A community wide event to promote America Saves Week 2014, hosted by BudgetWise Financial Solutions, LLC and sponsored by Fifth Third Bank. America Saves Week began in 2007 as an opportunity for organizations to promot good savings behavior and a chance for individuals to assess their own status.

1. Sponsored By
AMERICA SAVES WEEK 2014

2. About Us
America Saves Week is coordinated by America
Saves and the America Savings Education Council.
Started in 2007, the is an opportunity for
organizations to promote good savings behavior and
a chance week for individuals to assess their own
status.
BudgetWise Financial Solutions LLC is a financial
education and consulting firm where they teach
people to manage money wisely through individual
consultations, workshops, and seminars. BudgetWise
specializes in personal money management and
promoting financial literacy education.
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

3. Agenda
 Why Save?
 Your Saving Checkup
 Set a Goal
 Make a Plan
 Automate Your Savings
 Products and Services
 Your Action Plan
 Wrap Up - Q & A
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Financial Solutions LLC

4. 3 ACTION STEPS TO TAKE CHARGE
OF YOUR FINANCIAL FUTURE
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Financial Solutions LLC

5. WHY SAVE?
 40% of Americans say they live beyond
their means.
 50% of Americans live paycheck to
paycheck.
 20% of employees are effected at work
because of financial concerns.
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

6. Your Savings Checkup
Let’s see where you stand on the whole savings issue.
How many of these items can you check off?
 I pay off my credit card balances each month.
 I have an emergency fund.
 I set goals and make plans to save for large
purchases.
 I have an automatic payroll deduction from my
paycheck to a savings or retirement account.
 I increase my savings when I receive a raise.
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Financial Solutions LLC

7. I. Set a Goal
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Financial Solutions LLC

8. Reasons to save
 Emergency fund
 Getting out of debt
 Retirement
 College
 Purchase a house
 Purchase a car
 Other large purchases
 Vacation
 Build wealth
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Financial Solutions LLC

9. II. Make a Plan
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Financial Solutions LLC

10. The Budget
1. Keep track of what you are spending:
write it down, save the receipts, or use
an online tool.
2. Once you know where your money is
going, create a budget.
3. Once you have a budget, stick with it.
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

11. 6 Strategies for Saving
 Pay yourself first
◦ Establish a saving habit and mindset
◦ No matter how small amount
 Establish an emergency fund
◦ Keeps you afloat
◦ First: $500 - $1000
◦ Second: 3 – 6 months of living expenses
◦ Then: A comfortable dollar amount
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Financial Solutions LLC

12. 6 Strategies for Saving
 Pay off debt
◦ The best investment most borrowers can make
is to pay off double digit interest credit cards
 Participate in work related retirement
program (401k, 403b, 457)
◦ Take advantage of employer matching
◦ 100% on the your matching contribution
◦ Opportunity to grow your money – compound
effect.
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Financial Solutions LLC

13. 6 Strategies for Saving
 Save for other goals through automatic
transfer from payroll or checking account
into savings.
 Buy a home and pay off the mortgage
before you retire.
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

14. III. Automate Your Savings
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Financial Solutions LLC

15. 7 Ways to Automate Your Savings
 Split direct deposit
 Set up regular deposits to savings
 Sign up for company’s retirement plan
 Pledge to save certain cash/changes
 Use a cash-back credit card (cautious)
 Automate your bills
 Financial institution’s round up program
 Save a portion of your tax refund
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

16. Wayne Metro Community Action
Center
 Save Your Refund – Form 8888
 Individual Deposits Accounts
 Services
◦ Tax Assistance
◦ Wealth Building Classes
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

17. Fifth Third Bank
 Savings Accounts
◦ Promotions
◦ Rates
 IRAs
◦ Traditional IRA
◦ Roth IRA
 Savings Bond
◦ .10%
◦ www.treasurydirect.gov
◦ Electronic
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

18. The Ideal Budget
50%
30%
20%
50 – 30 – 20 Budget
Essentials Lifestyle Savings
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

19. Your Action Plan
 What is your saving goal?
 What do you need to do to get started?
 What can you automate?
 Visit http://www.americasavesweek.org
◦ Take the pledge to save
◦ Additional Resources
 Q&A
Copyright (c) 2014 BudgetWise
Financial Solutions LLC

20. Thank You!!!
Samirian Hill
248-905-1625
shill@budgetwisefs.com
BudgetWise Financial Solutions, LLC
www.budgetwisefinancial.com
Copyright (c) 2014 BudgetWise
Financial Solutions LLC