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Ignore the Rest of America and Save Some Money


You’d think that after the great recession (that I’d say we’re definitely still in), people would be saving up money now more than ever. Sure, we as a nation have been saving a little bit more than we used to before the crash in 2009, but I don’t believe it’s nearly enough. In 2009, the average citizen actually spent more money than they earned in a given year. Now, we save between 2-4% of our income. This is still incredibly sad.

Let’s Dig Into It

The average family earns roughly $50k a year. If they are saving 2% of their income, that means that they are setting aside less than $100 a month! Given the uncertainty of this nation’s future, I would say we should all be socking away at least $500 a month, if not more! After all, this amount counts money that should be put away toward retirement. If you’re only putting $80 toward your retirement and have no emergency fund, you’re going to be in serious trouble at the end of your life.

The Wise Savers

Those that are making plans for their future should be incredibly interested in saving. In fact, they might be so serious that they’re using helpful tools like in order to accomplish their savings goals!

By saving more money each month, you’re doing yourself two services: Increased Stability and Increased Opportunity.

Increased Stability

How often has life happened to you? You know what I mean. A blown transmission, a broken down furnace, or a needed roof replacement. The expenses that are bound to happen, but for whatever reason, we just didn’t plan for them. These expenses happen all the time! If we don’t properly save, we’ll continue to be down on our luck and going in and out of debt. Living life like this is completely unstable. At any moment, we could experience disaster in our finances, all because we didn’t properly save our pennies.

If, however, you focus a small amount of time and energy in saving, you could rid yourself of these financial worries. If you just had $2,000 saved up in the bank, most of the “disasters” that could happen to you from day to day would be completely inconsequential. So what if your car broke down and it’s going to cost you $500? You’ve already got the money. Just pull it out of your savings account and pay your mechanic! Problem solved. Your life is now incredibly stable.

Increased Opportunity

Have you ever heard the phrase, “The rich keep getting richer”? There are so many people that think rich people are evil because they appear to have such an easy life. Not only do they have more money than the average person, but they can make more money so easily because of the wealth they already have! Yes, this is the truth. If you have money it’s easier to make more money. So, rather than saying rich people are evil, why don’t you stop buying senseless things and save some money yourself?

With a savings account, you’ll suddenly be able to capitalize on all of those opportunities in the world. The next time a Bill Gates or Ray Kroc comes to your door and presents you with the opportunity of a lifetime, you can take advantage of it rather than saying, “No thanks, I don’t have any money right now.”

Focus on saving and your future will be dramatically different than your past.

Are you focusing on saving money? Do you have goals for your future?



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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