Invest Time in the Biggies First

In continuation with my opinion that saving money is the best investment that most people can make, it makes sense to spend your time saving the greatest amount of money you can with the least amount of time and effort involved. That means knowing what type of savings will have the biggest payoff. While you might assume that this would be obvious, many people spend a lot of time chasing small savings and ignoring the biggies where they can make significant reductions in their spending.

There was recent research done by One Account (a British firm on British spending habits, but they are quite similar to those of Americans), 25% of consumers are planning to cut out fast food in 2006 to save m


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5 Responses to Invest Time in the Biggies First

  1. Jose says:

    Same thing with everything else in life.
    Many people want to save money, on a savings account or some other simplistic vehicle, while wasting away the potential of the 401k or an IRA.

    Biggest, most effective methods should be used first, as you mentioned.

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  3. Loi Tran says:

    Most people save on the little stuff and blow away all their savings on the big stuff. Focusing on the big stuff is more important.

  4. Big Mike says:

    That’s why I’m going to take cabs more in 2006. The time saved will be better used blogging.

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