The Easy Way To Save Money

Do you have an easy way to save money?

We always say “Good things and bad things happen to everyone.” Yet, many still look at the model of having 3 to 6 months of expenses in emergency savings. If that is what you depend on as a fall back, how come it is the same number “they” recommended in 1974?

The world has changed. Shouldn’t your savings also change?

This is the new standard for emergency savings: You should have 15 to 18 months of expenses in emergency savings.

No, you can’t do that quickly, but savings will build faster than you think if you develop your own strategy for regular and automatic savings.

Think about this:

1. If you lose your job, how long might it take you to get a new job in this economy?

2. When you get a new job, will you be able to replace your income or will you become one of the millions of underemployed?

3. Are you really prepared for emergencies?

Of course , there are many other emergencies that could require you to have emergency savings, but you get the idea of why we can’t all live back in 1974.

There are easier ways to begin saving if you are not saving already.

1. Use our “1% Savings Plan” to jump-start your emergency savings (see past blog entries for details).

2.Build your emergency savings FIRST with automatic withdrawals from your paycheck (check with your employer about deductions and start with a comfortable per paycheck amount). This will allow you to “pay yourself first.”

3. Join your company 401k plan (if you have one). Steady contributions to a 401k plan will insure you have a plan later in life. You’ll be glad you did. Remember that a 401k or other savings plan is a long-term strategy.

4. Think about additional ways to generate money outside of your day job solely for the purpose of generating additional savings. Don’t use this money for anything else but savings or investing.

5. Spend an hour a week seeking out ways to save additional money. You can use the internet, but look for ways to save money WITHOUT having to spend money. Remember: If you don’t understand it, it’s not for you. If you have to spend money to save, it’s not for you. If you have to give someone money to help you make money, it’s not for you.

You can save money if you focus on it. However, you will want to focus on learning first, saving emergency savings first and building your savings one step at a time.


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

Thank you for reading our blog and good luck!

Loyd Ford


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