College is one of the most important phases of everyone’s life as it provides experiences that are most valuable at a later stage. It is important to start being careful about money at this stage as there are greater chances to yield to temptation when you are a freshmen. Having finished four years of Engineering, i am reflecting upon the mistakes i had done and wonder how not making them could have enriched my life. But no regrets!!! Sometimes people have to make mistakes to learn the most important lessons in life.

As i was recounting my experiences in college, i thought why not make a post for freshmen on how to save money while on campus. This especially would be useful for students who stay away from home.

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I have seen many people confusing frugality with being cheap or stingy. For all such people i define frugality as an efficient way to save your hard earned money and save as much as possible.Frugality is also buying value for hard earned money.

Frugality is not just cutting the cost wherever possible. Sometimes it is also about paying more. Confused? Let me explain. All of us are familiar with the popularity that the bargain outlets are gaining. But how many of us can honestly say that these products are of premium quality?

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Every one of us has studied the Compound Interest as one of the annoying chapters in our fifth grade. How many of us remember its usage and application? You know at times I think Technology has spoiled us, as most of us have put behind manual calculations completely. Thinking back and trying to recollect those applications, I had a chance to discover that Compound Interest is an effective and compelling application in the domain of funds and capitals.

Instead of explaining theories in Compound Interest, let us consider an example:

Two people named Edward and Emmett are planning to put aside some money for the future.

Edward saves a hundred dollars per month into a miraculous venture with an interest of 6% per year. At the end of forty years, he accumulates a lump amount of $199,149.

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Are you a beginner in the field of investment and money management? Want to know the basics and improve your knowledge in the field of finance?Then there are few things i recommend.

1

Use the internet wisely. There are various websites that offer abundant information about basics of stocks, bonds, insurance, tax and anything you wnat to know. Make use of it. Reading any of these regularly for atleast 10 minutes a day can increase your knowledge gradually.

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This is the second part of tips to successful yard sales where i want to focus on advertising tips.

Tip 1:

Rope in your friends and family and ask them to inform their friends and families in return.

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So you think its absolutely unnecessary to track the money that you spend since you know where every penny goes. Well your argument sounds pretty reasonable, but why don’t you try putting evrything in record, for a month? Just for one month.

You will be able to clearly see how much you would be able to save on items that you really don’t need. This money multiplied into 60 can give you how much interest you can earn over the period of five years.

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Is It possible to sell a property in such a short span of time? Well It is, Use the Ebay technique. If it can work for books, tickets, cameras and clothes, it surely can work for your house.

Start by displaying ads on local news papers, internet and sign boards for an open day.

Conduct 2 open days and ask the visitors to bid their amount in a piece of paper.

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The energy saving consciousness is gripping everyone these days . Not only can it save money but it will also let all of us contribute a little towards the war against global warming.

I am now going to tell you, how you can save thousands of dollars a year by reducing your electricity bill and also contribute towards the ‘Go Green’ movement.

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A Financial Planner is someone who is gonna put your hard earned money into effective use. Hence it is important that you select someone ideal. After all you do not want to make a mistake when it comes to years of saved money.Here are few questions that you should never forget to ask while you are interviewing a financial planner.

The Ideal Client Question:

Ask your financial planner to describe his/her ideal client. See if the area of hi expertise matches with your requirements. Else the purpose of hiring an advisor would be lost.

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There isn’t anyone who would go away from the word ‘Rich’. However not everyone is able to embrace richness, this is because the rich are disciplined about money and follow some rules to make that money stay and multiply.

Here are 4 Tips you could practice to become rich:

Love the process more than the result:

If you keep on thinking abot becoming rich without enjoying the efforts taken, it could be a difficult journey ahead. Hence although the amount you save each month might be less, be happy that you are doing your job.

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