Blogging for Change

How do you feel about your current savings plan

by Alexis Holloway on
4/16/2010
in Personal Finance , Budgeting and Building Savings
Free financial webinars are a great way to increase your knowledge during Financial Literacy Month. In fact, we've been highlighting a few of our favorite webinar activities on the blog this month (I'm a squiggle - What's your money personality?). This week, MMI offered a webinar on managing income and expenses that discussed the importance of committing to a savings plan. In case you missed it, here is a glimpse at what was covered.

If you’re like most people, you probably feel like you could be better at saving money. A savings plan is essential to any good money management system. Savings can be your parachute when periodic living expenses or unexpected emergency expenses push you over the edge of your budget. Additionally, savings can help you reach your short-, mid-, and long-term financial goals.

 

What portion of your budget is allocated for savings?

Creating a budget can help you see exactly how your money is being spent. Breaking down the percentage of your income being allocated to each of your expense categories can inspire you make the necessary changes to increase the percentage you are saving.

If you missed this webinar, don't worry! There are plenty more opportunities for you to increase your financial know-how during Financial Literacy Month. Register for an upcoming here.

 

Alexis Holloway is a former copywriter and e-Commerce Coordinator for MMI.

Recommended Articles

Man sitting in front of pile of bills, trying to understand his options.
Professional Budget Advice
Make the most of every dollar and start building toward your dreams! Budget counseling is FREE and available 24/7.
Learn More
Learn more
  • Better Business Bureau A+ rating Better Business Bureau
    MMI is proud to have achieved an A+ rating from the Better Business Bureau (BBB), a nonprofit organization focused on promoting and improving marketplace trust. The BBB investigates charges of fraud against both consumers and businesses, sets standards for truthfulness in advertising, and evaluates the trustworthiness of businesses and charities, providing a score from A+ (highest) to F (lowest).
  • Financial Counseling Association of America Financial Counseling Association of America
    MMI is a proud member of the Financial Counseling Association of America (FCAA), a national association representing financial counseling companies that provide consumer credit counseling, housing counseling, student loan counseling, bankruptcy counseling, debt management, and various financial education services.
  • Trustpilot Trustpilot
    MMI is rated as “Excellent” (4.9/5) by reviewers on Trustpilot, a global, online consumer review platform dedicated to openness and transparency. Since 2007, Trustpilot has received over 116 million customer reviews for nearly 500,000 different websites and businesses. See what others are saying about the work we do.
  • Department of Housing and Urban Development - Equal Housing Opportunity Department of Housing and Urban Development
    MMI is certified by the U.S. Department of Housing and Urban Development (HUD) to provide consumer housing counseling. The mission of HUD is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD provides support services directly and through approved, local agencies like MMI.
  • Council on Accreditation Council On Accreditation
    MMI is proudly accredited by the Council on Accreditation (COA), an international, independent, nonprofit, human service accrediting organization. COA’s thorough, peer-reviewed accreditation process is designed to ensure that organizations like MMI are providing the highest standard of service and support for clients and employees alike.
  • National Foundation for Credit Counseling National Foundation for Credit Counseling
    MMI is a longstanding member of the National Foundation for Credit Counseling® (NFCC®), the nation’s largest nonprofit financial counseling organization. Founded in 1951, the NFCC’s mission is to promote financially responsible behavior and help member organizations like MMI deliver the highest-quality financial education and counseling services.