What Is 1% Worth To You?

You should be saving 12 – 15% of your after tax income. That’s not per year. That’s per paycheck. Of course, the younger you begin doing this, the better off you are in the long run.

How do you get to this magical 12 – 15% if you are saving basically nothing from your paycheck because you don’t believe you make enough to save or you feel that you have too many bills or you have things that come up (emergencies)?

We all hear the high and mighty talk about “paying yourself first.” It is a lot easier to say than do, right?

Depend on yourself to make a change in the way you handle money beginning with your very next paycheck.

Start with our “1% Savings Plan.” Yes, you can even do this during the holidays and the holiday shopping season. Go ahead. Give it a try.

1. Take your very next paycheck. Look at the after tax amount. Take that amount and multiply it using a calculator by .01. Take the amount of your answer and move it from your checking account to a savings account (an FDIC-insured money market savings account).

2. Then pay your bills and live your life as you normally would.

3. When you get paid the next time after that first paycheck, multiply that after tax amount by .02 and take the result of this calculation and move it to savings BEFORE you pay any bill. Then, go on living your life as normal.

4. Each paycheck should result in moving the percentage saved up .01 until you have reached .15.

This allows you to move regular savings into your life without killing your lifestyle.

You can do this!


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!

Loyd Ford


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