← 4/11: 11 Ways to Get Your Money Right for the New Year

money management

By Elayne Fluker | Published January 9, 2011 | Full size is 1000 × 750 pixels

8) Outpace inflation: When it comes to savings and investing, White says it’s best to start by saving at least 20% of what you make and then investing a portion of that. If 20% is steep, start with at least 10%. The important thing is that the rate of return on your investment outpace inflation. “Your investments should outpace inflation and taxes. If inflation is 3% and you’re only making 2% on your CD or savings account, then you’re losing 1% every year.”

8) Outpace inflation: When it comes to savings and investing, White says it’s best to…