Page 33 - Work At Home Moms Part 2

OTHER SAVINGS

Retirement won’t be or shouldn’t be the only savings you consider as you
launch a new at-home venture. You’re probably also going to want a rainy
day fund established. This can be used to cover your business in periods
of slow times. You might also want it for general savings for vacations,
home improvements and emergencies.

Options to make your money work better in regard to general savings
include:

 Money Market Accounts
This type of savings vehicle won’t earn you a small fortune, but it
can ensure that your saved money does earn something. Most
banking institutions offer these and they do offer interest so you
can let your money work for you.

 Short Term Bonds
U.S. Savings Bonds and other short-term ventures can provide a
nice way to earn a little extra off your savings.

 Easy To Liquidate Investments
Some investments like gold, collectors coins or stamps can also
work well for rainy day savings. These can also provide a sound
way to earn some money without taking a big risk in the process.
It’s not wise to use these as the only form of savings, but they can
factor in to an overall plan.

Replacing benefits is not as difficult as it might sound. There are vehicles
available to most work at home moms to make covering the bases
possible.

- 33 -