Facebook Messages: Benefits of Saving

1. America Saves Website: http://bit.ly/ASaves

Messages

1. The only sure-fire way to get ahead financially is to spend less than you earn. Counting on a big inheritance or settlement, a wealthy spouse, a game-changing invention, or winning a big prize or the lottery cannot be guaranteed. Every successful financial plan includes some type of savings such as a 401(k) for retirement, which requires living below your means. Are you an American Saver?  Join America Saves today at http://bit.ly/ASaves.
2. Accumulate an adequate emergency fund because "stuff happens" in life. What kinds of "stuff"? Try a broken refrigerator, a car that needs repairs, a child or pet that gets injured, and the loss of a job. Aim to set aside at least three month's expenses for emergencies. It may take a while to build up a three month reserve, but that's okay. The trick is to get started now and save regularly to accomplish this goal. For more information: http://bit.ly/ASaves.
3. Savings accumulates money for present and future needs and enhances your future financial security. It is for everyone; not just the super wealthy. In fact, the great majority of people who are not wealthy can build wealth over time and it all starts by saving money. Start small. Think big. Every dollar that you save makes a difference! You can save if you put your mind to it. More info: http://bit.ly/ASaves.
4. Savings provides a cushion against life's emergencies. Set aside at least 3 months' expenses. More is even better, especially if you are self-employed or rely on just one paycheck. Put your short-term savings into a liquid savings product that can easily be converted to cash without loss of value. Examples include a passbook account and money market fund. Start small. Think big. You can save if you put your mind to it. More info: http://bit.ly/ASaves.
5. "Stuff" happens to people. Good things (e.g., birth of a child) and bad (e.g., car accident). People with savings for emergencies and other unexpected expenses are in a better position than others to handle life's financial crises. Savings builds financial resilience and gives you more control over your future. Start small. Think big. You can save if you put your mind to it. More info: http://bit.ly/ASaves.
6. Savings provides "seed money" to make investments to reach long-term financial goals. For long-term growth, a higher rate of return, and tax advantages, people generally select investments such as stocks, bonds, and mutual funds. The money for investments usually comes from savings so saving is the first step to investing to build wealth. Start small. Think big. You can save if you put your mind to it. More info: http://bit.ly/ASaves.
7. Saving helps both individual savers and the country by providing domestic capital for economic growth and business expansion. Money saved in financial institutions supports building projects, corporate research and development, and other business development needs. Start small. Think big. You can save if you put your mind to it. Help yourself and help the country too. More info: http://bit.ly/ASaves.
8. Having emergency savings means you won't have to use credit or borrow money from friends or relatives if something unexpected happens, such a broken car or a sick child. Savings makes you less financially vulnerable. For this reason, saving money makes sense even if you are also repaying high-interest credit card debt. Try to do both if you can. For example, for every available $1 you have, put half to savings and half to debt. More savings info: http://bit.ly/ASaves.
9. A savings account is a valuable resource when you experience a financial emergency. Examples include loss of a job, an accident or illness, the breakdown of appliances, a computer, or a car, and a family emergency requiring unexpected travel. Even if it takes a while to save, try to keep at least three months expenses set aside for unexpected events. More savings info: http://bit.ly/ASaves.
10. Savings has many valuable side effects. When you have adequate savings, you don't have to borrow money and pay interest on loans and can avoid fees for late payments and low bank balances. In addition, you may be able to lower your insurance premiums by raising deductibles, extending elimination periods, or self-insuring for certain risks such as long-term care. Savings gives you freedom and options. More savings info: http://bit.ly/ASaves.