Tag Archives: Facebook personal savings group

How Many Licks Does It Take To Get To The Center Of A Blow Pop?


It’s tough to live in what I call “the hard middle.” By the time you reach “middle age,” you are grinding it out with multiple priorities of family life, job, debt and a variety of things that only come with the words middle age.

But do you remember when you were a kid? Do you remember those ads for the Blow Pop? You know, “how many licks does it take to get to the center of a Blow Pop?”

Most American families are struggling with the power of the great recession and the pull backs by corporations and small businesses who are allowing fear to drive business decisions. You can’t blame these companies. After all, we have seemingly been to the edge and everyone is watching the decision makers in politics and economics to see how or when they can get the U.S. economy back on track.

How can you add true savings to the mix of family priorities and bill paying even if you may face a no raise environment (or have suffered from a reduction in pay over the last several years)?

Steady and regular savings should not be optional in any family that wants to survive and thrive in the next two decades.

You can begin by calling a family meeting and simply brainstorming about current and past spending for the purpose of reducing expenses now and in the future.

If you don’t have a savings plan in place today, go to past blog entries to see our “1% Savings Plan.” It may knock your socks off and it can absolutely increase your steady savings without killing your lifestyle.

Look at all the money you spend for any reason. Take your cue from the major corporations: Reduce your expenses across the board by talking to EVERY company that sends a bill to your home. Negotiate with them to reduce your bill with them by 10 – 15% each month. Be open-minded to their suggestions and be consistent and relentless. If they say no, ask for a supervisor. Tell them you really want to remain a customer of theirs, but tell them you need help. It may take multiple calls, but you will be happy when they give a little breathing room. Any percentage they give to you, you must add to your REGULAR and STEADY monthly savings from that point forward.

Think of it this way: The money you make is only important until you pay for your very basic food and shelter for the family. The real IMPORTANT and KEY money that flows to your family IS ONLY WHAT YOU SAVE & INVEST.

This is 2010 (almost 2011). We must become more aggressive about steady savings and investment. Focusing your family and including everyone in this will be a powerful friend to help you build wealth.

In 2010, you should have 15 to 18 months of your expenses in emergency savings. Don’t have it? Don’t worry. Just get started. It will build faster than you can imagine.

Slow and steady really does win the race. Put it to the test. You’ll be glad you did.

You can do it.

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!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

Connect with us on Facebook with these free groups:
“Coupons & Coupon Codes”
“Live The Lifestyle Your Family Deserves”
All on Facebook – join. It’s free.

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.

WE CONTROL 20% OF OUR LIVES

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.

THE 1% SAVINGS PLAN

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.

OTHER WAYS TO BOOST PERSONAL SAVINGS
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.

REMEMBERING THE SAFETY NET

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.

HELPING YOUR KIDS GET AHEAD

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
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

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

The 3 Real Rules Of Coupon Savings


We like to be helpful to encourage people to develop their own plan to save and invest on a regular basis. We thought we would present some websites that could be helpful in your search for coupons and coupon codes. Be sure to join our Facebook “Coupons & Coupon Codes” group below. We’ve also added our three (3) basic rules of using coupons effectively.

As always, our advice revolves around these words: “Do your own research; don’t purchase anything you don’t understand.”

Social Savings:

http://www.livingsocial.com

http://www.groupon.com

Coupon Codes:

http://www.couponcodes4u.com

http://www.couponalbum.com

http://www.savings.com

http://www.ebates.com

http://www.couponwinner.com

Remember the basic rules of coupons and coupon codes:

1. You are not saving if you use coupons or coupon codes for something you don’t actually need. This would mean you find a coupon and get excited about saving money on something you don’t usually purchase or would not have purchased without the coupon.

2. If you don’t look closely at the amount of product your are receiving with the coupon or coupon code deal vs. a non-coupon configuration, you could be participating in something other than saving: marketing.

3. If you don’t actually put the money you “saved” in actual savings, you are not saving anything. Use your savings to push money to actual savings and investing.

You can do this.

HELPING YOUR KIDS GET AHEAD

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
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

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

The Something Always Comes Up People


Have you met the people who say they cannot save money because unexpected things happen? The car breaks down or the kids need new shoes for choir or you get an unexpected bill.

You’ve heard the saying, of course: pay yourself first.

I get frustrated when I see that advice because I think it is hard to really wrap your brain around if you are living paycheck to paycheck. You need “the secret.” It has to be a secret that works against the unexpected.

Over the last fifty years, the marketing world has advanced your “credit rating” to the peak position in personal finance. They have made it more important than anything. It is used to drive you with fear to pay attention to the wrong things first. Let’s be clear: you don’t want to do anything to destroy your credit, but it is critical that your true focus be on the truth.

The hard truth is simple if you will hear me. Cash alone is king. If you constantly chase your credit score, your focus is on the wrong goal.

So, how do you “pay yourself first” even when the world crushes in and gives you unexpected financial problems from time to time?

Start with your very next paycheck. Look at the after tax amount of your paycheck. Multiply that amount by .01. Before you spend even one penny on anything (including bills), take that amount of money and push it to actual savings.

This will mean that you are beginning your savings with 1% of your savings. This is our 1% Savings Plan.

With each additional paycheck after the first one, add an additional .01 and multiply that number by the amount of your after tax income. This would mean the second multiple would be .02 for the second paycheck. It would be .03 for the third and you would continue to add to the multiple with each paycheck until you reach .20. This allows you to reform your savings over time without destroying your lifestyle.

The goal is to generate a proper EMERGENCY SAVINGS FUND for 2010.

WHAT IS THE PROPER EMERGENCY SAVINGS FUND?

The proper emergency savings for today is 15 to 18 months of your expenses. The old school days of having 3 to 6 months of expenses or even 6 to 9 months are gone. If you lost your job today, it might take you 12 months or more to find work and even longer to replace your income.

You can put six (6) months of your emergency savings in a money market savings account and the additional twelve (12) months in CDs (none over six months in length).
Imagine your world if you had 15 to 18 months of expenses in emergency savings? You can build it a lot faster than you think. You simply have to put strategy in place and take a step by step approach to lead you to the savings that will make your family feel more secure.

Don’t focus on how much you are saving month after month. Focus on the percentage of your after tax income that you are saving. This is the path.

And you can do it.

HELPING YOUR KIDS GET AHEAD

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
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

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

Improving Your Credit Score (3 Steps To Build Wealth)


If you spend time on the internet looking at websites focused on helping you save or invest money, you will find tons of people who want money from you every month and more people who will focus on credit score.

We are different because we focus on helping you build your own plan to save and invest regularly. Our goal is to give you alternative ideas to save and invest regularly and take more control over your personal finance life because you are unafraid to educate yourself.

We are also different because we don’t focus on credit score. In fact, we believe the world is on its’ ear. We don’t want you to do anything to destroy your credit, but we encourage you to redial your family to the TRUTH:

Credit is not king.

Cash is king.

Wealth-building does not start with credit.

Don’t be fooled by the “system” telling you to focus on credit score. Focus on eliminating debt and saving money. Then, focus on STAYING AWAY from credit.

Wealth-building is not often instant. Real value is generally built over time. Time + debt = poverty. It does not equal wealth. That is how you should focus on your own family wealth-building. If you become wealthy faster, good for you. However, your strategy should be focused over long-term gain. And it should begin with a focus on what is important now.

1. Make sure you have or set as a goal building a proper emergency savings fund for 2010. What does that look like? It is 15 to 18 months of expenses in savings (money market and certificates of deposit). Why? Because if you lose your job, you may not EVER replace your income and it may be months before you get a job decent enough to provide lifestyle for your family (pay the bills). Check past blog entries to see our plan on reducing your monthly pay out to increase monthly savings. Check out past blogs for our 1% Savings Plan to boost your savings without killing your lifestyle.

2. Circle the wagons on credit. Look at what you owe. Start with credit cards. Use our plan for reducing and then eliminating credit card debt. Start with the cards with the highest interest rates. Pay more than the minimum on those cards (starting with the one card with the highest interest rates and continuing until you have paid all of them COMPLETELY OFF). Pay the minimum on all your other cards and focus on pounding the highest interest rate FIRST.

3. Make sure you are enrolled in your company 401k. In addition, we think you should have a Roth IRA or Traditional IRA that gets a monthly contribution. All of this is “long-term money.” It is meant to perform over 30 or 40 years. Think long-term with these contributions and don’t worry about short-term ups and downs.

Educate yourself and your family on growing savings and reducing debt. Credit card debt is the #1 impairment middle class families have to building wealth.

You must begin to see things they way they really are: Your checking account is a MONEY LAUNDERING ACCOUNT for OTHER PEOPLE’S MONEY. Use any excuse to get your money out of these accounts. Push yourself and your family to save more regularly.

What does it take to build savings and wealth over time? Commitment, courage and consistency. It also takes self-education. Don’t let people tell you that you cannot do this. YOU CAN!

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!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

Join our free Facebook group “Coupons & Coupon Codes.”

The New American Dream


“It’s hard to afford it right now.” You hear it all the time. It would be difficult to be anybody but the rich people on TV and not feel those words.

How did they do in during The Great Depression? How did they raise much larger families? How did they “get through?”

So much of our culture is about getting rich overnight or becoming famous. Most will never do either. Our blog isn’t about becoming wealthy. It is about the simple fact that you can develop your own plan to save more money with your existing bills and on your existing income (or you can find ways to add to your income specifically for the purpose of raising savings levels and investing levels on a regular basis).

Over the last sixty plus years the “American Dream” has been about owning a home and saving for retirement. Sometimes that dream can be overwhelming. This blog is about taking the overwhelming and putting in the baby steps that make you confident you can do well and manage a mortgage long-term as well as save regularly.

The first stop to establishing your “ground game” for saving more is to look at expenses. This can and should include all regular bills and what we call irregular spending. That means the money you might drop on Starbucks (sorry) or in the line purchasing groceries (you know the candy, magazines and other impulse purchases).

Every expense should have a moment under the spotlight. If you are not already saving 10 – 15% of your after tax income, you should set a goal of 15 – 20% of your after tax income by reducing spending. Even the hardest regular bill you have should face pressure. That means that you should call each company that sends you a bill and ask for a reduction. Talk to supervisors. Tell them that you are in financial trouble and want to stay a customer. Be patient and be open-minded to their suggestions. After all, you are looking to trim your expenses so you can begin a regular savings program.

Of course, you should be participating in your company 401k plan (if you have one).

Of course, you should be looking for opportunity to push money from checking to savings. If you read this blog over time, you know we say “a checking account is a money laundering account for other people’s money.” Use any excuse you can to push any extra money from your checking to savings. If you do that single thing over time, you will be surprised how much money you can save.

It is our belief that you should work to establish a regular and automatic savings program that leads to the correct emergency savings for 2010. That doesn’t mean 3 to 6 months of expenses in savings. It means 15 to 18 months of expenses in money market savings and certificates of deposit. It will build faster than you think. It will separate you from the moment by moment rat race of negative things that can happen to get in the way of your own path of saving and investing. You can do this.

Spending time reading blogs such as this one and reaching out to learn about extra ways to make money for the purpose of saving extra money and investing regularly can give you an edge over other savers. It can help lift your family.

You can avoid a future financial crisis or even the very temporary things that happen to everyone (like when your car needs a new tire or something happens that requires immediate money you may have been saving for something else. You know the “something-always-gets-in-the-way unexpected” problems that pop up in life.

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!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

The Real Basics To Boosting Your Savings In 2010


Now is your chance to break free.

You can evade the credit card companies, the bad bosses, the trouble that comes with having no savings.

Here’s the key:

You have to be willing to do the work.

How? First, start with our “1% Savings Plan.” Take your very next paycheck and multiply it by .01. Take the result and PAY YOURSELF FIRST. Put this 1% in a savings account (an FDIC-insured money market account).

Then, each time you get paid in 2010, add an additional .01 (so the second paycheck would get multiplied by .02 and the third by .03 and so on) until you reach .20.

This is a “more kind way” of establishing savings without killing your lifestyle.

Then, begin 2010 with an eye on reducing debt (starting with credit card debt). See our other blog (www.stickyasset.com/blog) to get details on this.

Educate yourself on how you can save more money this year and develop your own plan to boost savings with what you ordinarily already do today. Keep reading our blog entries and you will find some helpful tips.

This is your year – if you are really ready to save more and move toward investments for your family. You CAN make it happen easier than you think!

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!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com