If you are reading this, you have opportunity to begin a new adventure in handling your personal finances in a way that will end up putting more wealth into your family over time and perhaps change the path of your family in future generations.
The average large business today is pulled back on expenses. In other words, they are holding cash. They are doing this because they have concerns about the economy, consumers and spending. It creates a situation where they are being harder and harder on employees. Cutbacks are everywhere. Cuts in wages. Cuts in hours. Cuts in expenses.
What does that leave for you?
Little….or nothing. The major corporations are trying to separate you from your money all the time and they use powerful marketing to do it. So, it’s you and I against them. And we can win.
The U.S. economy is not going to bounce back anytime soon. It will be a slow movement curve up (if we are lucky). We are a consumer-based society. In order to win, we have to use our power.
If you want to survive and thrive, you must work to make regular savings a part of every paycheck that you receive.
You can begin with the “1% Savings Plan” in previous blog entries or at our website http://www.MiddleClassMoney.com.
To jump start savings, look at your expenses. Call every business that sends you a bill and tell them up-front that you are in financial stress and need to cut your bill with them by 12 – 15%. If they won’t help, ask for a supervisor. Ask how you can reduce your bill and be patient with them. Be prepared to be open minded and be open to their suggestions.
Every dollar you “save” or get these companies to “reduce” in your bill you should add up and put into an “official bill” that you pay each month from now on. In other words, soak up the savings and use it for SAVINGS.
For instance, let’s say you find a way to save $10 on your cell phone bill per month. Take the $10 and put it in your budget as a “bill” you pay each month to your savings from now on. Then, let’s say you save $32.50 off of your cable bill by bundling or through reduction in channels. Take the $32.50 and add it to the $10. Now you have a bill at the beginning of each month that is $42.50. Keep going. Any reduction you get in your monthly billing should go to this “savings bill.”
Areas where you can really push expenses down:
– Cell Phone Plans (shop, compare and review the minutes you use vs. the minutes in your plan).
– Car Insurance/Home Insurance (compare at least once per year; if you have not done this in awhile, call at least three insurance companies and YOUR OWN to compare coverage and price. Make sure you compare apples to apples for the exact coverage you have today).
– Grocery shopping (if you are not shopping at Walmart or one of the big discount retailers, you may be spending A LOT more than you should).
– Book stores, malls, high-end stores (Check out Amazon, Ebay and Craigslist instead).
– Christmas or holidays (Yes, you can use Craigslist to get amazing deals on perfect gifts that those you love will love themselves. And you’ll save tons).
The # 1 thing you can do for your family is see things as they really are:
Big corporations are after your money and using powerful marketing. The more you can learn and focus on saving, the better off you will be. When you save money using a coupon or reducing a bill, add that money up and make it an “official bill” that you pay at the first of each month. You will be shocked how quickly it adds up.
You can do this!!!!
GET SERIOUS ABOUT AVOIDING POVERTY ISSUES
If you have two (2) incomes in your family, the single best thing you can do is work to reduce your expenses and lifestyle over time until you can live on one income and both save and invest the other income for success between now and retirement.
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. Our people have had “emergencies” all our lives. These emergencies always get in the way of saving money regularly, and our family is not different than millions of other good American families. 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 have had to learn from my own mistakes over time. 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 or allowing “it” to overwhelm you. 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”) associated with our mission!
It is our goal to encourage everyone to teach our children about money, managing money, and saving regularly (and automatically. Children should receive lessons about compound interest and steady investing for a long-term future before they face the hard choices of adult life while being subjected to the consequences of the high-speed marketing culture we live in. 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 by simply 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. You can get our free e-saver newsletter by signing up at http://www.StickyAsset.com/blog.
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.
Good luck to you and your children.
Thank you for reading our blog and good luck!
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“Coupons & Coupon Codes”
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All on Facebook – join. It’s free.