The secret is being absolute. Commit to using the language: I will begin a savings program. I will find ways to save money. I will look at my expenses, be honest with myself and my family and together we will begin saving money regularly.
That’s the key.
If you want you can start by looking back at past blog entries about the “1% Savings Plan” or check out the details in HOW TO SURVIVE ANY FINANCIAL CRISIS at our website http://www.MiddleClassMoney.com.
If you keep reading this blog, you will find us to be encouraging in terms of saving and investing regularly and working to reduce debt (especially credit card debt). That’s the trick that makes your wealth grow.
We focus on percentages. If you have read any of our previous blogs, you are likely to know that we believe you should forget about how much money you should save. Think only in terms of what percentage of your after tax income goes to savings.
The world is changing. It’s wrong to think like most people: The world will not always be the way you know it today. Save money. Make it a priority.
Here’s the truly big secret about saving money: Once you commit and begin, you will be shocked how quickly it adds up. As Nike says, “Just do it!”
You should work to build a correctly sized emergency savings fund. For 2010, that is 15 to 18 months of your expenses in money market savings and certificates of deposit. And remember – it adds up faster than you think.
One step at a time – get started.
HELPING YOUR KIDS GET AHEAD
If you think I was born saving money, you are wrong. My own family didn’t believe in saving. They don’t believe in having a 401k. They have had “emergencies” all their lives. These emergencies always get in the way of saving money regularly. 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. My parents thought they were shielding me from the realities of bills and worry. In fact, they were isolating me. I learned nothing until I had made many of the mistakes they made. 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!
Connect with us on Facebook with these free groups:
“Coupons & Coupon Codes”
“Live The Lifestyle Your Family Deserves”
“The Money Store”
All on Facebook – join. It’s free.