Make Your Plan Then Work Your Plan!

I can’t stand it when people with great paying jobs have nothing to show for it then complain about others that have a pot to do you know what in. Equally as bad is watching people who don’t have good jobs but will drop a penny, nickel, or dime but will not pick it up. These people are what I call the “Stupid Poor.” In the book of Michael Jackson they are called, “Ignorant!”

You want to send your children to college? Well the time to start planning for it is the day they are born, not when they turn 14 years old. My oldest daughter and I bust out laughing at the idiots that we seen looking for help in sending their children to college only one year away from High School Graduation. The time to start saving for that new car is when your old car is still new. But if you want to keep up with your friends and have the bank and your employer own you, stop reading this Blog and go look at “Two Men And a Baby” or whatever the name of the show is on TV. I can’t help you. I am only concerned with people who want to be the head of their domain.

Let me give you some tools that can come in handy if you want to plan for that new expensive car or home.

You need a “Whirlpool Duet WFW94HEX 27" Front-Load Washer with 5.0 cu. ft. Capacity.” It sells for $935. If the Stupid Poor pays for it over 60 months at 20% interest, the Stupid Poor would only have to pay $25 per month, for a total of $1,500.

If they pay $46.75 per month, they can pay it off in 24 months, paying only $1,122. That is $378 less over 2 years.

http://www.mindyourfinances.com/calculators/savings-goals

If they can wait, by using the Savings-goal calculator, the same people can figure out how much they would have to save and at what rate to get the same thing. Saving $25 per month, they may be able to reach their savings goal of $935 in 3 years. They will also be able to avoid paying up to $550 more to wash their clothes.

The idea is to create a savings plan that will allow people to make their paycheck go further. You want to avoid wasting your money.

http://www.printablebudget.com/householdbudget.php

The link above will show you how to set up a Bill Paying Schedule for your household. Warning, this is no good if you do not have the discipline to follow it!

You can find other Savings Calculations by viewing this link by the Pa. SEC.
http://www.psc.state.pa.us/investor/calculators.html