Everyone likes to save money, but hardly everyone uses specific strategy guaranteed to boost savings on a regular basis and stick to this strategy over the long-term to gain additional control over their financial life.
What are these “specific strategies?”
See your paycheck for what it is: The part that you pay out to other people and the only part that can help you build value: What you save as a percentage of each paycheck.
See your checking account for what it is: A money laundering account for other people’s money. Get .15 extra in your checking account? Boost it out of there and into savings where it can help you build a future. Use any excuse you can to remove ANY extra dollars out of checking and into savings.
See coupons and coupon codes for what they are: Ways you can save money IF you only use them for items you regularly purchase or really need and you take the percentage saved from the coupon or coupon code and push that amount to savings. If you don’t put the money you “saved” in actual savings, you have only participated in marketing.
See negotiation for what it is: A tool that rich people (and smart people) use to protect more of their money for the use of savings and investment. While many people are “too embarrassed” to use negotiation on everyday purchases, the rich and the smart DON’T allow themselves to feel embarrassed. They understand the keys to building wealth are simply using strategy to push money by percentage from checking to savings and investment on a regular basis.
See regular saving and regular investment as what they are: The only tools you can depend on to build wealth over time.
Remember this: You can do this. Your emergency savings for 2010 should be 15 to 18 months of your expenses in money market savings and certificates of deposit. You don’t have to build it all at once, but you can build this kind of emergency savings over time. In fact, it will build faster than you think.
It all starts with the plan. If you want, you can begin with our “1% Savings Plan” (see past blog entries here or on http://www.stickyasset.com/blog or check it out at http://www.MiddleClassMoney.com.
This is your ticket to freedom. This is the ticket to freedom for your family. All you have to do is grab it, start and stay consistent in regular savings and investment.
YOU GOT A LATE START?
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.