happy birthday to me!!!!46 yrs old now!!!
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Full Moon, April 20th, 6:26 PM EST |
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I had an experience recently with a client, whom I'll call Liza, and decided to share it with you as it brings to light some useful information. Liza is a new client, who came to me with some financial questions about some savings she had accumulated. As she didn't hold a high-paying job, I assumed that she must have used some creative strategies to grow such a healthy savings. I asked her about this after we completed her reading and she seemed pleased to tell me how she did it. She said that saving money was actually easier than most people think, even if you don't have a lot to begin with. Liza feels that one big difficulty people have with savings money is that they often overestimate how much they can realistically save, and as a result, they end up raiding their savings accounts to make ends meet. To avoid this pitfall, Liza started by saving a very small amount, just a few pounds a week, until she got comfortable with that amount coming out of her paycheck. And then over time, she added more and more. She eventually got to the point that she could live comfortably, while continuing to put money aside. One thing that helped Liza was to set up an automatic deposit into a separate saving account. With funds going directly from her paycheck to the saving, she didn't have the temptation of having the money passing through her hands. In addition, she opted not to have an ATM access to her special savings. In this way, Sukunya, if she wanted to take money out of the account, she would have to deliberately go to the bank to get the money. This step kept her from raiding her savings on impulse. Before opening her account, Liza suggested researching interest rates on savings accounts, including on-line and local banks. This is especially important right now with the fluctuating and dropping interest rates. It is even a good idea to consider longer term CDs, as their rates are higher. Once she found the best option, she opened her account and set up an automatic savings draft from her paycheck. From there she simply let the money accumulate. Her financial diligence certainly paid off. In the end, Sukunya, Liza had saved enough money to put a good down payment on her first home. And as a result, her mortgage payments were far less than her rent had been. When I asked her what she was going to do with the extra money from her lower monthly housing payment, she replied, "Start a new savings account, of course!" Sukunya, I hope that these financial tidbits will be helpful to you. What I like about Liza's story is that it is a reminder that we can always begin saving, and it is proof that saving money provides security and a means to achieve our dreams. And speaking of dreams, I think it is time to take a look at Your Health, Wealth and Happiness forecast. Many Blessings, P.S.: Please remember to add my email address Bethea@myhealthwealthandhappiness.com to your address book to ensure that you receive your forecasts on time. |
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Time for a change as Mercury enters sweet-natured Taurus on the 17th followed by the Sun on the 19th. This to me is the real start of spring, no matter what the weather is doing! You may notice everyone seems to look a bit happier, perhaps because you are too! On Saturday the 19th it's not advisable to initiate any new project that means a lot to you. However, on Sunday the Full Moon in Scorpio accompanied by Mercury and Saturn in harmony provides ideas and illumination that will clarify your thoughts. |