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2014 – George Tak
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Year: 2014

Saving A Little, Focusing A Lot Can Boost Family Wealth

There is a rough sea out there today for many American families. Today can be your day to set a course to avoid the rocks and get your family moving in a safer direction.

A lot of people still believe you can’t do a lot with a little. As a result, many millions of Americans are not saving money and paying down debt. Of course, many Americans are saving and many others are pushing their debt down.

Consider that in 1979 the average recommendation for an emergency savings fund was 3 to 6 months of expenses in actual savings. Is the job market even close to what it was in 1979? Of course it isn’t.

Think about this: If you lost your job, could you go out and replace it immediately with the same income? This is the $1 reason that we feel the 2010 – 11 recommendation for emergency savings fund should be 15 to 18 months of expenses in money market savings and certificates of deposit. And the best news is that you can do it.

If you have not seen our “1% Savings Plan,” you must check it out for free in our past blog entries here or at www.BoostMyWealth.wordpress.com or at www.MiddleClassMoney.com. It is an easy way to generate steady savings without killing your lifestyle.

How else can you start your path to boost savings and reduce debt?

First, sit down with your entire family. Tell them that you are going to ask them to all work with you to do what every smart company has been doing this decade and especially since the beginning of the financial crisis: You are going to reduce and eliminate debt and build a cash reserve. Why? Tell your family the reason for the meeting and the reason for doing it is teaching each other what is possible when the family comes together. You can also tell them it is for peace of mind and to establish goals and patterns for your family that will launch everyone at the table on a path to wealth in their lifetime.

Of course, money is not the most important thing, but it gives you important options if things get worse.

Lay out your spending over the last six (6) months. Offer for family members to put things in several categories:

Bills (that must be paid each month)

Spending to feed, shelter and put clothes on the family

Other spending (this can be for non-essential food, shelter, et all)

Be honest about what spending is essential and brainstorm about which expenses could have been avoided. Work together to try to identify areas where you could cut back spending in the future and keep tabs on how much money that is as you go through the process. Keep adding it up and keep that amount of money in one place as you write out the results of your spending over this six (6) month period. You will want to take this money and turn it into “family bill #1” in future months. In order to do this, it must be the first bill you pay each month. Say you have gone to the movies once a month and your family votes that you can stay at home and have “movie night.” Take the money you would have spent – say that is $40 (it is probably more) and make that a future monthly bill that you pay at the first of each month.

Score “family bill #1” to savings = $40 a month.

Perhaps you have this meeting once a week to talk about how to improve saving and reduce debt. Maybe one week you focus on how to save more money by reducing spending. The next week you look at debt reduction.

140618_money_gen_10Start with credit card debt. Take out your credit cards and look at them because credit card companies are often the BIGGEST SINGLE FINANCIAL ENEMY of your family. These are the bad guys. Separate your credit cards and find out exactly how much interest you are being charged by each.

Begin making minimum only payments on each card EXCEPT the one with the highest interest rate. That card should receive as much additional payment BEYOND the minimum as you can stand to make until it GOES AWAY.

When you pay off a card, roll the money (all of it) to pounding the next one).

Once you have paid off the first card, celebrate with the family and rotate to the second card (the one with the highest interest rate). Keep doing this until credit card debt is 0.

Credit card debt is the #1 reason middle class families cannot build wealth today. See them as the enemy they are to your family.

Also make sure you find out if there are yearly …

The Secret That Can Change The Future Of Your Family

family-homeThis is your chance. A real chance for you. A real chance for your family. Are you ready? If you have not had your own serious savings program, you are standing on the edge of an opportunity that can change the path of your wealth and eventually the path of your children and family line.

Wow. That’s a lot, right? What does it take? You have to have several elements:

You must begin. And you must continue.

You must be committed to regular and steady savings as a percentage of each paycheck you receive (based solely on after-tax income).

You must recognize that time cannot be sped up during this process and that the important factors are: Steady and regular savings with commitment and patience to “stay the course.”

You must include your family members (especially your children who are likely to come up with the best brainstorming ideas about saving more money and reducing debt and/or spending).

If you fear you cannot save money based upon your income and your bills and expenses, you may wish to being 2011 with our “1% Savings Plan.” This can be found in past blog entries or at www.MiddleClassMoney.com. This is a steadily growing savings plan based upon 1% in the beginning and growing to 20% so that you don’t experience a shock to the system of growing your savings regularly.

It is also recommended that you review your spending every six (6) months to see if there are areas where you can identify savings and reduce spending in the future.

We also recommend you look at your bill paying like a business does and work with those who bill you to reduce the monthly amount. When they reduce your monthly outlay, take the amount you “saved” and push it toward a new monthly savings amount. Save that amount each month as if we didn’t reduce your bill at all. This grows your savings “pie.”

While this is not a get rich quick strategy, it works.

It works.

It will grow your savings. Your family will engage in thinking differently about money and you will see opportunities to save more clearly.

You can do this. When you do, you will feel empowered as a consumer and empowered by the appearance of more options for you and your family.

Please remember that you must start. You must be committed. You must involve all family members.

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.
All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

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 www.middleclassmoney.com.

Thank you for reading our blog and good luck!

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

I Want My Kids To Do Better Than I Have

Debt is the #1 killer of wealth production for the middle class in America. Forget about almost everything else for now. Our society has been taken over by corporation marketing and a real conspiracy to boost consumerism to the tune of the corporate profits machine.

We have gone in the U.S. from being a value country to being an entitlement country. We have also gone from a country that buys things on a cash basis to a country that focuses on a credit score. Oh, my, what will happen if you can’t borrow a lot of money? YOU WON’T BE IN HEAVY DEBT.

Still, they’ve got most of us trained that cash is out of favor and credit is king.

The results have been staggering: super large debt everywhere you look and smaller savings. More and more people look to government to bail them out, but they are busy bailing business out.

When it comes right down to it, you and I will have to bail ourselves out even when unemployment continues to be officially high and unofficially really high (the defined difference between unemployed and underemployed).

You must begin by looking at your expenses and removing 12 – 15% of your expenses by calling everyone who sends you a bill and asking for help to reduce your costs. Be open minded to their ideas as well as persistent with your own ideas. Ask for a supervisor. Expect to hear no. Keep asking. Tell them your family has hit hard times and you want to pay your bills, but you simply must reduce your expenses by 12 – 15% immediately.

Sit down at the kitchen table with your family, including your kids. Tell them you are reviewing all spending and you need everyone’s help to begin building regular savings and investment. Involving your kids won’t protect them from “adult stress.” It will help make them wealthy over their lifetime. It will give them more options and allow them more control.

Talk about ways you can reduce debt and increase savings and investment on a regular basis. You may be surprised at who comes up with the best ideas.

Review all credit cards. Credit card companies are the enemy of your family. Find out the interest rates you are being charged on each card you have. See if you can consolidate these cards into a low-interest rate card. If you can, make sure the new card is covered under the new financial regulations. Don’t trust credit card companies.

What happens if you can’t consolidate? Pay the minimums on every card EXCEPT the one with the highest interest rate. Pay as much as you possibly can on that one card until it is PAID IN FULL. Then, move to the next highest interest rate and continue. Do this until you have no credit card debt.

Keep this in mind, too: Your checking account is a money laundering account for other people’s money. Use any opportunity you can to take any extra money out and push it to savings where you won’t spend it so easily.

Brainstorm with your kids on how the family can earn some new dollars only for investing. You may be shocked at how much extra money you can find or earn to invest month after month.

What will this do? It will show your kids it is important to be responsible with money. It will also show them that they can empower themselves and their family when they have kids to grow savings and boost investment all the while growing wealth.

How would you like your kids to do better than you?

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 www.boostmywealth.wordpress.com and www.stickyasset.com/blog and groups on Facebook like “Coupons & Coupon Codes”)!

In …

The Magic Of Found Money

Money doesn’t save itself. In fact, we have learned that money gets away from you quickly if you don’t put it to work. You need an example?

bitcoinsIf you have been reading our blog for awhile, you may know that we have a jar in our kitchen. I put it there because my wife kept finding pennies, nickels, quarters and more on the ground when she would go to the grocery store or on a trip. It got to be such a funny thing that she got the boys doing it, too. We don’t use this jar for “loose change.” We actually use it to drop our “found money” in once we come in from a trip to the store or a weekend getaway. She simply made us aware that people throw money away everyday.

People are always asking how much we’ve found “this year” (because we do it every year and we put it in our e-book called “How To Survive Any Financial Crisis” found at www.MiddleClassMoney.com).

It can’t be that much, right?

Last year we wound up with over $60 at the end of the year. The year before that we had found just over $28. At the end of each year, we add up our “change” and put it in a 12 month CD. We have one for each year……year after year and we roll them over. They earn money for us month after month.

So, this year, the money people dropped on the actual ground in 2008 and 2009 is earning money for us month after month. We put this “found money” to work for our family.

How much have do we have in our little kitchen jar this year so far? $46.69.

We highly recommend involving your kids in the importance of family budget, spending, saving, investing and overall money management. In fact, we recommend that you build your strategy with them to overcome our “debt and credit marketing culture” and build savings and wealth regularly. That’s because doing these things with your children does the following:

1. Shows them that saving money regularly is important to you and should be to them.

2. Shows them that investing money regularly is important to you and should be to them.

3. Allows you to brainstorm with everyone in your family on reducing and eliminating debt on a regular basis.

4. Allows you to brainstorm with everyone in your family on building and maintaining an emergency savings fund for today’s economy (by the way, we believe that you should have 15 to 18 months of expenses in your emergency savings fund).

If you don’t believe you can save the kind of money your family knows they need, you should read our past blog entries. It is time for us to find a way to take our culture back from the corporations that market to us all the time on how we should have a “healthy amount of debt.”

Are you ready?

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.
All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

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 www.middleclassmoney.com.

Thank you for reading our blog and good luck!…

Getting Your Family Safely Through This Economic Mess

Debt is out of control. Bankers have run for cover. Credit is super tight and the economy is barely moving.

How does your family get ahead?

With the economy slipping and the employment situation stuck in neutral, you have to be smart about your family. If you have a job today, you must be putting away a percentage of your after-tax income.

20% of your after tax income with each paycheck should be going to emergency savings until you have 15 to 18 months of expenses in your emergency savings. However, that may be a giant stretch for you in the beginning.

We have already entered the deleveraging era. Big and small businesses are moving to push off debt. Households are going into foreclosure. People are cutting expenses by route of stopping payments and more.

If you don’t have a plan to save regularly, let us help you.

Start with our “1% Savings Plan.”

How does it work?

The next time you get paid, multiply your after-tax paycheck by 1%. That’s X .01.

Almost anyone can afford to save 1%.

krize-50228ba578e12Take that amount of money and let that be the first thing you spend money on with this paycheck. Put that 1% of your after tax paycheck in actual savings. Then, the next time you get paid multiply your after tax paycheck by .02. Put that amount in savings. Each time you get paid after that, add another .01. The third time you get paid after you begin this plan, you will take 3% of your after-tax pay and put it in savings before you do anything else with your pay. Continue to do this until you reach .20.

Next you want to put your family at the kitchen table and review your spending over the last six months. Be honest with yourself about money you spend on bills and on spending that you could do without. Make it your family goal to reduce your spending going forward by 12 – 15%. Involve everyone in brainstorming how you can do it.

After that, you will want to see past blog entries here and our other blog at www.BoostMyWealth.Wordpress.com relating to reducing your bills. We show you how you can look at every bill you receive at your house and work with the companies to reduce the expense of those bills while being open about their suggestions on bundling or service reductions that allow you to save 10 – 15% of what you spend on bills. But when you save 10 – 15%, put that amount in savings (and make it the first “bill” you pay every single month. If you make it a bill, you will have steady savings. Between this and the “1% Savings Plan,” your family can really begin putting away money for emergencies – like losing a job or about 100 other things that can get between your family and the economy.

You – and your family – can do this!

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.
All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

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 www.middleclassmoney.com.

Thank you for reading our blog and good luck!…

Easy To Spend, Easy To Save

What are the ways you can save money?

You can save using coupons or coupon codes FOR THE THINGS YOU NEED. If you use coupons or coupon codes for things you don’t need, you are PARTICIPATING IN MARKETING. So, make your “shopping list” first. Then – always – go look for coupons or especially coupon codes for the things you are going to purchase ANYWAY.

Finally, take the amount of money you SAVE by using the coupons or coupon codes and add it up. Now, take that amount and remove it from your checking account AS IF YOU SPENT IT on the items you purchased. Put that amount in an actual money market savings account. This is a strong way to build in more savings that you think quickly.

28indian-eco1

If you use a debit card, check with your bank to see if they have a program that rounds up your purchase amounts and puts the “extra” in savings. If they do, enroll. Then, make sure you move the money to a money market savings account where it can earn at least some additional interest.

Be willing and committed to NEGOTIATING for everything as a way of life. Make it a game. Be open-minded. Don’t accept that you “have to purchase X at a specific retailer. This is an open and consumer-driven society. If they won’t negotiate at place Y, go to place X. They can sell you the same thing….often for a little less.

When you save through negotiation, make sure you move the amount you saved from your checking AS IF YOU SPENT IT to purchase the item. Put it in money market savings.

Review your cable bill and your cell phone “package.” Tell them you need to reduce your bill by 12 – 15% (companies do this all the time). Be patient. Tell them you really want to continue to be their customer. Be willing to talk to supervisors. Be nice. Be willing to call back again and again. Take the money you SAVE and put it in ACTUAL MONEY MARKET SAVINGS.

Want more examples? Go to www.boostmywealth.wordpress.com or www.MiddleClassMoney.com.

Remember: If you start to brainstorm with your family about ways to save extra money, YOU WILL FIND EXTRA MONEY TO SAVE. You can do this.

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.
All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

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 www.middleclassmoney.com.

Thank you for reading our blog and good luck!…

The Great Deleveraging Era & What It Means For Your Family

A huge warning has been sounded.

The world has changed.

Everyone saw the great recession, but did you see the debt clock tick, tock? The debt that everyone thought was fine in 2006 now functions like an anchor around everyone’s neck in 2010 and beyond.

shutterstock-36703882-2Companies are hoarding cash. Everyone is looking to flush debt. Companies are begging out of debt, refinancing and doing strange deals with anyone and everyone to deleverage their debt.

The economy continues to limp along. The U.S. Government is “doing into the hole” with the Chinese as the Chinese are purchasing the world. This will all have a long-term impact on what you eventually pay for any debt and it is also likely to impact the quality of goods on the U.S. market. It could further erode the employment picture for Americans and almost certainly ability to have substantial income.

What does the great deleveraging era mean for your family?

Deleveraging is a business word, but you should be doing what companies are doing now. You should be protecting your family.

It means you should be busy before it is….too late.

It means people with large debt will be in more and more trouble as we get into 2011, 2012, 2013 and beyond. It also means that those without debt will be in the drivers’ seat.

It all begins with telling yourself you can and making sure your focus is on PERCENTAGE of your after tax income that you are ACTUALLY saving.

You must begin by saying two things to yourself and your family:

1. We will find a way.
2. We can build savings and wealth – together.

How bad are things for your family?

You can answer that with these important benchmarks:

1. Do you have 15 to 18 months of expenses in emergency savings (money market savings and certificates of deposit)?
2. Are you regularly paying more than the minimums on any credit card debt?

You don’t have to save 15 to 18 months of expenses all at once, but you must get moving.

Over the last 100+ years the U.S. has had the wind at its’ back. This was created by a strong manufacturing and innovation via technology advantage, but the wind is shifting in a hard way.

For perhaps the next 130+ years, Asian counties will have the wind at their back. We will have to be better than we were with the wind at our back and continue to be more innovative in the future, but families will have to reduce and eliminate debt, save regularly and work together to build wealth to sustain a good lifestyle. This could not be more serious – and the time to take consistent action is NOW. Begin.

And you can do this.

If you want to begin with our “1% Savings Plan,” you can do that by checking out the details in past blog entries or at www.MiddleClassMoney.com.

Bring your family together at the kitchen table and begin with brainstorming that will help your family reduce expenses and apply the savings to….you guessed it….savings.

Establish your OWN plan for regularly saving money (and I mean in money market – away from your checking account).

Come back and check out blogs like this one and find additional ways to save $ by using coupons, coupon codes, negotiation and more tactics to help your family. Be willing to look at options for reducing spending and piling on savings. This is the beginning of your comeback.

Less debt = more savings.

More savings = more wealth.

You can do this.

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.

All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

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 …

Smart People Don’t Pay Retail

Rich people don’t pay retail. It’s not a joke.

Bright people don’t get embarrassed by negotiating on price. Smart people don’t overpay. They use tools to get the best deals so they can be rich.

Can you use coupons and save money on purchases? Yes, but here are some rules or guidelines and then some suggested websites for you to review for money saving fun.

Rule number 1: Make your shopping list out first. Then, search for coupons.

Rules number 2: No matter how good the coupon or coupon code, stick to the shopping list.

Rule 3: Always take the percentage you saved using the coupon or coupon code and take that amount directly to savings.

If you follow these three simple rules, you will be shocked at how much you truly can save.

And remember this: the value of coupons is marketing for the business and the savings for you. Don’t get confused about how to use them effectively and who’s side you are on!

Here are some sample websites to get you started researching places that help you save:

www.retailmenot.com

www.mydaily.com

www.parentdish.com

www.couponcabin.com

www.couponchief.com

www.couponsmarter.com

As always, we don’t endorse things. We tell you to do your research. So, get your family together and brainstorm ideas on saving money, using coupons and coupon codes and negotiation (we are big believers in negotiation).

You should be building a proper emergency savings fund for 2010 – 2011. That means you should be building money market savings and certificates of deposit with 15 to 18 months of expenses in liquid reach. This will help you build a true safety net in today’s economic environment for your family. And it has never been more important.

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.
All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

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 www.middleclassmoney.com.

Thank you for reading our blog and good luck!…

Can You Afford It?

Everything in our society is geared toward how you can afford it.

Low payments are the key. If they can just get you to think you can afford it and make it easy, they know you will buy.

But what are you really purchasing?

Life long debt.

Reconsider your life. Think about all the things you have, what you need and your debt. What do you have that is important? Your home? Your car? Check out recommendations on true debt levels on the internet. Remember: These recommendations are likely to be higher than your debt should actually be, but looking at them and calculating the percentage of your after tax income it takes to pay your mortgage or rent and your car note should give you an excellent starting point.

Review all your bills. Look at your spending for the last three (3) months. Put your spending in only these three categories:

Buy-what-you-can-afford

1. Spending I have to spend to live (groceries, et all).

2. Spending I could do without.

3. Bills (that must be paid).

Be honest with yourself.

Ask yourself the most important question: Are you ready to begin an adventure in boosting savings and building wealth on your current after tax income?

Yes, I said it. Start where you are. Begin to build your own plan. Don’t believe you can start where you are? See our past blog entries for our “1% Savings Plan” or check it out at www.MiddleClassMoney.com.

Take a hard line with your bills. Call everyone who sends you a bill. Tell them you are having a difficult time and “want to keep them.” But tell them you need to reduce your expenses 12 – 15%. Ask for a supervisor right away if they give you grief. Be persistent. Call back. Ask for the supervisors’ supervisor. Be patient. Be nice. Ask for help. Be open to their suggestions – as long as it results in a reduction.

Take the money from any reduction and add it to a new spending category. Call it “Essential Bill” and pay it at the first of each month. Take the “essential bill” money and put it in ACTUAL SAVINGS away from your checking account.

Then, come back here and get more suggestions. Why? Because we are at war with the corporate American culture of debt and spending.

We want to be helpful to anyone who wants to put in the work to save regularly. You can do it, too.

TIPS:

You should be saving 15% of your after tax income. If you are not, you need to “make room” by eliminating spending, reducing and then eliminating debt and/or boosting income. And you can. You will be shocked how quickly it can add up.

Your emergency savings in 2010 should be 15 – 18 months of expenses in money market savings and certificates of deposit (FDIC insured). If you start saving regularly – even small amounts – you will be shocked how quickly it can add up.

Your checking account is a MONEY LAUNDERING ACCOUNT for other people’s money. Use any excuse to pull money out and stick it in savings (real savings). You will be shocked how quickly it can add up.

Are you ready? Start right now. Call a family meeting. Time is on your side. We are a consumer society. Take charge because YOU HAVE THE POWER.

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.
All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

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 …

Start Your Plan Now

People always have good intentions. Did you ever notice? We all want to be skinny. We all want to be rich. We all want to achieve.

Most people won’t start.

If you don’t have a steady and regular savings program, you could be in more trouble than you think. However, it is easier to save regularly than you might think and you don’t have to save a huge amount of money to get on the right path. When you save regularly (with each paycheck), savings builds faster than most people think.

I like the saying, “We overestimate what we can do in a year and underestimate what we can do in ten.” Why? Because it shows how easy it is for us to give up. Once you understand that long-term is the only way to focus for higher success, your short-term progress will build faster than you think.

Consumers are pulling back on long-term purchases and the savings rate in the U.S. has gone up quarter after quarter, but it is starting to drop again. Why? Maybe it is like one of those diets where you try to lose (or save) a ton of weight. Doing too much at once causes rebellion.

Here’s the bottom-line:

You don’t have to save so much. You just have to do a steady and regular job of saving money. Start with our “1% Savings Plan” if you want to begin slowly. If you are unfamiliar with this, check it out in previous blogs here or at www.BoostMyWealth.wordpress.com. Or you can check it out at www.MiddleClassMoney.com.

It’s almost 2011. 2011!

Time to BEGIN a regular savings plan for your family.

What if you lose your job? What if you have a health issue? How long would recovery take you in an economy with almost 10% unemployment?

You should work to build 15 to 18 months of expenses in emergency savings today. Don’t have that? Don’t worry. Set goals. Start with our “1% Savings Plan.” Brainstorm with family about ways to save money. Look at every expense and work to reduce it by 12 – 15%. When you get a reduction in a bill, apply the money you “saved” or reduced to a steady savings program.

It will add up faster than you think.

YOU CAN CHOOSE

You can choose to take specific and steady actions to change your life, change the lives of your children and change the future of your family tree. Yes, you have the power yourself.
All the corporations, the private equity companies, crooked politicians and rich people can’t stop you if you really have a systematic plan that starts with regular savings and steady investment along with your regular bills.

If you are willing to take the time with your family to make a plan for reducing and then eliminating debt over time, you can gain more control over your finances and you can teach your children how to become wealthy over time.

If you are willing to make people work for the money you spend with them, you can build savings and then wealth.

These things are within your reach. You just have to start and you have to be encouraged.

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 www.middleclassmoney.com.

Thank you for reading our blog and good luck!…


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