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Welcome to the
Military Families Learning Network Webinar:
Saving Strategies for Non-Savers
A	
  few	
  days	
  aPer	
  th...
Welcome to the
Military Families Learning Network Webinar:
Savings Strategies for Non-Savers
www.eXtension.org/militaryfam...
Additional Resources Available
https://learn.extension.org/events/1426
Today’s Speaker
Dr. Barbara O’Neill, financial
resource management specialist for
Rutgers Cooperative Extension, has
been ...
Saving Money: Savings
Strategies for Non-Savers
https://learn.extension.org/events/1426

Barbara O’Neill, Ph.D., CFP®, AFC...
“Street Cred”

Published in 1994; still available online
http://www.amazon.com/Saving-Shoestring-ExpensesReduce-Stash/dp/0...
Week
A national social marketing campaign designed
to build a culture of savings in America as a core
component of financi...
Savings Coat of Arms
•  TR- Places where I save money…
•  TL- Obstacles to saving money…
•  Middle- A personal savings goa...
Question #1
Would you please share a section or
two from your Savings Coat of Arms?
Saving is an Important Part of
the Financial Planning Process
Three Keys
To Successful Saving
Set a Goal….

SMART Goals
Specific
Measurable
Achievable
Realistic
Time Bound
Make Progress Toward SMART
Financial Goals
•  Short-term goals (< 3 years)
•  Intermediate-term goals (3-10 years)
•  Long...
Examples of SMART Goals
•  Save $2,600 for a down payment on a
car by saving $50 a week for one year.
•  Reduce credit car...
Financial Goal-Setting
Worksheet
http://njaes.rutgers.edu/money/pdfs/goalsettingworksheet.pdf
1
Goals

Short-Term (under 3...
Then Do the Math!
•  Approximate amount needed
•  Number of months to save
•  Divide number of months into goal amount
•  ...
Start Early…Small Amounts Add Up!

http://www.dinkytown.net/java/
CompoundSavings.html
18
Make a Plan….
Track Income and Expenses
•  Income: money that is received
•  Expenses: payments that are made
•  Fixed exp...
Save Automatically….
“Pay Yourself FIRST!”
• Pre-authorized deposit to savings or
investment account
• Pre-authorized tran...
Question #2
How do you save automatically and/or
encourage others to save?
Definition of Savings
“Setting money aside from present
earnings to provide for the future.”
Types of Savings
•  Emergency fund (3-6 months expenses…or more)
–  About half (49%) of Americans have 3 months’ expenses ...
Saving vs. Investing
•  Saving

•  Investing

–  Provides money for short- –  Accumulates money for
long-term goals
term g...
The Rule of 72
Source: Garman/Forgue, PERSONAL FINANCE, Fifth Edition
Reasons To Save
•  To cope with emergencies
•  To purchase “big ticket” items
•  To fund high-cost future goals
•  To gene...
Why People Don’t Save
•  Overspending and outstanding debt
•  No goal or plan
•  Lack knowledge about how/where to save
• ...
15 Ways to Save
Money
1. Collect Coins
•  Something that many people do
•  Many banks and credit unions have free
coin-counting machines for acc...
2. Anticipate Extra Paychecks
•  Paid weekly: 4 months with 5 paydays
•  Paid weekly: 2 months with 3 paydays
•  Mark payd...
3. Automated Employer
Retirement Savings Plans
•  401(k) Plans- Corporations
•  403(b) Plans- Schools, colleges, non-profi...
4. Other Automated Saving
Opportunities
•  Direct deposit of paycheck
•  Mutual fund AIPs (automatic investment programs)
...
5. Continue Paying a Loan or
Bill: To Yourself
•  Continue making monthly payments- to savings- after a loan
or expense en...
6. Accelerate Debt Repayment
•  Always pay more than minimum payment
•  Get PowerPay analysis from www.powerpay.org
7. Track and Slash Expenses
•  Write down everything you/family spend
•  Get monthly total for all categories
•  Study num...
Spending Plan Leaks
Question #3
Have you tracked your own expenses?
If so, what did you learn about your
spending habits?
Improving Cash Flow
•  Relationship between income and expenses
–  Positive cash flow
–  Negative cash flow

•  Three sust...
Ways to Increase Income
•  Adjust tax withholding/tax benefits (EITC)
•  Add a second job or work overtime
•  Start a smal...
Ways to Reduce Expenses
•  Housing
•  Food
•  Transportation
•  Clothing
•  Utilities
•  Other expenses
See http://pubs.ex...
Assess Spending Plan (Budget)
•  List after-tax sources of income
•  List expenses
–  Fixed (including revolving savings)
...
Spending Plan Worksheets
•  Excel Spreadsheet:
http://njaes.rutgers.edu/money/#resources
•  Downloadable printed worksheet...
8. Bank Windfalls
(a.k.a., “Found Money”)
•  Retroactive pay
•  Gambling proceeds
•  Tax rebates
•  Gifts and inheritances...
9. “Kick It Up a Notch”
•  Whatever you’re doing to save, do more
–  Example: 3% of pay in 401(k) instead of 2%
–  $2 a da...
10. Increase Yields on Savings
•  Interest rates are extremely low
•  Expected to remain so through 2014-2015
•  Higher-yi...
11. Reinvest Cash Distributions
•  Dividends and capital gains on
–  Mutual funds
–  Stock purchases

•  Check appropriate...
12. “Installment Plan” IRAs
•  Don’t need to save contribution all at once
•  Simply need to meet minimum of IRA custodian...
13. Take Advantage of “Free Money”
•  Employer 401(k) or 403(b) match
•  Tax credit for low income savers
–  50% singles <...
14.Take Advantage of CatchUp Contributions
•  Extra amounts for persons age 50+ to save
in tax-deferred retirement savings...
15. Reinvest Lump Sum Payouts
•  EBRI Study: Even small payouts add up!
–  $5,000 distribution at 25, 35, 45, 55
–  8% ret...
Question #4
Can you think of any other savings
strategies for non-savers?
Seeing the Possibilities is Key
•  Bankrate.com Savings Goal Calculator:
http://www.bankrate.com/calculators/savings/
savi...
EBRI: What $20 a Week in
Savings Adds Up To:
•  5% Return:

•  10% Return:

–  20 Years: $36,100

–  20 Years: $65,500

– ...
Family Communication is Key
•  Rutgers study of Extension MONEY 2000
participants in NJ and NY
•  Asked “What challenges y...
Experiencing Success is Key
•  Saving Challenges
–  America Saves Challenge: http://goo.gl/kgYWXo

•  Savings “Lotteries”
...
Personality Characteristics Are
Key: Organization and Planning
CFA Research: Having a savings plan with
specific goals can...
Automation is Key
•  Direct deposit of paycheck
•  Saving in employer credit union
•  Checking to savings account transfer...
Question #5
What other factors help people
become successful savers?
Resources for Savers
•  Choose to Save/ASEC:
http://www.choosetosave.org/
•  America Saves: http://www.americasaves.org/
•...
Every Small Step Makes a Difference

http://njaes.rutgers.edu/sshw/
What People Think About, They Bring About!
Promote Saving and America
Saves Enrollment
America Saves Video #1: Saving Money with America Saves
http://www.youtube.com...
Video Outreach to Service Members
•  Saving Money With Military Saves:
http://www.youtube.com/watch?v=E0HqKb1xx5k
•  Savin...
Question #6
Can you think of any other good
resources to help non-savers save?
Turn Your Dreams to Reality
First Steps
•  Commit to saving regularly
•  Pay down debt
•  Set aside and adequate emergency fund
•  Do a retirement sav...
America Saves Week
Co-coordinated by America Saves and
the American Savings and Education Council.

A national initiative ...
Celebrate America Saves
Week: Take the Pledge
Become an American Saver today!
http://www.americasaves.org
http://www.ameri...
Make It Personal: Write
Down Your Savings Goal
•  Download the poster:
http://www.americasavesweek.org/forindividuals/pict...
Closing Thoughts
“If saving money is wrong, I don’t want to be
right”- William Shatner
“If you would be wealthy, think of ...
Questions? Comments
Experiences?
Upcoming Webinar: Tuesday, Feb. 27, 11
a.m. ET: Saving Money: Research Insights
https://l...
Continue the Conversation
•  Find the Personal Finance Team online
–  Facebook: PersonalFinance4PFMs
–  Twitter: #MFLN
–  ...
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Savings Strategies for Non-Savers

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Dr. Barbara O'Neill presents savings strategies for clients who are new to saving money or need help finding money to save.

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Savings Strategies for Non-Savers

  1. 1. Welcome to the Military Families Learning Network Webinar: Saving Strategies for Non-Savers A  few  days  aPer  the  presenta6on,  we  will  send  an  evalua6on  and  links  to  an  archive   and  resources.       We  appreciate  your  feedback.    To  receive  these  emails,  please  enter  your  email   address  in  the  chat  box  before  we  start  the  recording.     Once  we  start  the  recording,  all  chat  will  be  recorded  and  archived.   This  material  is  based  upon  work  supported  by  the  Na6onal  Ins6tute  of  Food  and  Agriculture,  U.S.  Department  of  Agriculture,     and  the  Office  of  Family  Policy,  Children  and  Youth,  U.S.  Department  of  Defense  under  Award  No.  2010-­‐48869-­‐20685.    
  2. 2. Welcome to the Military Families Learning Network Webinar: Savings Strategies for Non-Savers www.eXtension.org/militaryfamilies     facebook.com/militaryfamilies     blogs.eXtension.org/militaryfamilies     twi[er.com/MilFamLN     bit.ly/MFLNwebinars     To  receive  no6fica6ons  of  future  webinars  and  other  learning  opportuni6es  from  the   Military  Families  Learning  Network,  sign  up  for  the  Military  Families  Learning  Network   Email  Mailing  list  at:  h"p://bit.ly/MFLNlist   This  material  is  based  upon  work  supported  by  the  Na6onal  Ins6tute  of  Food  and  Agriculture,  U.S.  Department  of  Agriculture,     and  the  Office  of  Family  Policy,  Children  and  Youth,  U.S.  Department  of  Defense  under  Award  No.  2010-­‐48869-­‐20685.    
  3. 3. Additional Resources Available https://learn.extension.org/events/1426
  4. 4. Today’s Speaker Dr. Barbara O’Neill, financial resource management specialist for Rutgers Cooperative Extension, has been a professor, financial educator, and author for 35 years. She has written over 1,500 consumer newspaper articles and over 125 articles for academic journals, conference proceedings, and other professional publications. She is a certified financial planner (CFPÒ), chartered retirement planning counselor (CRPCÒ), accredited financial counselor (AFC), certified housing counselor (CHC), and certified financial educator (CFEd).
  5. 5. Saving Money: Savings Strategies for Non-Savers https://learn.extension.org/events/1426 Barbara O’Neill, Ph.D., CFP®, AFC, CHC Rutgers Cooperative Extension oneill@aesop.rutgers.edu
  6. 6. “Street Cred” Published in 1994; still available online http://www.amazon.com/Saving-Shoestring-ExpensesReduce-Stash/dp/0793111188
  7. 7. Week A national social marketing campaign designed to build a culture of savings in America as a core component of financial stability
  8. 8. Savings Coat of Arms •  TR- Places where I save money… •  TL- Obstacles to saving money… •  Middle- A personal savings goal… •  BR- The best way that I save money… •  BL- Advantages of saving money...
  9. 9. Question #1 Would you please share a section or two from your Savings Coat of Arms?
  10. 10. Saving is an Important Part of the Financial Planning Process
  11. 11. Three Keys To Successful Saving
  12. 12. Set a Goal…. SMART Goals Specific Measurable Achievable Realistic Time Bound
  13. 13. Make Progress Toward SMART Financial Goals •  Short-term goals (< 3 years) •  Intermediate-term goals (3-10 years) •  Long-term goals (> 10 years) Match savings and investments to financial goal time frame •  Money market account for emergency fund •  Stock index fund for retirement in 30 years
  14. 14. Examples of SMART Goals •  Save $2,600 for a down payment on a car by saving $50 a week for one year. •  Reduce credit card debt by paying an extra $15 a month (above the minimum payment) for twelve months.
  15. 15. Financial Goal-Setting Worksheet http://njaes.rutgers.edu/money/pdfs/goalsettingworksheet.pdf 1 Goals Short-Term (under 3 years) Medium Term (3-10 years) Long-Term (10 or more years) 2 Approximate Amount Needed 3 Month & Year Needed 4 Number of Months to Save 5 Date to Start Saving 6 Monthly Amount to Save (2-4)
  16. 16. Then Do the Math! •  Approximate amount needed •  Number of months to save •  Divide number of months into goal amount •  Try to automate savings Example: $15,000 goal divided by 48 months = $312.50 per month to save
  17. 17. Start Early…Small Amounts Add Up! http://www.dinkytown.net/java/ CompoundSavings.html
  18. 18. 18
  19. 19. Make a Plan…. Track Income and Expenses •  Income: money that is received •  Expenses: payments that are made •  Fixed expenses are payments that must be made each month and the amount stays the same. •  Flexible expenses vary in amount depending upon your choices. •  Occasional or periodic expenses occur less often than monthly
  20. 20. Save Automatically…. “Pay Yourself FIRST!” • Pre-authorized deposit to savings or investment account • Pre-authorized transfer to savings account from checking account
  21. 21. Question #2 How do you save automatically and/or encourage others to save?
  22. 22. Definition of Savings “Setting money aside from present earnings to provide for the future.”
  23. 23. Types of Savings •  Emergency fund (3-6 months expenses…or more) –  About half (49%) of Americans have 3 months’ expenses saved; 27% have no savings; 24% have at least 6 months –  http://www.usnews.com/news/articles/2013/06/24/survey-more-than-one-quarter-ofamericans-have-no-emergency-savings •  “No-touch” money for long-term goals •  Savings for short/intermediate term goals •  “Accumulation fund” for large, irregular bills
  24. 24. Saving vs. Investing •  Saving •  Investing –  Provides money for short- –  Accumulates money for long-term goals term goals and emergencies –  Higher average return that cash assets –  “Parking place” historically –  Principal is “safe” –  Can lose principal –  Low risk –  Volatility of account value –  Low reward –  Potential for capital appreciation (stock) –  “Seed money” for investing
  25. 25. The Rule of 72 Source: Garman/Forgue, PERSONAL FINANCE, Fifth Edition
  26. 26. Reasons To Save •  To cope with emergencies •  To purchase “big ticket” items •  To fund high-cost future goals •  To generate income •  For security and peace of mind •  For the good of the country
  27. 27. Why People Don’t Save •  Overspending and outstanding debt •  No goal or plan •  Lack knowledge about how/where to save •  High cost of living •  Lack of motivation
  28. 28. 15 Ways to Save Money
  29. 29. 1. Collect Coins •  Something that many people do •  Many banks and credit unions have free coin-counting machines for account holders •  Avoid paying a fee to count your own money •  “Kick it up a notch”: $1 a day plus change •  Use see-through containers for motivation
  30. 30. 2. Anticipate Extra Paychecks •  Paid weekly: 4 months with 5 paydays •  Paid weekly: 2 months with 3 paydays •  Mark paydays on calendar •  Use “extra” money to: –  Reduce debt –  Save
  31. 31. 3. Automated Employer Retirement Savings Plans •  401(k) Plans- Corporations •  403(b) Plans- Schools, colleges, non-profits •  Section 457 Plans- State/local government •  TSP- Service members/federal government
  32. 32. 4. Other Automated Saving Opportunities •  Direct deposit of paycheck •  Mutual fund AIPs (automatic investment programs) •  Direct stock purchase plans •  Treasury Direct plan for U.S. Savings bonds •  Credit union •  Holiday clubs •  Other?
  33. 33. 5. Continue Paying a Loan or Bill: To Yourself •  Continue making monthly payments- to savings- after a loan or expense ends –  Car loan –  Mortgage –  Child care •  Does not affect lifestyle •  Don’t feel “deprived”
  34. 34. 6. Accelerate Debt Repayment •  Always pay more than minimum payment •  Get PowerPay analysis from www.powerpay.org
  35. 35. 7. Track and Slash Expenses •  Write down everything you/family spend •  Get monthly total for all categories •  Study numbers and identify “leaks”
  36. 36. Spending Plan Leaks
  37. 37. Question #3 Have you tracked your own expenses? If so, what did you learn about your spending habits?
  38. 38. Improving Cash Flow •  Relationship between income and expenses –  Positive cash flow –  Negative cash flow •  Three sustainable ways to improve cash flow –  Increase household income –  Decrease household expenses –  Do both
  39. 39. Ways to Increase Income •  Adjust tax withholding/tax benefits (EITC) •  Add a second job or work overtime •  Start a small business •  Increase/collect child support/alimony •  Access public benefits •  Sell assets •  Upgrade job skills •  Charge adult children room & board •  Bartering •  Other?
  40. 40. Ways to Reduce Expenses •  Housing •  Food •  Transportation •  Clothing •  Utilities •  Other expenses See http://pubs.ext.vt.edu/354/354-155/354-155.html
  41. 41. Assess Spending Plan (Budget) •  List after-tax sources of income •  List expenses –  Fixed (including revolving savings) –  Variable –  Irregular (periodic) •  Compare budgeted amount with actual amount •  Adjust as necessary
  42. 42. Spending Plan Worksheets •  Excel Spreadsheet: http://njaes.rutgers.edu/money/#resources •  Downloadable printed worksheet: http://njaes.rutgers.edu/money/pdfs/ fs421worksheet.pdf
  43. 43. 8. Bank Windfalls (a.k.a., “Found Money”) •  Retroactive pay •  Gambling proceeds •  Tax rebates •  Gifts and inheritances •  Insurance dividends •  Other? Check www.missingmoney.com for state unclaimed property
  44. 44. 9. “Kick It Up a Notch” •  Whatever you’re doing to save, do more –  Example: 3% of pay in 401(k) instead of 2% –  $2 a day plus change instead of $1 a day –  $100 EE bond instead of $50 EE bond •  Best times to do: –  When expenses end –  When income increases
  45. 45. 10. Increase Yields on Savings •  Interest rates are extremely low •  Expected to remain so through 2014-2015 •  Higher-yielding alternatives: –  Credit union share accounts –  CDs (laddered purchases) –  U.S. savings bonds –  Treasury notes –  Money market mutual funds –  Short-term bond funds (increased chance of volatility)
  46. 46. 11. Reinvest Cash Distributions •  Dividends and capital gains on –  Mutual funds –  Stock purchases •  Check appropriate box on application form •  Painless way to “grow your money”
  47. 47. 12. “Installment Plan” IRAs •  Don’t need to save contribution all at once •  Simply need to meet minimum of IRA custodian •  Can fund with- or like- a holiday club –  50 weeks x $10 = $ 500 –  50 weeks x $20 = $ 1,000 –  50 weeks x $40 = $ 2,000 –  50 weeks x $60 = $ 3,000 –  50 weeks x $80 = $ 4,000
  48. 48. 13. Take Advantage of “Free Money” •  Employer 401(k) or 403(b) match •  Tax credit for low income savers –  50% singles < $18,000; mfj < $36,000 AGI –  20% singles: $18,001-$19,500 mfj: $36,001-$39,000 –  10% singles: $19,501-$30,000 mfj: $39,001-$60,000 •  50% credit means half of deposit is paid for by government
  49. 49. 14.Take Advantage of CatchUp Contributions •  Extra amounts for persons age 50+ to save in tax-deferred retirement savings plans –  IRAs: Extra $1,000 for a maximum of $6,500 –  Employer plans: Extra $5,500 for a maximum of $23,000 •  Can result in tens of thousands more by 65
  50. 50. 15. Reinvest Lump Sum Payouts •  EBRI Study: Even small payouts add up! –  $5,000 distribution at 25, 35, 45, 55 –  8% return –  Almost $200,000 at 65 if all 4 distributions are rolled over into tax-deferred accounts –  If age 25 lump sum is cashed out, only $84k •  Research shows small sums more likely to be cashed out and spent
  51. 51. Question #4 Can you think of any other savings strategies for non-savers?
  52. 52. Seeing the Possibilities is Key •  Bankrate.com Savings Goal Calculator: http://www.bankrate.com/calculators/savings/ savings-goal-calculator-tool.aspx •  FINRA Savings Calculator: http://apps.finra.org/calcs/1/savings •  Council for Economic Education Compound Interest Calculator: http://www.econedlink.org/interactives/ index.php?iid=2&type=educator
  53. 53. EBRI: What $20 a Week in Savings Adds Up To: •  5% Return: •  10% Return: –  20 Years: $36,100 –  20 Years: $65,500 –  30 Years: $72,600 –  30 Years: $188,200 –  40 Years: $131,900 –  40 Years: $506,300 See http://www.ebri.org/pdf/ surveys/rcs/ 2002/02rcssof.pdf
  54. 54. Family Communication is Key •  Rutgers study of Extension MONEY 2000 participants in NJ and NY •  Asked “What challenges you the most in making progress toward your financial goals?” •  Children/family listed by 11.5% of sample •  Need to teach communication skills –  Example: Money “I” messages; “I feel stressed out when we charge more than $200 a month on credit cards”
  55. 55. Experiencing Success is Key •  Saving Challenges –  America Saves Challenge: http://goo.gl/kgYWXo •  Savings “Lotteries” –  http://saveyourrefund.com (Save Your Refund) –  http://www.d2dfund.org/ (D2D Fund) –  http://ne.savetowin.org/ (Save to Win; credit unions) •  IDA Programs –  http://cfed.org/programs/idas/directory_search/ (CFED IDA Program Search) •  “The $11 Savings Story”
  56. 56. Personality Characteristics Are Key: Organization and Planning CFA Research: Having a savings plan with specific goals can have beneficial effects, even for lower-income families. Those with a savings plan are much more likely to: •  spend less than their income and save the difference •  have adequate emergency savings http://njcfe.org/wp-content/upLoads/2012/02/asw2012pr.pdf
  57. 57. Automation is Key •  Direct deposit of paycheck •  Saving in employer credit union •  Checking to savings account transfers •  Checking to mutual fund or stock transfers •  Automated tax refund savings deposits with Form 8888 •  Other?
  58. 58. Question #5 What other factors help people become successful savers?
  59. 59. Resources for Savers •  Choose to Save/ASEC: http://www.choosetosave.org/ •  America Saves: http://www.americasaves.org/ •  Ballpark Estimate (Calculator): http://www.choosetosave.org/ballpark/ •  Save and Invest (FINRA): http://www.saveandinvest.org/ •  Save and Invest Military Center: http://www.saveandinvest.org/MilitaryCenter/
  60. 60. Every Small Step Makes a Difference http://njaes.rutgers.edu/sshw/ What People Think About, They Bring About!
  61. 61. Promote Saving and America Saves Enrollment America Saves Video #1: Saving Money with America Saves http://www.youtube.com/watch?v=yChFVQvzOGc America Saves Video #2: Saving Money on a Tight Budget http://www.youtube.com/watch?v=FV0Ib07WXOM America Saves Video #3: Set a Goal http://www.youtube.com/watch?v=1bc8VmugNE4 America Saves Video #4: Make a Plan http://www.youtube.com/watch?v=1KWyCQz91N8 America Saves Video #5: Save Automatically http://www.youtube.com/watch?v=4bhJ0ck2qSA America Saves Video #6: The America Saves Challenge http://www.youtube.com/watch?v=7UZPZUcwvww
  62. 62. Video Outreach to Service Members •  Saving Money With Military Saves: http://www.youtube.com/watch?v=E0HqKb1xx5k •  Saving Money in the Thrift Savings Plan: http://www.youtube.com/watch?v=SDY0Cc4kqZQ •  Debt-to-Income Ratios: http://www.youtube.com/watch?v=loV5ff8rt5o •  Credit Reports: http://www.youtube.com/watch?v=bUXvc-jyrsk Plus 6 other videos at http://www.youtube.com/user/moneytalkBMO
  63. 63. Question #6 Can you think of any other good resources to help non-savers save?
  64. 64. Turn Your Dreams to Reality
  65. 65. First Steps •  Commit to saving regularly •  Pay down debt •  Set aside and adequate emergency fund •  Do a retirement savings calculation •  Save until it “hurts”
  66. 66. America Saves Week Co-coordinated by America Saves and the American Savings and Education Council. A national initiative designed to encourage and assist Americans, especially lower-income households, to start saving and build wealth Thousands of local partners including: § FDIC § Jump$tart Coalition for Personal Financial Literacy § Department of Defense § Cooperative Extension § CUNA § Federal Reserve Board § Social Security Administration § Many others America Saves is managed by the Consumer Federation of America
  67. 67. Celebrate America Saves Week: Take the Pledge Become an American Saver today! http://www.americasaves.org http://www.americasaves.org/for-savers/savingstools-and-resources/pledge
  68. 68. Make It Personal: Write Down Your Savings Goal •  Download the poster: http://www.americasavesweek.org/forindividuals/picture-your-savings-goal •  Write your savings goal •  Take a picture •  Post it online and at home
  69. 69. Closing Thoughts “If saving money is wrong, I don’t want to be right”- William Shatner “If you would be wealthy, think of saving as well as getting”- Ben Franklin “If it is to be, it is up to me”
  70. 70. Questions? Comments Experiences? Upcoming Webinar: Tuesday, Feb. 27, 11 a.m. ET: Saving Money: Research Insights https://learn.extension.org/events/1442 Please complete the webinar evaluation form and CEU request form
  71. 71. Continue the Conversation •  Find the Personal Finance Team online –  Facebook: PersonalFinance4PFMs –  Twitter: #MFLN –  LinkedIn: Military Personal Finance Managers Group

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