How to build a nest egg

Expand the description and the text of the procedure for this How-To video. Howcast Check out more videos for do-it-yourself and more videos in the General category bencheek Personal Finance. It can also help! Build your own DIY guide on www.howcast.com or produce your own spot with the Howcast Filmmakers Program at Howcast www.howcast.com you know, save for a rainy day, but how? Here are some simple and low risk is to begin. For this how-to, you must:Priority sacrifice savings investment account secure a retirement account less income tax deemed Step 1: Decide what priority means of a nest egg for you. A cushion in case you get fired? The money for an advance of a home? Determine your target and what is necessary to achieve it. Tip: If you are between funding an account for retirement or your child's college education, many financial advisors recommend picking the first choice. The child can apply for grants and loans for students, butcan not rely on Social Security there when you are ready to collect. Step 2: Cut the fat you take a month or two to write down everything they spend, without changing your habits. Take a close look at what your money on, and understand what can be cut, or at least resize. Step 3: Open a savings account with the money you save, open a savings account with high interest. Sign up for automatic transfer of control of savings. Even $ 10 a week adds. Step 4: Put Contingency Fundmore ...