Speech On Save Money

People are not being able to save because they are putting their wants in place of their needs. Saving money is one of the hardest things to do. First they need to develop a budget to be in control of where their money is going. One should record their monthly expenses, and any money saved for the month put away for emergencies. Today, people are making more money than ever before and still living paycheck to paycheck. Developing a budget will get one accustomed to living within their means and will open up more money for saving.

The author of this book, Dave Ramsey, is a man who has gone through many struggles in his life. Throughout his book he talks about the times when he went bankrupt and couldn’t provide for his family. Dave Ramsey sat down and wrote a plan on how to be smart with your money. Ramsey says, “The principles are not mine. I stole them all from God and your grandmother” (xi). He talks about how these are not new ideas and that these are not theories because they are proven to work every single time. The central concept of this book is to help people succeed in life with money but also their personal relationships. Ramsey wants to give people hope and happiness by playing a small role in their financial freedom.

 Answer: regular savings is for standard savings account; it’s good if you’re just started saving up. Personal savings is if you want to earn more interest with your balance account.

You should talk to the bank about how safe your money is and the access you have to it at all times. Also you should talk to them about who would be able to see and get a hold of your money.

Things can change so easily in life and it 's impossible to know what is going to come your way. Emergencies or large expenses may come up and you want to be as prepared as

But many people still end up spending all their income and leaving themselves with no savings. With regards to this, Mr.Chilton has a very simple solution, “Save first. Spend the rest.”(Chilton 76). I agree with his lesson to save first as saving first and then spending will make sure you won’t end up spending everything. A similar hypothetical situation would be that you have an assignment due tomorrow but you want to play some video games. In this scenario, it would be wise to finish the assignment first because it is the most important and then play video games with your remaining time. Saving is the same; it is the most important to you need to save first. It doesn’t matter how you save, just save. You can use “Payroll deduction, automatic withdrawal, pre-authorized chequing”(Chilton 77), just save first. As well, you have to save right now and “not in a few months when you’re hoping to finally have time to craft a financial plan(Chilton 77)”. When I get a part-time job in the summer, I will start an automatic savings plan with Tangerine in which Tangerine will deduct money to put into my savings every time I get my pay cheque. This way, I’ll definitely save some of my money before I

There are many different ways to save money and there are different things to save for. A savings plan for an immediate want is apparently different than a savings strategy for retirement. One may choose to select stocks, bonds, or mutual funds for a savings strategy, however, my personal choice is to invest in bonds first, then mutual funds.

Economic knowledge is very important to have, especially in modern America. Dave Ramsey, a speaker, and guide for the public helps better educate on the importance of money and how it works. From a series of videos by Dave Ramsey, he brought to my attention a few important parts of saving. One of them is to always pay with cash. Another being avoiding acceptance of loans. Lastly, Ramsey hammered in the idea of always looking for opportunities to save money. These three points stood out to be most important to me.

I would like to increase the amount of money in my savings account. The first step will be to increase the amount that I have automatically going into my savings each month. The second step will be to use coupons more often, and the discount that I received from using the coupons will be placed into my savings account. The third will be to place all loose coins in a container or jar that I receive from purchases. Once the container becomes full, I will deposit the money into my savings account and start over. I will start tracking my spending to determine what areas I can decrease in spending and deposit that money into my savings.

3. Begin with 3% of your pay going into retirement savings. Each raise/promotion you get increase it by 1% until you have reached your employer’s maximum match rate. Then add the 1% into an IRA until you have reached the percentage that results in your desired retirement account.

How to properly manage money is something that should be taught to young people because it is a very important asset in everyday life. “Total consumer debt in the United States stands at nearly $2.6 trillion dollars. That works out to be nearly $8,500 in debt for every man” (Anderson). Many times teenagers are known for “throwing away” their money by spending it on unnecessary things. This is something that could easily be avoided if students were taught the proper techniques on saving and spending money. There are many different skills that students could learn if personal finance was taught in the school system. Managing money is one of those very important skills and would help to lessen the number of young people spending irresponsibly instead of

Make a savings plan. Those with a savings plan are twice as likely to save successfully. That's where America Saves comes in. If you take the America Saves Pledge, we'll help you set a goal and make a plan. And it doesn’t stop there. America Saves will keep you motivated with information, advice, tips, and reminders to help you reach your savings goal. Think of us as your own personal support system. Take the America Saves Pledge here.

Saving money is an important part of your financial health. The more you save, the more you can feel at ease whenever a rainy day might hit. You cannot predict the future but you can prepare for it. If you prepare now, your future self will thank you. But how can you save if you have so many bills and only one stream of income? Here are some tips you can use to rack up that account with a single income.

You are less likely to make bad financial decisions. I am sure no one wants to let the lack of money cause them to make bad decisions. No knee-jerk reactions required if funds are set in reserve. Read about finances, save, then invest. When you know better you do better.

Money is a precious thing and it can become challenging to not spend it immediately after getting it. It is crucial that this does not happen. There is no denying that money is an important part of society. The world revolves around money and without it, one? would not be able to function. In everyday life the average household will spend one hundred and sixty dollars daily. It is safe to say that money is an resource used daily. It is a tool that can be used to connect with other people or buy anything a person could want or need. Yet it is easy to spend money without realizing how much is really being spent. With only a few simple tips it will become much easier to save money instead of spending it on frivolous things. One’s hard-earned dollar should be saved, and simple tips such as using cash instead of cards, saving small change and only purchasing what one really needs are a few of many ways of doing this. The power of money can easily be abused and it is very important to make sure that a person is well informed on ways to save and spend money wisely.