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http://www.checkworks.com/ | Many Americans want to save more money but don’t know how. Learn the facts about the spending and saving habits of Americans and six easy tips that you can start applying to your money management routine right away.
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HaveA LittleMoreInTheBank 6EasyWaysto ManageYourMoney
FACT:ManyAmericanswouldliketohavealittlemoremoneyinthebankattheendofeachmonth.FACT:ManyAmericanswouldliketohavealittlemoremoneyinthebankattheendofeachmonth. REAL-LIFEAPPLICATION: Onthenextfewpages,you’lllearnsixeasytipsthatyoucanstartapplyingtoyourmoneymanagementroutinerightaway.
BeACouponBetty FACT:Americanssavednearly5billiondollarsin2013byusingcoupons.1 REAL-LIFEAPPLICATION:Aneasywaytogetapieceofthat5-billion-dollarpieistosignupforsavingsprogramsthatwillautomaticallysendcouponsrelevanttoyoustraighttoyouremailorcellphone.
AlwaysHaveAList FACT:TheaverageAmericanspends$281amonthonfoodand$35onpersonalcare.2 REAL-LIFEAPPLICATION: Alwaysmakealistwhenheadingtoastore–andnevergogroceryshoppinghungry!
SoundInvesting FACT:TheaverageAmericanfamilyhas$35,000 savedforretirement.3 REAL-LIFEAPPLICATION:Talktoafinancialadvisorifyoudonotcurrentlyhaveadiversifiedinvestmentportfoliothatcouldinclude:stocks,commodities,bonds,andmutualfunds.
TrackYourSpending FACT:TheaverageAmericanspends$121amonthonclothingand $191onrecreation.2 REAL-LIFEAPPLICATION: Writedowneverythingyoupurchase–asimplewaytokeeptrackisbycarryingacheckbookregister.
HaveASetBudget FACT:TheaverageAmericanhouseholdcarries $15,799incardcreditdebt.4 REAL-LIFEAPPLICATION:Avoidabalancebylimiting yourcreditcardspendingtoemergenciesonly.Fancydinners,luxurygoods,andentertainmentshouldbepaidforwithcashorcheck.
PayWithACheck FACT:In2012only,it’s estimatednearly20billioncheckswerepaid.5 REAL-LIFEAPPLICATION: Payingyourbillsbycheckhelpsyoubetterkeeptrackofyourexpensesandavoidcostlyinterestratesassociatedwithcreditcardspending.
SeekSoundAdvice Andforgoodmeasure,askyourfinanciallyfitfriendsfortheirtopmoneymanagementtips.
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StatisticsSources CouponStatisticshttp://www.statisticbrain.com/coupon-statistics/ SpendingStatistics http://www.statisticbrain.com/what-consumers-spend-each-month/ SavingsStatistics http://www.statisticbrain.com/american-family-financial-statistics/ CardCardDebtStatisticshttp://www.statisticbrain.com/credit-card-debt-statistics/ ChecksPaidStatisticshttp://www.frbservices.org/files/communications/pdf/research/2013_payments_study_summary.pdf