21st Century Student FinLit -Getting Personal SW

COPYRIGHTED MATERIAL

LET’S PRACTICE

credit card/consumer 76

automated

liquid

retirement

6

short

habit

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3

budget

long

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saving

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My Personal Savings Habit Pledge I, ________________________, who one day in the not-too-distant future will be gainfully employed and earning a steady income, do hereby pledge: As soon as I begin earning a regular income, I will begin ________ money. I will develop a lifelong savings ________ . When I have a job, I will pay myself first by participating in my employer’s ____________ program if offered and/or creating an ____________ savings deduction in my checking account. I will save ____ to ____ months of living expenses. If I am a freelancer or in a less-than-secure job situation, I will save even ________. I will put my emergency funds in an account that is ________ so I can have immediate access to cash in the event of a financial emergency, and avoid using a _______ card or Pay ____ loan if I have a financial emergency. I will identify and begin saving for my ________ term financial goals, which are goals I would like to accomplish in 1-5 years, such as: _ _________________________________________________________________ __________________________________________________________________________________ I will identify and begin saving for my ________ term financial goals, which are goals I would like to accomplish in over 5 years, such as: _ _______________________________________________________________ __________________________________________________________________________________ I will avoid the fate of the ____ percent of American households who live paycheck-to-paycheck because they are victims of the consumption boom and have too much ______________________ debt. I will save some amount of money every month as a priority ___________ item, not as an afterthought. I will reassess my emergency savings reserve whenever I have a life-changing event or lifestyle upgrade such as: __________________________________________________________________________________ __________________________________________________________________________________ PRODUCT PREVIEW

Signed and Sealed this ____ day of _______, 20____

_____________________________________ Signature

_____________________________________ Witness

Chapter 8 | Super-Size Your Savings 146

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