Thursday, June 25, 2009

Money Matters-Feed The Pig!



So you can’t save money? It’s easy as pie! Brown bag your lunch instead of going out. 6 dollars saved times five days a week times ten years is 21,000 bucks!



I just found a really neat website, Feed The Pig that I want to share with you. The site helps people like you and me feed our piggy banks and save money, by understanding where and why we spend it.

Over the past several decades, Americans 25–34 years old experienced significant declines in net worth while increasing their debt. For every dollar worth of assets owned, this group carries 70 cents worth of debt.

The Feed The Pig campaign aims to reverse this trend by empowering younger Americans to take charge of their personal finances by living within their means and saving for long-term financial security.

Statistics demonstrate that this group’s financial behaviors, while less established, tend toward debt accumulation, and this is happening during a period of milestone events such as getting married, having children and caring for aging parents. But there is hope: more working time before retirement means that their current financial decisions have a greater impact (positive or negative) on their long-term financial security. With this campaign, AICPA and Ad Council hope to get younger Americans to establish better spending and saving habits.
The campaign draws upon a traditional savings symbol, the piggy bank, to encourage 25-34 year olds to find the benefits of saving for every stage of life.

Feed The Pig has lots of cool features—you can set up your own personality profile and make a savings plan customized to your day-to-day reality. You can project what you will save over time if you sock away up to 5% of your salary. You can get tons of tips, reminders, or even swap ideas with other savers to make Feeding the Pig easier.


Check it out!


Source: www.adcoucil.org & www.feedthepig.org

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