5 Secrets of Successful Savers

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Even though my current pay rate is much less than what I was expecting, I automatically transfer 10% of my net pay into my savings account. It's astounding that doing that little gave me the safety net for when my car needed new tires and new front brakes after it failed the safety inspection. Last time around when my car needed a massive amount of repairs I had to charge it to my credit card (which I'm still working to pay off), this time around I could pay for it all in cash!

veronica of NH 1:54PM January 12, 2011

I think the most important part is the automated contributions. Nothing works better than taking the decision to save out of your own hands for the most part. Also, I can't help to love seeing those rising balances!

Jane Sanders of CA 12:42PM January 12, 2011

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Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

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