Archive for May 20th, 2008

20
May

Save $400 to become a Millionaire

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Tuesday is money/politics day on invisible blog.

by Jason Proe

According to Yahoo Finance, if you can manage to save about $450/month for 35 years you can accumulate one million dollars (assuming you earn about 8% interest). How do you save $450? The article includes great tips on how to do that, for example:

Save $100 Per Month on Food

Here’s How: Bring your lunch and snacks to work. Considering that the average meal at McDonald’s costs $5 and Dunkin’ Donuts charges $2 for a large cup of coffee, the brown-bag windfall can be substantial.

If you have other tips on how to save money, especially with $4 gas on the horizon, let us know in the comments!

[sources: LifeHacker, Yahoo Finance]