Kaizen progress update as of October 4th, 2011
My goal when I started the Kaizen technique was to begin by putting 40% of my paycheck into my savings account. So far I have gotten two paychecks and managed to replace the money I spent and then some. After thinking things through, I realized how low the interest rate is on my savings account. I have decided that instead of adding 40% of my paycheck into my savings, I am going to invest it into my mutual funds in increments of $500.00. Obviously it will take some time to get $500.00, but if I stay true to my budget then I will be able to make the most of my money and increase my savings. With the economy so low, there’s only one direction the market can go, and that’s up. Hopefully by the time I am ready to open my own business, the money I have invested will have grown.
Every week I will keep track of my money and try to stay below my budget and instead of investing 40% into the savings account, I will invest the money that I haven’t included in my budget. By tracking my budget every week I think I’ll be able to fine-tune it so I know exactly how much I’ll need.
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