A recent survey of financial priorities from Bankrate shows, “Fewer than 1 in 5 people, 18% of those surveyed, say that saving is their top financial priority. Only slightly more, 21%, are focused on paying down debt, but 38% of American say they are just trying to stay current on their bills.”
Well, I want to focus on the 18% surveyed to increase to 100% during 2016. The reason for choosing the 18% is that I’ve always told most people do not have enough money to save each paycheck. I am a firm believer of the saying that I share with others, “No Excuses, Just Results.”
Starting today, your mindset will change. You will learn discipline and consistency without the excuses. Today begins a new chapter in your life. The days of looking at your minuscule balance will be a thing of the past.
Follow the steps for the Boost Your Savings campaign. Yes, “I Got Five On It” is feasible for everyone! If you cannot save 5% of your income, then you refuse to secure your future. For those of you who are in the holiday spirit and choose to spend your entire paycheck and bonus on gifts, I have a comment for you as well.
Holiday shopping gives you instant gratification while building your saving account gives you lifetime security.
Who does not want a lifetime of security with the comfort of knowing that you would not have to stress over emergencies?
Let’s get this saving started.
I am pumped! The best thing about Boost Your Saving is that everyone can participate. You do not have to be middle or high class to participate. Remember, financial security is about how much you are able to save, now how much you earn.
I hope this motivate those who are reading to activate your saving account and continue throughout the years. You will be amazed how your money will accumulate over time.
Bahiyah Shabazz is the President of Shabazz Management Group, Fabulous & Money Savvy and BROWN GIRLS DO INVE$T. She has appeared and given financial advice on various media outlets, and is the author of Women Building Wealth.