Need a Financial Healing?

If Jesus came back today and said to you, “Give me $1,000 and I will open the gates of heaven for you,” would you be able to receive your blessings? Or would you have to go to Fast Cash for a payday loan?

For many Americans, an unexpected expense may cause a financial crisis. A loss of income, illness, home or car repairs can take a toll on your finances if not prepared. A recent study by the National Foundation for Credit Counseling reveals that 33% of Americans do not have at least $1,000 set aside for emergencies.

I know you are saying, I don’t make anything to save or I am barely making ends meet now, how can I save anything? But, if you start with a small amount on a regular basis, you would be amazed how quickly it can add up.

No Discipline, No Problem
If you are someone who has tried to save but every time Macy’s had its One Day Sale (that they have everyday) you quickly transferred your savings into your checking account, you may want to consider savings bonds.

With a savings bond, you can save by contributing small amounts on a regular basis. The amounts contributed can be utilized to purchase Series EE bonds or I bonds for as little as $25. Because saving bonds cannot be cashed until a year after purchase, they are a great savings tool for those who lack discipline.

So say for instance, you need the cash to purchase a new outfit for a night out, you will be unable to cash your bond, therefore after that special night is long gone you would still have something saved. Also, be aware that cashing your bonds before its five-year anniversary, will cause a lost of 3 months of interest, but you will never lose the amount invested. For more information about savings bonds, visit http://www.treasurydirect.gov.

Save With Little to No Effort
If discipline is not your issue, I would advise to start saving by automatic withdrawals or payroll deductions. Saving utilizing these options, can ensure you are saving month after month with very little effort.

Consider opening an account with ING Direct, which provides higher interest rates than traditional financial institutions. In addition, ING has no fees or minimums, which mean your money will grow faster.

So if you want to start saving for your future today, these options can assist in starting any low-budget savings plan. I advise you to start with these tips and continue to explore other options to diversify your portfolio. Remember, Your Choice, Your Future!


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