fbpx

3 Savings Strategies for Entrepreneurs

3 Savings Strategies for Entrepreneurs

Here's how to save big for your big idea. March 13, 2019 1 min read Figure out where your money is going dollar-by-dollar, then gauge where you can

3 Ways to Diversify Your Network
3 Customer-Service Tips That Will Ensure Repeat Business (60-Second Video)
3 Mistakes to Avoid When Deciding Your Company’s Name

Here’s how to save big for your big idea.

March 13, 2019 1 min read

  • Figure out where your money is going dollar-by-dollar, then gauge where you can reign in spending. You can go with the pen-and-paper approach or try apps like Expense or Clarity Money. 

  • Separate and automate your savings. Consider creating a dedicated savings account for your small business — and de-linking it from other accounts so you’re not tempted to dip in. You can also schedule auto-transfers to your savings account for any regular length of time. 

  • Consider where you’re storing your stash. Savings accounts at many large financial institutions offer just 0.01 percent interest, while high-interest savings accounts — often FDIC-insured and available online — can offer up to 2 percent. DepositAccounts.com has a search tool to compare account interest rates. 

For more tips, check out Entrepreneur‘s article on how to build up savings to launch a small business. 

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS: 0
%d bloggers like this: