Saving Money

Barack Obama Pushes for More Personal Savings

admin
by admin
January 12th, 2010

Obama to workers: We'll help you save CNN/FILEI think it’s good to see President Obama and the government motivating the public to become disciples of both saving money and being long-term planners of their future. Seeing motivation for America to think of what shall be and not just what is, is in my eyes, a positive step forward. It is a move in the right direction because it is definitely the responsibility of those in power to provide incentives for the public to be as prudent and financially responsible as possible. And it is the public’s responsibility to not overlook the issue of the government’s saving and spending of its (our) money as well.  We must make sure that they are not being irresponsible with spending as much or even more than the same people they are trying to motivate to save. This would ensure that we, as a nation, could actually make it less expensive to live–which is more than just asking people to save but giving them the ability to do so. It is one thing to ask a person to save one dollar a day, but when considering that it’s the spending of that dollar that allows them to survive, the matter suddenly has severity.

So we must look deeper to make these steps in the right direction sustainable and beneficial to those who are at this time trying to survive in the daily grind of life. Having delayed gratification and being willing to save are the two key components on which I stand in regards to creating wealth. In the software that I created, In & Out Cash Management System, I often promote and proclaim that it is not what you make but it’s what you keep that creates real wealth. In essence saving is a must, but without some sort of support that helps make it easier for people to cover their mortgage, rebound from tough times, recover from bad credit, or debt people will still struggle to obtain the common necessities of life andwe will not get the optimal results that people really need.


Related posts:

  1. Obama Administration Announced a Plan to Reduce Mortgage Loan Balances
  2. Save More Money This Year
  3. Save More Money and Stop Emotional Spending

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  • I enjoy reading your blog, thank you......Cindy
  • Okay...I'm back....ahem. I have been all over this blog and I have found where I do come up short. I dear friend of mine commented I have way too many shoes.....sigh.
    So..they some were past down to me and I have never payed full price....The fact is, I'll still buy them and stuff them in the closet.
    I read the article about emotional spending and really saw myself. Although I have scaled down considerably and let go of so many material things I know I could do much better.
    I remember as a child I used to love playing in old cardboard boxes, trees, making mud pies, and cooking with my mom. Chores were part of my day and then I was allowed to play. These toys cost nothing.
    The toys kids get now a days cost so much....as we get older it cost more...cars, clothing, entertainment.
    I'm glad for the wake up call. Now...as for these shoes....time to cease and desist.
    Is anyone a size 5?
  • My parents taught me about saving money from when I was a child...I also hear if from my grandparents. The biggest impact was how we all lived. My grandparents came through 'The Great Depression' so they told my sisters and I about the value of a dollar, saving money, and what good credit meant. I really appreciated hearing about how they lived and the hardships they overcame....
    It has an impact on how I look at money today.
    I really hope we hear some history of people that have had to overcome great obstacles and survived during a difficult and treacherous economy.
    Thanks again.
  • This is a great article. I am really convicted about my personal spending. I was a mortgage broker for decades often earning a six figure income. I spent money like water and when I was laid off and my career and industry crumbled before my eyes I really had to learn how to live.

    At first I did not change my spending or savings habits. I lived on credit indulging my self as I had always done but over time I was forced to stop the spending when my cards were maxed and my credit lined closed due to declining real estate values.

    That was a really hard adjustment for me and I am still in learning mode.

    I have some savings that I dont touch unless its a life crisis but its not enough to sustain me over time and I am really ready to be like my grandparents and start saving for a rainy day.

    I've been told but just never really thought the day would come when the cash cow would stop serving golden milk but it has.

    I am looking for ways to save and improve my financial health.

    I plan to start saving the little I get because its really a new priority as is reducing my personal spending.

    Now when I go to a store, I have a spending limit and I may limit myself to one or two things not a cart full and $200 dollars worth of nothing... on sale at Ross.

    Anyway,

    Thanks for telling me the truth.

    I need to save and spend less.

    I'm doing it and can't wait for the In and Out Cash Management Program.

    I really need this.
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