Tag Archives: “Live The Lifestyle Your Family Deserves” on Facebook

Is Your Middle Class Family Slipping?

Your family might be in more trouble than you might think financially. Things could appear good, but risk is lurking for all middle class families in 2010.

We talk in this blog and our other blog (www.stickyasset.com/blog) about the costs associated with living and how to reduce debt (the #1 reason middle class families are falling behind and, in many cases, out of the middle class) and increase regular savings and investing.

We are NOT making up huge reasons you should develop your own plan for regularly saving money.

Many people do ask why we recommend you build a plan that includes an emergency savings plan of 15 to 18 months of expenses in money market savings and certificates of deposit. This blog entry addresses that with some facts. (By the way, you don’t have to build this all at once. You CAN boost savings over time with some specific strategies).

What about some serious hard numbers? Okay. Here are some numbers everyone in your family should know. This is based upon a family of four (4) in the United States (average family of four) from 1970 to 2007).

Here is what Americans are spending MORE in the 21st century (research based upon 1970 – 2007):

# 1 = Mortgage (up 76%)

# 2 = Health Insurance (up 74%)

# 3 = Cars (2 cars; used to have 1 – 24%)

# 4 = Childcare (up 100%)

# 5 = Taxes (up 25%)

In case you want to know, Americans are spending a lot less on clothing and food than they did in 1970. Most people think the reverse of these numbers. They don’t think about how much larger the mortgage and cars cost today. However, these are stark facts about what middle class families are PAYING today.

You should always keep an eye on your money.

According to income, by the time the two (2) income family pays all of their regular monthly expenses, they have LESS money than their parents did with one (1) income (on average in 1970).

Consider this: New housing today is primarily being built for the top 20% of the general population. The people purchasing homes from 1970 until now are paying more and more for housing and the housing is more expensive per house (and not necessarily for bigger houses either). Does this strike you as crazy?

If you have read “Rich Dad, Poor Dad,” you know that they reference that middle class families purchase liabilities and think they are assets. By the way, we are NOT against home ownership, but we do believe you should select the size and cost of your home and mortgage very carefully.

*The information statistics in this blog are sourced from Elizabeth Warren and a presentation she gave on “The Coming Collapse of The Middle Class.”

If you seriously look at these numbers, you can clearly see how the middle class is under extreme stress. The expenses that have grown are less controllable than those that have gone down (clothes, food for example).

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.

People don’t want to hear “change your lifestyle.”

People don’t want to cut back lifestyle, but for many Americans will face poverty if they don’t have a short and long-term strategy to regularly save and invest.

If you don’t have a savings plan today or don’t feel like YOU or your family can save with your income today and your bills, check out our “1% Savings Plan” in past blog entries or at http://www.MiddleClassMoney.com.

Check out our info on how to save with negotiation and coupons or coupon codes (and how to use coupons).

Don’t just accept that you can’t get ahead. Use our tips on creating savings within the restrictions of your income and your bills and spending. In many cases, you will create additional savings by opening up with your family members and brainstorming about ways to create regular savings. You will also find that focusing on saving money will….save you money.

We do have some basic things we believe and try to encourage in others. We believe that your checking account is a MONEY LAUNDERING ACCOUNT for other people’s money and you should use any excuse to push money from checking out into savings as often as possible. We believe that you should set out to create an “asset train” so that you are building something for the future – no matter how small (and an asset train pays dividends). We also believe that the only part of your money that is important (past providing the essential basics of food, shelter and clothing for your immediate family) is the money you set aside on a regular basis to reduce and eliminate debt and build emergency savings and/or invest. And you can do it.

YOU can do it. You simply must start. You must develop your own plan. You must do your own research. You must engage your immediate family members to bond together in your quest to reduce and eliminate debt, build savings and investment and TEACH YOUR KIDS how to become wealthy.

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.

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LA Times Says 1 in 4 U.S. Workers Worried About More Layoffs


According to the LA Times, 1 in 4 U.S. workers are worried about layoffs where they work. The economy is limping along even according to people who are most bullish about the economy.

For every force in the universe there is an equal and opposite force. What’s yours?

How can you begin to help the members of your immediate family deal with this issue?

Here is the best counter punch you can deal fear today:

Review your income, spending and savings.

Are you saving 25% of your after-tax income each time you get paid? No? Don’t panic. Keep reading.

Is your emergency fund 15 to 18 months of your expenses in money market and certificates of deposit? No? Don’t get worked up. Give us a minute.

Let’s turn this around. Is your boss mean? Does your work environment not favor employees? Your company does not appear on the Best To Work For list?

What if you had 15 to 18 months of expenses in actual money market savings and certificates of deposit? Would that change your stress level?

What if you were saving 25% of your after tax income in emergency savings, a Roth IRA or traditional IRA and investment?

What if you had a plan? What if it included specific ways to generate more savings?

That’s what we will now suggest to you.

Begin now by reviewing your spending over the last three (3) months. Be honest with yourself about what you could “live without.” When you find a $10 expense for something you don’t need, make a note to remove that from your spending habits and add the $10 to what will grow into your “savings bill.” Each expense you find like that will add to the total.

Once you have “found” and added up a “savings bill,” begin the next month by paying yourself first the total of this bill before you pay any other bills.

Yes, it might make your pennies squeal for a moment, but adding a regular savings to your monthly plans and putting it at the head of the pay column in your budget, you will save faster than you think.

Still, you will want to look at additional ways to save. One of those ways is to call everyone who sends you a bill of any kind. Tell them you are having a hard time and need to reduce your bill by 10 – 15%. Be open-minded about what they say to you. If they won’t be helpful, ask for a supervisor. Be consistent and patient about working with them to reduce your bill and put the amount “saved” toward savings by again “paying yourself first.” You will – of course – add this to your monthly pay yourself first bill. It will all go to savings.

If you want to see our tips on dealing with credit card companies or our “1% Savings Plan,” simply look to past blog entries here and at http://www.stickyasset.com/blog or check out “How To Survive Any Financial Crisis” at http://www.MiddleClassMoney.com. The #1 impairment to wealth-building for middle class U.S. families is debt (and especially credit card debt).

1. Steadily reduce debt.

2. Be regular about steady savings.

3. Get serious about investing – even a little at a time – to build wealth on a regular basis.

You can take fear down a peg or two and gain more control of your work life and your home life by giving your family more options through having your own overall strategy to build savings and investment regularly.

Do you think the government is going to help you?

The government will not do it for you. Don’t expect help from the politicians. They are busy working on their priorities (which are often different than voters).

You can build savings.

You can build wealth.

You can make this happen.

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!

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”
All on Facebook – join. It’s free.

Boost Wealth One Step At A Time


Water seeks its’ own level.

People do what they know.

Your opportunity to change the course of your family history in the future lies in your ability to commit to a strategy over time that will help you develop emergency savings first and then specific savings for wealth production.

Are you ready to commit?

No one else can help you do it. You have to make that decision on your own. You will determine when you actually sit down and review what you are spending. We recommend that you look at the last three (3) to six (6) months so you have an overview of where your money is going.

Everyone has leaks.

Fix them by using a strategy like major corporations use: reduce by percentage. We like to set a goal of reducing your payout each month by 12 – 15% when we do a review.

Look for ways to reduce your spending, but don’t cut everything out. In other words, you don’t want to kill your lifestyle. You want to plan to save more money regularly. The more you put specific non-emotional purpose into your planning and execution, the more success you are likely to have in boosting savings and then wealth.

If your company offers a 401k, you should be engaged. 401k plans are about 20 – 30 – 40 years. It’s not about the next five (5) years. Because of this, many people glaze over and just say, “forget about it.”

You should also contribute to a Roth IRA if you qualify. Again, don’t concentrate on dollar amounts. Concentrate on percentage of your income going into a Roth.

Look back at our past blog entries to find out how to use the “1% Savings Plan.” See how we recommend you venture into dealing with credit card companies and how you can grow steady and regular savings.

Get together with all family members and brainstorm on ways you can make money OUTSIDE OF YOUR DAY JOB and put 100% of this money toward INVESTING. Do your own research and find out how companies like T. Rowe Price, Vanguard and others can help you launch and keep a savings program going on a regular basis. You will be shocked how quickly your savings will JUMP.

Don’t forget to do your research.

You should have 15 to 18 months of expenses in money market savings and certificates of deposit. Yes, you can do this. You have to commit. You have to first say, “I can do this.” Then, do it one step at a time.

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!

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 Money Store”
All on Facebook – join. It’s free.

Ten Ways To Get To The Church (Of Saving + Investing) On Time


You want me to tell you how to get the best deals in the history of Earth and how you can use your savings skills to reshape your old water bottles into kitchen pots and pans? I’m not going to do that.

My goal is to try to get people to think about, establish and grow their own plan for regularly saving and investing to build your own way to wealth. I will encourage you to begin a real journey of saving and investing (regularly) by shaving off expenses and/or parts of expenses to establish a higher pattern of savings.

Let’s start with some beliefs we have that may strike you as unusual, but we want to encourage you to give them some more serious thought as you think about developing your own plan for saving and investing regularly.

1. What you make is NOT as important as the percentage of your after tax income that you are saving each month. If you have trouble saving, you might want to start with our “1% Savings Plan.” Read about it in past blog entries or get “How To Survive Any Financial Crisis” at http://www.MiddleClassMoney.com to find out more. Everyone wants to focus on what they “make.” What you make is a number; what you save is the value you are building for your family from your work.

2. Checking accounts are MONEY LAUNDERING ACCOUNTS for OTHER PEOPLE’S MONEY. You must begin to see this as a leaky problem and use any excuse to pull any extra money out of checking and push it to real savings. If you don’t do this regularly, you are very likely “leaking money.”

3. Credit card companies and almost any major corporation is a corrupt entity that is in fact the ENEMY of your family. If you adjust your thinking to spot the differences between controlled needs and wants or marketing, you can save more money month after month, build real savings and eventual wealth.

4. Emergency savings has changed. Gone are the days of the 1980s and 1990s. You live in the 21st Century. That means your emergency savings should be 15 to 18 months of your expenses in money market savings and certificates of deposit.

5. Once you have achieved the proper emergency savings fund, you can begin to begin regular investing.

6. The #1 impairment to wealth in the middle class is debt. Credit card debt is the worst. See our recommendations on dealing with credit card companies and debt in general in “How To Survive Any Financial Crisis” at http://www.MiddleClassMoney.com or read previous blog entries on controlling relationships with credit card companies and curbing and eliminating debt.

HOW TO JUMP START YOUR SAVINGS AND “GET IT GOING”

1. Your regular bills can probably be reduced. Call every company who sends a bill to your house. Ask them how you can reduce your monthly payment by 10 – 15%. Yes, they may say no. If they do, ask for a supervisor. Tell them you don’t want to have to go without, but tell them you are seeking a way to reduce your bills by 10 – 15% (be specific with them). And be open to their suggestions (including things like bundling). Be persistent. Don’t give up. Call once a week if you have to until you get some results. Whatever you can shave off of your monthly bills, put that money in savings on a regular basis (and pay yourself first before you pay any other bill each month).

2. When you shop for anything, do your shopping before you leave the house. In other words, have a list in advance of only what you need and stick to the list.

3. When you use coupons, coupon codes or negotiation to receive a negotiated price (lower than sticker), always put the money or percentage you saved in actual savings. If you don’t, you are not saving anything.

4. Look for additional ways (in addition to your day job) where you and your family can generate some additional dollars for the purpose of putting 100% of this money into pure investing (perhaps Vanguard mutual funds).

The truth is simple: People don’t often think about really begin aggressive on saving money until they are in trouble. Maybe it seems overwhelming. The facts are simple: Reduce debt, build savings and regularly save and invest to build wealth and gain more control over your personal financial life.

You can start on a path to higher savings and better investing TODAY. Just get started. Build your own plan with your family.

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!

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 Money Store”
All on Facebook – join. It’s free.

7 Ways To Boost Your Savings


How do you pay yourself first?

Reduce expenses by looking closely at what you spend on bills and what you spend for fun. While no one likes to pull back on “fun,” it is critical to look at expenses and reduce by a percentage goal (we usually recommend you begin with working to reduce your spending by 10 – 15 % (this includes going after all the companies that bill you and working to get a reduction of 10 – 15 % directly from these companies).

How else can you “naturally” boost savings by reducing what you spend?

1. Buy used. Become friends with ebay and craigslist. Seek out ways to purchased used for a LOT less and be open to barter. Remember: The cash you save could be your own.

2. Purchase generic whenever possible across categories. In other words, buy generic everything. Why? Because often the generics are actually made by the manufacturers you are purchasing because of their brand name. The money you save can be substantial.

3. Use coupons and coupon codes, but only use them on purchases you already make regularly or things you actually need. This goes hand in hand with making your list before you go shopping. Don’t depend on the coupons to tell you what to purchase (that’s marketing). Figure out what you need and then search for the right coupons or coupon codes (Join our free Facebook group “Coupons & Coupon Codes” to see more coupons on a regular basis).

4. Watch out for fees of any kind and be committed to removing them. This means you should not pay fees on credit cards or in banking. Remember: big business depends on you NOT to read the fine print. DO READ THE FINE PRINT and save, save, save.

5. Make a list in advance every single time you go “shopping” and stick to the list without question. No impulse purchases. Remember – marketing is everywhere and there are a lot of temptations. Remove the temptation to buy more by sticking to a specific list written in advance.

6. Always review your insurance once a year. If you don’t, you will lose money. Don’t be afraid to switch. You should focus on lowering costs and make sure you keep your coverage the same. Insurance companies love for you to get lazy about this so they can jack your rates. Stay on top of it and you will save more than you think.

7. Track usage of the services you pay for. If you are not watching all those cable channels, guess what? You are paying too much. If you have a gym membership but don’t go, you are paying too much. Watch what you actually do vs. what you actually pay for. These are tips on where you can cut spending.

Check out our “1% Savings Plan” in previous blog entries or at http://www.middleclassmoney.com to find additional ways to boost your savings. Always focus on the percentage of your after tax income that you are saving. Don’t focus on dollar amounts. This will allow you to set very meaningful goals and really establish patterns in savings that mean more over time.

Always remember that YOU are in charge. You can do this!

Make sure every single penny you save goes to actual savings and really does come out of checking. Add these totals up and make it a new “payment” each month that goes toward savings. Make sure this is the first “bill” you pay each month.

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.

This blog needs your help. Please use the share button on your Facebook wall to share this blog on your wall with friends and family. If you have other ways to share this blog, please do so. The only way we can spread real influence is with the help of people like yourself. You can influence others to save more and truly get ahead – even in this economy.

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”

Doing The “Side By Side”


Today’s blog is about NOT taking things for granted. Don’t assume.

Today we focus on an exercise called “The Side By Side.”

To do the “Side by side,” we recommend you do this exercise about once a year:

1. You will need a base line. We would recommend using Walmart.

2. You will need a “compare” or alternate store to use with coupons and all sales associated with the store.

3. Take your list of regular shopping items and look for the best deals on the websites at both stores. As you know, we often recommend that you make lists before shopping and that you also keep from going “off the list” while shopping.

4. Compare the best price that you get at each location. Be sure you are making an apples to apples compare on each store and on each item. More than this, make sure you are comparing units in each item you purchase.

Comparing discount bottom-dollar stores to other experiences in “shopping” is an important part of regularly saving money.

Don’t just assume the place where you shop has the best prices. Keep up.

It can make huge differences. To insure that you are really saving, take the difference EVERY TIME between what you would have paid and what you saved and actually put it in real savings away from checking.

It is less important that you do this specific exercise. The most important thing you can do is to create opportunity to compare all the time to insure your family is truly getting the best deals. Pennies count – and you can save $10, $20, $30, $40 or more doing a simple exercise like this one. Imagine if you starting looking at other areas where you could save money?

Remember what we say: Checking accounts are money laundering accounts for other people’s money.

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”