Spring Forward… Money Management Tips – Day 44

May 2nd, 2012 1:00 AM
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Money market funds are a popular option for savers. They are a type of mutual fund that invests in short-term government and corporate securities and pay market interest rates. Initial deposits generally range from $1,000 to $10,000 so you may need to save elsewhere first to accumulate the required amount. Get started by becoming an American Saver at http://bit.ly/gliVkL.

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 43

May 1st, 2012 1:00 AM
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Where do people put their savings dollars?  Savings accounts and certificates of deposit (CDs) are popular choices. Accounts can be opened at financial institutions such as banks and credit unions. Rates of return vary among financial institutions. Generally, the longer the maturity on a savings product, the higher the interest paid. Become an American Saver at http://bit.ly/gliVkL.

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 42

April 30th, 2012 1:00 AM
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It’s never too late to save money so choose to save today! The payoff will be worth it! Here’s an example. If you save $1 a day ($30 per month), you’ll have a little over $25,000 in 30 years assuming a 5% return. Bump the daily savings up to $5 ($150 monthly) and you’ll have over $125,000. For more information, visit Choose to Save ( www.choosetosave.org) and America Saves (http://bit.ly/fHbGQy).

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 41

April 29th, 2012 1:00 AM
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Many people have a can or jar of coins stashed away. This is a great way to save money and it’s painless. Simply empty your pockets or purse at the end of the day and save your loose change. If you want to go a step further, save a dollar a day plus pocket change. At the end of a month, you’ll have about $50 in savings. For more savings tips, visit the America Saves Web site: http://bit.ly/ASWTips

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 40

April 28th, 2012 1:00 AM
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Saving a portion of your tax refund is a good way to prepare for life’s unexpected events. When you get your tax refund, save at least half of it for irregular household expenses (holidays, tuition, water bills, home maintenance), emergencies, and/or future financial goals. For more savings tips, visit America Saves: http://bit.ly/ASWTips and become an American Saver: http://bit.ly/gliVkL

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 39

April 27th, 2012 1:00 AM
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Need to “find” money to save? Plug your spending leaks. Add up what you’re spending on “little things” such as snacks, soda, fast food, cigarettes, lottery tickets, magazines, and more. Let’s say you can “find” $5 per day from reduced spending. That adds up to $1,825 in savings per year and even more with interest. For more savings tips, visit America Saves: http://bit.ly/ASWTips.

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 38

April 26th, 2012 1:00 AM
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Want to save money? Get out of debt. PowerPay® creates a schedule to apply payments from paid off creditors to remaining debts, thereby saving repayment time and interest.  If you follow the schedule, you could save hundreds of dollars (or more!). For further information about PowerPay, visit www.powerpay.org. To learn more about saving, visit America Saveshttp://bit.ly/fHbGQy.

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 37

April 25th, 2012 1:00 AM
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Research on millionaires indicates many grew their wealth over time through regular savings. Want to become wealthy? Follow their example. Save as much as you can and give your savings a raise when your income increases or when household expenses, like child care or a car loan, end. For more savings tips from America Saves e-wealth coaches, see: http://bit.ly/ASWCoach.

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 36

April 24th, 2012 1:00 AM
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Millionaires get a lot of attention with a popular television game show and best-selling books like “The Millionaire Next Door.”  Living below their means is a common characteristic of millionaires. They also follow a “pay yourself first” strategy of regular saving and are goal-oriented. Want to be wealthy? Join America Saves and start saving today: http://bit.ly/fHbGQy.

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu

Spring Forward… Money Management Tips – Day 35

April 23rd, 2012 1:00 AM
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When it comes to saving money, time is as precious a resource as money is.  Even small amounts of money, with compound interest over time, will grow to significant sums over time.  When there’s a will, there’s a way.  Join America Saves and learn how others are reaching their personal savings goals: http://bit.ly/fHbGQy. You can too! What we think about, we bring about!

For more information or to comment on this blog, contact:

  • deborah.killam@maine.edu