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12 Rules for Financial Health
Make a Budget
Pay Yourself
Pay Your Mortgage
Get a Credit Report
Save Your Money
Get a Second Job
Have a Cash Reserve in Case of Emergency
Create A Home Business
Put Your Kids on an Allowance
Get Yourself a Lawyer
Make a Will
Don’t Loan Money to Family and Friends – Give It to Them
650financially-fit.jpg

You Can Save the Smart Way, Saving $35 Every Month

Smart saver If savings behavior isn’t changing, consumer attitudes may be. A recent Gallup poll found 62 percent of Americans say they enjoy saving more than spending, while 35 percent reported the reverse. Back in 2006, respondents were split about 50-50 on the question. Moreover, 57 percent say they are spending less money in recent months than they used to, up from 50 percent last July. Among the newly frugal, 38 percent say this spending pattern is the “new normal”, while 19 percent say the budget cuts are temporary.

The poll didn't examine how people are saving, but the latte-by-latte route is being challenged by some. “If you look at the things you spend the most money on, that’s where you can save the most money”, says Elisabeth Leamy, author of the new book “Save Big” and a “Good Morning America” consumer correspondent.
savingsThis chart shows you how much you need to save PER YEAR, PER MONTH, PER WEEK and PER DAY to save 1 YEAR of your annual salary within 7 YEARS.

Together we can make a difference.

How Much Should You Save?
SALARY PER YEAR PER MONTH PER WEEK PER DAY
$5,000 $714 $60 $14 $1.96
$10,000 $1,429 $119 $27 $3.91
$15,000 $2,143 $179 $41 $5.87
$20,000 $2,857 $238 $55 $7.83
$25,000 $3,571 $298 $69 $9.78
$30,000 $4,286 $357 $82 $11.74
$35,000 $5,000 $417 $96 $13.70
$40,000 $5,714 $476 $110 $15.66
$45,000 $6,429 $536 $124 $17.61
$50,000 $7,143 $595 $137 $19.57
$55,000 $7,857 $655 $151 $21.53
$60,000 $8,571 $714 $165 $23.48
$65,000 $9,286 $774 $179 $25.44
$70,000 $10,000 $833 $192 $27.90
$75,000 $10,714 $893 $206 $29.35
$80,000 $11,429 $952 $220 $31.31
$85,000 $12,143 $1,012 $234 $33.27
$90,000 $12,857 $1,071 $247 $35.23
$95,000 $13,571 $1,131 $261 $37.18
$100,000 $14,286 $1,190 $275 $39.14
$125,000 $17,857 $1,488 $343 $48.92
$150,000 $21,429 $1,786 $412 $58.71
$200,000 $28,571 $2,381 $549 $78.28
$250,000 $35,714 $2,976 $687 $97.85
$300,000 $42,857 $3,571 $824 $117.42
$350,000 $50,000 $4,167 $962 $136.99