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Bresee Bank

PAY YOURSELF FIRST #1

SAVE

Numero Uno..

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Your Life in a BucketFILL - earn salary, commission, self employEMPTY - spend on budget

BORROW SMART - appreciate

TAXMAN - spend what’s yours

 

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Live Like Magic Johnson

SaveSome

Spend Spend Some…Some…Give Some Away….

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Who Chooses????

Freedom to Do What YOU Want

BORROW BORROW BORROW SPEND SPEND

down to the bank

OR

SPEND

LOCKED

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Your Choice

Spend less than you make

Save the rest

Free !!!!!!!!!!!5

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Your Points Work for YOUSave Each Over 1 With "Free"

Week Year Interest 100 5,200 5,500 300200 10,400 11,000 600500 26,000 27,500 1,500

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How Long Does It Take to Save….

Apartment Car

College Own Business

House Wedding

Computer Retirement

Motorbike Emergencies

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ITTY BITTY WEEKLY SAVINGS

5 Years 10 Years 30 Years$1 $260 $520 $1,560$5 $1,300 $2,600 $7,800

$10 $2,600 $5,200 $15,600

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Too Little? Too Long?

How much will you have

if you don’t save?

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Finding Money to Save…Just one little change..

Just once a week

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Spending……Saving……..Small Regular Coffee each week =$728 Large White Chocolate Mocha each week =$2,236

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Finding a Lot More to Save…Daily white chocolate mocha =

$15,700.00

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Sarah’s Budget

•Salary •$1,500

•Rent •$450

•Transport •$390

•Groceries •$100

•Clothing •$50

•Eat out •$75

•Miscell. •$50

•Expenses •$1,115

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Sarah’s Savings

•Salary •$1,500

•Expenses

•Rent •$450

•Car •$390

•Groceries •$100

•Clothes •$50

•Eat Out •$75

•Other Stuff •$50

•Total spend •$1,115

•Save? •$385

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The Un-Savings DecisionBuy a Ford ExpeditionPurchase Price $40,000$40,000Plus Interest (5 years) $57,000$57,000

Save and Pay Cash Keep $17,000

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Old Age Wealth

Meet Ron and Molly: Both 75 years oldAt 25 years old, Molly starts saving $2,000 per year or $166.67 per month

At 50 years old, Ron decided he

was making enough to save and puts

away double -- $4,000 per year or

$333.33 per month

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Beating TimeAge Molly Ron

25 $0 $030 $10,000 $035 $20,000 $040 $30,000 $045 $40,000 $050 $50,000 $055 $60,000 $20,00060 $70,000 $40,00065 $80,000 $60,00070 $90,000 $80,00075 $100,000 $100,000

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Time Pays Ron Molly

25 $0 $030 $0 $11,60435 $0 $26,41440 $0 $45,31545 $0 $69,43950 $0 $100,22755 $23,208 $139,52260 $52,827 $189,67365 $90,630 $253,68070 $138,877 $335,37075 $200,454 $439,631

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you ARE getting SMARTER Question 1 – Sarah’s first job  How long will it take Sarah to save $5,000 to pay cash

for her next car?

Question 2 – Starting early or saving more:  Who saves more Ron or Molly?  Question 3 – Live like the Rich and Famous: 

What’s the magic formula to get and stay rich?  Question 4 – Secret for Lazy People 

What’s the best way to stay lazy in life?

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Where to Put Your Savings

•Bank•Brokerage house

•Financial adviser•Credit union•Insurance company

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People Pay You

for Your Money

INVESTING MONEY!!

Next Week