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Financial Savings

Imagine this scenario: your vehicle just blew a tire, or the fan belt just broke, or the engine has just blown. Or a major appliance in your home just stopped working. Imagine if your child has fallen into an accident and you have to take time from a job that does not offer sick time nor paid leave. Do you have any money in reserves to handle life’s unexpected circumstances? If the answer is no, then right here, right now is when you should start to save.



Go back and look at the financial affidavit you completed (the affidavit spans your

income and expenses for about 4 weeks). When you see your spending pattern over

the past month ask yourself: Was this spending based on my needs or my wants? Is

there anywhere I can perhaps cut costs? Am I eating out too often? Are any of there

purchases or expenses anything I can cut back on and still survive? Try challenging

yourself for the next 4 weeks to cut back on unnecessary spending, and instead put that

money aside into savings. Or try viewing your savings account as another bill you must

pay monthly. In one month’s time you will be able to see just home much money you