You can evade the credit card companies, the bad bosses, the trouble that comes with having no savings.
Here’s the key:
You have to be willing to do the work.
How? First, start with our “1% Savings Plan.” Take your very next paycheck and multiply it by .01. Take the result and PAY YOURSELF FIRST. Put this 1% in a savings account (an FDIC-insured money market account).
Then, each time you get paid in 2010, add an additional .01 (so the second paycheck would get multiplied by .02 and the third by .03 and so on) until you reach .20.
This is a “more kind way” of establishing savings without killing your lifestyle.
Then, begin 2010 with an eye on reducing debt (starting with credit card debt). See our other blog (www.stickyasset.com/blog) to get details on this.
Educate yourself on how you can save more money this year and develop your own plan to boost savings with what you ordinarily already do today. Keep reading our blog entries and you will find some helpful tips.
This is your year – if you are really ready to save more and move toward investments for your family. You CAN make it happen easier than you think!
HELPING YOUR KIDS GET AHEAD
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!