When You Can Turn Bad News Into Good News

Employers added 162,000 jobs in March (according to The Wall Street Journal). Unemployment is holding at 9.7%.

The average length of unemployment is rising. In fact, last month the average period of time people like us were unemployed rose to the highest point since 1948. 1948!

Average time people are unemployed when they lose their jobs in 2010? Currently, that number is now 31 weeks.

Sounds like pretty bad news, right? We don’t like bad news at this blog. That means we have to use the tools we have to turn it around.


I have a friend that recently told me that we can only be in control of about 20% of our lives. Think about that. 20% is what you have. We should make the most of it.

We must take control of the 20% we can control and set goals to boost personal savings and grow a significant safety net.

How long could you pay your expenses without work?

How can we turn the bad new above into good news? We can set our own individual plans for saving money. No excuses.

It would be easy to say that the first step is to pay yourself first, but I have always found that difficult advice to really put into practical use. So, we have come up with some strategies that help you boost savings beginning with your very next paycheck. More than this, we believe in finding unique ways to add to your monthly savings totals and gain access to your own safety net.


Start with our 1% Savings Plan. This is where you set automatic and regular savings to give you steady savings beginning almost right away.

How does the 1% Savings Plan work? When you get your very next paycheck, look at the after tax amount. Multiply this amount by .01. Before you do anything with any of this paycheck, take this .01 amount and put it in actual savings (not checking).

Each time you get paid….add another .01 to the number you use to multiply your after tax income. So, the second paycheck you would multiply your after tax income by .02. The third time, you will multiply your after tax income by .03. You should continue to add to this number until you eventually reach .20.

The biggest way most of us can boost personal savings is by using honestly. Be prepared to be honest with yourself about your spending. Take a look at your spending over the last six (6) months.

Divide your spending into bills (that you must pay) and spending that you see as optional. Your goal is not to eliminate all spending for fun. Your goal should be to reduce your “spending” by 10 – 15%.

Check out our past blog entries for tips on reducing your actual bills by 10 – 15%, how to deal with credit card companies and additional ways to boost both savings and investing income (outside of your day job income) OR check it out at http://www.MiddleClassMoney.com.


How big should your safety net be today? We believe it should be 15 to 18 months of expenses in money market savings and certificates of deposit.

Don’t worry – it builds faster than you think.

So, we take the above statistics (bad news) and turn it into a positive by using the 20% that we can control. Excellent!

You can do this.


If you think I was born saving money, you are wrong. My family is filled with hillbillies from Louisiana. There are members of my family that don’t believe in 401ks or IRAs. I was not brought up to save and invest regularly and I have made every mistake you can think about when it comes to money. I have had to learn the absolute hard way how to get savings on track and make it a part of your life without killing your lifestyle. I have had to learn the hard way how companies mislead with marketing. It is my mission to share what I have learned about regularly saving with my own children and also share it with you. That’s why we have a lot of “free” (blogs like http://www.boostmywealth.wordpress.com and http://www.stickyasset.com/blog and groups on Facebook like “Coupons & Coupon Codes”)!

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

Connect with us on Facebook with these free groups:
“Coupons & Coupon Codes”
“Live The Lifestyle Your Family Deserves”
“Saving Money”


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