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Effective Ways to Save Money and Safeguard Your Finances

Discover smart strategies for saving money, from payroll deductions to converting loose change into savings. Understand the importance of distinguishing needs from wants, paying yourself first, and planning for retirement. Learn about the reasons to save, such as preparing for emergencies and purchasing future goods or services. Explore government regulations that safeguard savers, such as FDIC and NCUA insurance. Finally, take action by encouraging others to save with a creative bumper sticker, billboard, or print ad.

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Effective Ways to Save Money and Safeguard Your Finances

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  1. Saving

  2. Ways to Save • Payroll deductions • Extra change in jar • Jar change into savings account • Save wage increases

  3. Ways to Save • Determine needs and wants • Pay Yourself First • Pay bills on time • Avoid check-cashing stores • Remember retirement

  4. Reasons to Save • To purchase a planned good or service in the future • To buy a good or service that is suddenly wanted • Eliminate future stress • Emergencies • Unexpected events

  5. Government Regulations That Protect Savers • FDIC – Federal Deposit Insurance Corporation • Insures each account in a federally chartered bank up to $100,000 per account.

  6. Government Regulations That Protect Savers • NCUA – National Credit Union Administration • Insures each account in a federal credit union up to $100,000 per account.

  7. Assessment • Create a bumper sticker, billboard, or print ad encouraging your peers to save.

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