It may seem boring to some, but I think about this blog all the time. I think about people in my family and my little boys and people I know are having a difficult time out of the financial crisis.
People who know me well know that I call this part of our lives “the hard middle.” Humans are poor at predicting the future. No one knows what is going to happen. Too many of us have made the poor decision not to save beginning when we took our first job. We have put ourselves in a position of being “behind the 8 ball” without even knowing it. That is because education in the United States does not primarily focus on saving and investing. It focuses on other fundamentals.
Most people look at what is happening around them right now and react to those things. Our entire philosophy behind this blog and our other personal finance “stuff” is to suggest that you begin to think long-term and focus on automatic and regular forced (not optional) savings as a way to build a safety-net around your family and in your personal career.
If your boss came to you and said he had to let you go, do you think you would be worried as much if you had the “secret knowledge” of having our recommended 15 to 18 months of expenses in savings vehicles (FDIC-insured money market savings accounts and certificates of deposit)?
Think about the end result you would like to have in your life. Then, build it backwards and put in the goals you need to set to reach that result.
Check out past blog entries in this blog to find tips on additional ways to build savings without destroying your lifestyle. We are all about easier ways to save (note that we are not saying easy).
You can make a bigger difference in the lives of your family members (now and in the future) by building your own strategic plan to build savings regularly and adopt new tricks to push more money from your checking account into savings vehicles.
Do it. Just do it. Do. That’s right. Today is the day you can begin to save if you haven’t already. Or you can find additional ways to save MORE MONEY by hanging out with us and other savers and investors. You can do it.
SAVE MORE THAN MONEY
In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.
You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.
If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.
Thank you for reading our blog and good luck!