I was recently thinking about my maternal grandmothers financial wisdom. She had purposeful budgeting by having a collection of banks that she would regularly deposit money into for a specific goal. Whether for depositing into an account or investing in a large purchase, my grandmother was very wise in her saving techniques. Her method is very similar to the Envelop System
http://frugalliving.about.com/od/moneymanagement/ht/Envelope_System.htm
I can clearly remember one of my grandmother's most commonly used phrases: "delayed gratification".
Since we live in such an impulsive, on-demand culture, it would be worth considering ways to save and invest your hard earned resource. Any thoughts?
http://frugalliving.about.com/od/moneymanagement/ht/Envelope_System.htm
I can clearly remember one of my grandmother's most commonly used phrases: "delayed gratification".
Since we live in such an impulsive, on-demand culture, it would be worth considering ways to save and invest your hard earned resource. Any thoughts?
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