Saving Money


Hello everyone!! Welcome to my blog!  This blog is designed to help you understand the importance of SAVING MONEY. It’s called SAVING GEORGE as in George Washington is on the dollar bill. Lame? Maybe but I want you to know that just saving a little here and there on a consistent basis beats the crap out of saving nothing at all. Of course we would love to have a savings rate of at least 20% and preferably 50% or more! But let’s face it, a 50-75% savings rate is extremely hard especially if your take home pay barely pays the bills. It really gets discouraging living paycheck to paycheck and barely getting the bills paid, let alone SAVING. I live it myself everyday. But listen up….you CAN save. You can make cuts of non essential things in your life and save the difference. The sooner you begin to save, the sooner you can retire and we all want that, right? This blog will be designed to help you learn ways to save and give you ENCOURAGEMENT. Never say never and begin your savings journey NOW. Truth is, you can’t afford to put it off any longer. Save and invest and let the power of COMPOUNDING work for you! I’m on this journey with you and I’ll be here every step of the way to offer help, guidance, and support. WE WILL BE SUCCESSFUL and we WILL save and invest together! Share your stories and offer your expertise with the other readers! I want this blog to be a place of encouragement to one another and a place to learn how to handle money by making wise decisions. Put each and every dollar in it’s proper place and watch the quality of your life increase!


Why do we Save Money

We save, basically, because we can’t predict the future. Saving money can help you become financially secure and provide a safety net in case of an emergency.

Here are a few reasons why we save:

  • Emergency cushion – This could be any number of things: a new roof for your house, out-of-pocket medical expenses, or sudden loss of income. You will need money set aside for these emergencies to avoid going into debt to pay for your necessities.
  • Retirement – If you intend to retire someday, you will probably need savings and/or investments to take the place of the income you’ll no longer get from your job.

These are just a couple of great reasons to $ave. There are many more!

Without money put away in savings and/or investments, you open yourself up to other risks as well. For example, not having enough money to pay for emergency dental care may force you into taking a loan that your savings might otherwise have covered.


How much can you potentially save?

It’s important that you develop a budget using your net income as it reflects your take home pay after taxes and dedications. A common mistake people make is developing a budget off of their gross income. It’s a mistake because you’re budgeting money you never possessed. Remember your potential savings is the difference between your net income and your expenses.

When developing a saving plan ask yourself these questions:

  • Are there any variable expenses that you can reduce or eliminate? Trust me….there are several!
  • Is there anything you spend money on that you could eliminate and apply towards saving? YES THERE IS!

Tips for saving money:

  • Save windfall income – Any unexpected money such as income tax return money.
  • Collect loose change and deposit it in the bank – Use a piggy bank and deposit its contents when its full.
  • Try frugality – Purchase cheaper off brand items and save money.
  • Break a habit – we all have some sort of expensive habit. Break it and save the money!
  • Save lunch money – According to a study by Forbes Magazine, Americans on average spend $1000 annually on going out to lunch. Bring your lunch to work and invest that $1000 in yourself.
  • Have a “buy nothing week”. I do this quite a bit! After all, do we really need all the crap we buy?
  • Compare costs of major items before purchasing anything – Do your due diligence, shop around before making major purchases.
  • Use coupons – Coupons are a great way to reduce living expenses.


Saving money is something we all should do but we often fall short and waste our hard earned cash because it doesn’t offer the sense of immediate gratification that spending does. Unfortunately, constant spending usually means BEING BROKE. Who wants to be broke all the time? Not me!

Learning to save money is an essential habit you simply need to employ to gain financial fitness and step toward financial freedom. Saving money can start with putting away as little as $5 a week. Work your way up as you go along.

I know this is an uncomfortable subject for some and you hear this stuff all the time. I’m definitely not lecturing you either. Nobody wants to be lectured! I honestly care about you! Saving only helps you!

I hear people say “I just can’t afford to save!” But my question to you is…..can you afford not to?


Thanks for reading,

$aving George


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