Tag Archives: savings accounts

How Do You Know Anyone Can Save Money In 2011?


It is tough to save money consistently and regularly. Still, there are those people who say it is impossible.

Here is one example of why “It is impossible” is a myth that isn’t true. It is a small example, but you can see where commitment equals success in savings.

Over the last three (3) year my wife and I have run an experiment that I think we will continue for a good and long while. We watch the ground for money.

That’s right. We look for “fallen money” or “other people’s money” that they don’t want or simply money that bling blinged to the floor or parking lot so we could spot it and retrieve it just for looking with a keen eye.

If you have been reading this blog for some time, you know that we have a jar in our kitchen that we put our found money in once we discover it. This money adds up each year. A lot of people think, “How much money could you simply find on the ground?” Well, every year we collect the money in our little jar and then use it at the end of the year to open up a 12 month CD.

About this time each year I give an update on what we found in latest year.

Can you save money on any budget? Yes.

In 2010, we found $86.80. That’s $86.80 that other people – that we don’t even know – left to us. They say you hope you get lucky in the New Year. We find we make our own luck by watching what is going on around us.

In 2009, we found $61.47. That money has grown to $62.57 (this is money we are earning on other people’s money).

In 2008, we found a total of $26.95. That money has grown to $27.39 (this is also money we found on the ground; this is money WE are earning based on other people’s money).

No, this isn’t a huge amount of money. But it is an experiment and we are growing savings off of other people’s money. That’s a total of $176.76. And it keeps growing.

What will we find in 2011? I can tell you there are already pennies in the jar this year (and we’ve barely begun).

If you commit, you can begin a regular savings program. This means that you can develop tactics you can find useful in generating regular and irregular savings (and you should make it a goal to have both).

The average family today needs 15 to 18 months of expenses in emergency savings. No worries if you don’t have it right now. Set goals. Brainstorm with the family. Reduce debt and reduce payments (if you don’t know what we mean, look in past blog entries or at http://www.MiddleClassMoney.com).

This could be your year. Get started. Keep after it.

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.

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Business & Your Family In 2011


If you are like us, you have always looked at businesses you do business with like you look at other people. You think it is your responsibility to treat them the way you would like to be treated.

The problem is that many of these companies have begun to think about you in terms of only how much money they can get from you. In addition to this, they have begun to think in terms of how they can limit their expenses and often their services while still getting the full payment participation from your family.

As a result, we have adjusted our thinking so that we treat them as a negative event in our family budget and we recommend you treat them the same way. What does this mean for you? It means that you should review your services at least once each year and work with them to seek a reduction in pricing.

No, I am not kidding.

Times have gotten more and more difficult for middle class families. On the other hand, big business (especially) in this country are FLUSH with cash. This is because they constantly operate from a conservative position of limiting and reducing expenses while PRESSING for PROFIT.

To meet this challenge you should start this at least yearly process of approaching every business that gets money from your household and PRESSING THEM for REDUCTION in costs.

The process begins with a phone call, but you must learn to be pleasant and firm while being prepared to make multiple phone calls and seek out supervisors multiple times to reduce costs while keeping services.

You start by telling them that you are having financial difficulties and really want to keep their services. However, you should also tell them that you need to reduce the bill you receive by 10 – 12%. That’s where the negotiation begins.

Again – be patient.

Be willing to listen to their suggestions. Be willing to talk to multiple supervisors and stay calm and pleasant as you work your way to a DISCOUNT.

When you negotiate a discount, take the money you saved (in actual dollars from your monthly bill) and add it to your “automatic savings bill.” This will help you establish or expand a regular monthly “bill” that actually goes directly to savings in a money market savings account.

In 2011 you should be working toward having 15 to 18 months of your family expenses in actual savings to have a proper emergency savings fund (correctly funded). Why? Because it may take you longer to find a new job making your current income if you lose your job. You may become a part of a large wave of people who cannot replace your current income if you lose your job. Having a right-sized emergency savings fund for 2011 will be very helpful to your family.

If you do not have this kind of emergency savings fund, we recommend you look back in previous blog entries here and at http://www.StickyAsset.com/blog to find our “1% Savings Plan” or check it out at http://www.MiddleClassMoney.com to begin a systematic way to launch and grow regular savings.

We believe it’s us against the world. That means your family must take more control of your money and see companies you do business as BUSINESSES that must be NEGOTIATED with so you get the most value for the least costs.

And always actually save what you save. This is a major key to GROWING SAVINGS.

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.

The Secret To Building Wealth In 2010


The best way to build wealth is to deserve it. In other words, this blog entry isn’t about any get rich quick ideas. The best wealth is created by people who bring value to their own lives through hard work, strategy and the ability to stick to a plan to build wealth in the ways we know work:

Steady savings is not optional if you want to build wealth. You must commit to building in steady savings in every paycheck you get. We tell people to focus on the percentage of after-tax income you are putting to savings. How much – by percentage – of each paycheck are you putting to work for your family?

Constantly work to increase the percentage of your after-tax paycheck going to savings every two weeks or every month.

Be realistic about money. Money is slippery. Treat it with respect and know that only putting money to work over a period of decades will truly help you super-achieve real wealth.

Build the proper emergency fund for today’s world. You should work to build 15 to 18 months of expenses in emergency savings (money market savings and certificates of deposit). This amount will build a lot faster than most people think…if you start and stay committed to steady and regular savings. You can check out our “1% Savings Plan” in previous blog entries or you can get it at http://www.MiddleClassMoney.com.

Purchase assets that build upon themselves. A good example would be dividend producing stocks or mutual funds that grow simply because you own them (this is not to say the value of the stocks or mutual funds go up; it simply points out that dividends purchase more of the source element or stocks). We call this building an Asset Train. Trains go places. By reinvesting dividends, your “train” will go places, too.

Pay down debt. Debt is the #1 killer of wealth in the middle class. If you have it, work to reduce it. Negotiate with your lenders on interest rates (especially credit card companies). Work to control, reduce and eliminate debt.

Stay away from credit card debt. This is special debt. Treat credit card companies as the enemy of your family because they are. Control, reduce and eliminate.

We live in a society where many feel they are entitled. Others feel fear. Working with your own family members, you can teach, learn and grow wealth for you and your children over time.

Start. Begin. Commit. Stay the course once you have set strategy. When others tell you that you can’t, re-commit to growing your wealth over time. As the old song says, “Teach your children well…..”

You can do this.

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.

Emergency And Savings: How Much Do You Need?

Are you listening?

The largest financial crisis in our lifetime just happened and who took it on the chin? The middle class.

Who got bailed out? The fat cats.

Who was best positioned to come out okay?

Those with low or no debt and a significant emergency savings fund for the 21st Century.

How much is enough?

15 to 18 months of expenses (your expenses) in savings (money market savings and certificates of deposit).

If you want to make a positive difference in the lives of your children, get them an education. However, don’t leave them high-and-dry about money.

When an emergency comes, you don’t want to be caught flat-footed.

Start using our “1% Savings Plan” with your very next paycheck. Check our past blog entries to find out how to execute this easy plan or see HOW TO SURVIVE ANY FINANCIAL CRISIS at http://www.middleclassmoney.com.

You can find ways to save this much emergency savings faster than you think. Stick around this blog and you’ll get tricks to get ahead.

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”

Re-Thinking How We Save Money Today


Most people focus on how much money they “make.” Others (often the same people) focus on how much money they deposit in their checking account.

Here’s the problem with that:

1. The money you make working for someone else is a fraction of cost of doing business. It is really a small amount when compared to what your productivity is making the company you are working for today. This is code for “you never get rich working for other people.”

2. Your checking account is a money laundering account for other people’s money. This is not a “value” account.

Still, some like to focus on how much money they are saving or the simple fact they cannot save large amounts of money because of unexpected expenses or other variables that can get in the way of a steady stream of savings.

You should not focus on how much money you are saving. That is an easy ticket to becoming overwhelmed.

Instead, focus on what percentage of your after-tax income you are saving on a regular basis. Focus on percentages you save negotiating on a purchase your ordinarily and regularly make (and then put the percentage you saved in actual savings).

Focus on real savings with coupons. Compare a price with coupon and the units you are receiving for your money with a non-coupon sale or regular sale price elsewhere. Compare on-line (with shipping or without if you can get it) pricing to store pricing. AND ALWAYS put the percentage you saved in real savings.

These are tricks that can help you boost savings faster than you think.

MAKE MORE THAN MONEY COUNT

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