Effective Ways to Save Money and Safeguard Your Finances
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Presentation Transcript
Ways to Save • Payroll deductions • Extra change in jar • Jar change into savings account • Save wage increases
Ways to Save • Determine needs and wants • Pay Yourself First • Pay bills on time • Avoid check-cashing stores • Remember retirement
Reasons to Save • To purchase a planned good or service in the future • To buy a good or service that is suddenly wanted • Eliminate future stress • Emergencies • Unexpected events
Government Regulations That Protect Savers • FDIC – Federal Deposit Insurance Corporation • Insures each account in a federally chartered bank up to $100,000 per account.
Government Regulations That Protect Savers • NCUA – National Credit Union Administration • Insures each account in a federal credit union up to $100,000 per account.
Assessment • Create a bumper sticker, billboard, or print ad encouraging your peers to save.