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How to Save a Dollar.when you dont have a dime
to spare?

• Insert name, county, date

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Why do you want to save money?

• To pay bills make ends meet
• Save up for a large expense
• Save for emergencies
• Pay off debt
• Other reasons

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Income
Spending
Do you think of saving as striking a balance?
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If you want to save money, make plans to spend it!
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Ideas for Saving Money

• Claim Tax Credits

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Ideas for Saving Money

• Have financial goals.

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Personal Financial Goals
1 Year
3 Years
5 Years
What When How much?
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Whats the Price Tag for Each Goal?
Goal
Better Car
Date Needed
3 years / 36 months
Amount Needed
3000
Amount to Save Monthly
83
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Ideas for Saving Money

• Get (kind of) organized

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Ideas for Saving Money

• Look for the little leaks

Small leaks can sinkbig ships.-- Ben Franklin
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Ideas for Saving Money

• Find fun things to do that
• dont cost much money

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Ideas for Saving Money

• Limit Bulk Purchases

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Ideas for Saving Money

• Buy it cheaper
• Make it last longer
• Use it less

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Ideas for Saving Money

• Look out for credit!

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Save Money by Using Less Credit
Current Credit Card Balance 1,715.24 Minimum
Payment Due 18 Due Date 21 days
If you make no additional charges on this card and each month you pay You will pay off the balance on this statement in about And you will end up paying an estimated total of
Only the minimum payment 12 years 2,685 (969.76 in interest)
55 3 years 1,977 (Savings 708)
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Subprime Types of Credit

• Pay Day Loans
• Rent to Own
• Car Title Loans
• Pawn Shops

400-800
40-700

• Rapid Tax Refund
• Anticipation Loans

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Ideas for Saving Money

• Look out for debit too!

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Overdraft Protection?

• Option to opt-in to overdraft protection
• Debit card transactions
• Withdrawals from an ATM
• Does not include
• Checks
• Automatic transfers

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One more idea forSaving Money

• Track your spending.

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How do you know how much money youre saving if
you dont know how much youre spending?
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Ways to Track Spending

• Notebook
• Receipts
• Checkbook or Bank Statement
• Calendar
• Envelope Method
• Computer (free programs on the web or from
  some banks)

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Compare income and expenses once a month.
Spending
Income
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If something happens andyou cant pay bills . . .

• Act now!
• Financial Counseling
• www.debtadvice.org