According to Project C.A.S.H., one-half of American households have accumulated less than $1,000 in net financial assets. This alarming statistic is suggestive of the financial vulnerability that 50% of Americans find themselves caught up in. With financial difficulties rated at the top of the list as catalysts for relationship deterioration, there is never a better time to start a savings plan than right now. Your financial future, as well as the success of your future interpersonal relationships, depend on it. Here are some suggestions for starting and maintaining a nest egg:
Time is on your side when you decide to save money. The sooner you start your savings plan, the more time you have to grow your nest egg. Having a solid saving plan can benefit your life in a myriad of ways. Money in the bank creates peace of mind and a feeling of stability and security in your life. Savings can prevent you from going into debt when life’s little emergencies happen. I once heard a wise person say, “Money won’t buy you happiness. But, it sure takes away that nervous feeling at the end of the month!”
Go call your payroll department!
Tools & Articles
College Life With a Budget Article
Family Budget Planning Template
Mapping Your Future Budget Calculator
Mapping Your Future Basic Savings Calculator
Check out the video above for a 90-second overview of the financial tools at Mint.com. This website is amazing, free and easy to use.