see if it is a fit for your needs. If you use my link, you will get $5 invested just for signing up.
This really is the easiest way I know of to build a cash surplus. Click here to sign up today.