BOSTON (CBS) – We did a spoof on an AARP’s saving article last month. Some of the ideas were good, some not worth mentioning, and some just ridiculous. But it did get your attention because I heard from many of you.

Saving money is important. And in order to save money you will need to spend your time. If you could save $100 on groceries and spend 2 hours doing it that is the equivalent of getting paid $50 an hour.

Almost every goal we set or decision we make as adults has a financial component. You want the American dream; a house, kids and a comfortable retirement. That all costs money!

To buy that first house you need a down payment. You have to save to get that down payment.

Having kids makes you start thinking about college. You know that a college degree for most kids means a better job. How much do you need to save to educate junior?

On your want list is a comfortable retirement. You need to save money to have a comfortable retirement.

The average monthly Social Security check for this year (2013) is $1,269! Can you live on that? Possibly if you are living in a trailer in Tennessee or Oklahoma. Definitely not here in New England.

In order to achieve your dreams you are going to have to save more money and learn to invest. And there are ways to save on everything we do and purchase. So my plan is a Spending Plan.

I don’t want you to give up the things you think are important, just figure out a way to pay less for them. You can spend your money but spend it more wisely and if you are able to save on everything you purchase you could have those extras dollars needed to achieve your goals.

Saving 10% of your net pay would be a good beginning. Saving 10-40% on everything you need to purchase is a way to achieve that.


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