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Is it possible that in the distant future, President George W. Bush, the 43rd president, might be viewed as one of the greatest American Presidents?

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Save money by not spending it

Comment comment by Brandon on 09 January 2008

The easiest way to save money is to ... well, not spend it. Live within your means so you have a large amount of income leftover to invest in this order:

  1. Find a high-yield savings account you like and build up an emergency fund of three months salary.
  2. Contribute enough to your company's 401k to ensure you receive all available company contributions.
  3. Open a Roth IRA and max it out yearly. (Also be sure to invest it in a fund that is aligned with your expected retirement date.)
  4. Max out your company's 401k. (This should also be invested according to your retirement timeline).
  5. Pay extra on your mortgage / car / student loan / etc. (Interest is your enemy!)

Two tips to help you live within your means are to create a budget and postpone expenses as long as possible.

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