Wednesday, May 15, 2013

Are You Saving Any Money?

Yeah, Prepper Dads Save Money 

Even though the main emphasis of being a prepper is trying to stockpile resources against the day when money could become almost useless, a true prepper dad also tries his best to plan for a more likely future. That is one in which money is still needed, and you face a situation where you need a lot of it.

I was, in fact, a bit alarmed when I saw this article : Americans Aren't Saving Enough For Retirement. 

Can You Set Aside A Buck A Day? 

Have you heard of people who don't have a lot of money but try to just set aside $1 a day no matter what happens? That way they have an emergency cache of cash to tide them over when things get tough. Here's a good plan for setting aside 5 dollars a day for the same reasons.

Do You Have Savings Goals?

One of the most important things you can do is to have any sort of goal. Let's say you just want to save $1,000 for the holiday season by December or make sure you have $500 in a cash account in case you need to buy a new tire or fill a cavity. Of course, a longer term savings goal that many Americans are giving up on is saving enough money for a comfortable and secure retirement.

Here's a free savings calculator you can use to illustrate what some of your goals might be and how long it will take to reach them. You simply enter your goal and the number of years you have to meet your goal. Then enter an assumed interest or return rate and the amount of money you have allocated already for your goal. That amount can be zero. Hit enter, and get back the amount of monthly contributions you need to make in case you fall short.

Boomers Aren't Saving Enough For Retirement - If Anything!

Do you need some more motivation? Look at this dire look at baby boomer retirement savings. Apparently, we aren't saving enough money, and some of us are not saving any! 

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