Everyone likes the idea of saving money, but once you leave theory it gets much harder to actually save money. That’s because saving money is something that does not bring immediate reward (say….like stopping at Starbucks or purchasing that new flat screen TV).
But here is the secret: If you make it a team sport at home to find creative ways to save money each month, you will be shocked at how fast you can really change your personal family savings.
Think about this: Kids are often more creative than adults. If you get their help coming up with saving solutions, you will find that you have given them the “influence gift” of a lifetime!
We also recommend that you use a huge resource your boss uses everyday – yourself. Block off an hour several times each week to research ways you can save money. This could take the form of coupon codes on the internet, research at the library or collecting of coupons.
More than this, you can use personal research time to find additional ways to GENERATE money outside of your regular job (although we usually recommend you use this money for investing).
You can save more than you think and faster than you think. Check out our previous blog entries to find details on our “1% Savings Plan.” That’s a great way to start.
Are you ready?
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!