As you know, saving money is an incredibly important part of anyone’s financial plan. Well today, I’m excited to share with you a guest post from Kathleen Celmins, of Stacking Benjamins, sharing an exciting new course called Save 50*, which helps teach people how to save 50% of their income. If you are interested in finding more, please check it out! Take it away Kathleen!
Hi, I’m Kathleen Celmins, and although I spent $2 the other day, I did not win Powerball. I’m guessing, since you’re reading this blog and not… I don’t know, swimming in a sea of money a la Scrooge McDuck… you didn’t either.
But, you don’t need to be a Powerball winner to save half your income.
Far from it.
In fact, I’d say, the minimum amount of salary you’d need to make in order to save 50% is $30,000.
How do I know?
Simple, really. I started saving half mine income in 2012, when my before-tax salary was $33,000.
Well, to be fair, when I did the calculations, I wasn’t quite at 50%. I’d made it to 47% when all was said and done.
That’s right … 47% of just over $30,000.
I thought about how hard it sounds to save half your income, and how, without setting out to do it (I was heads-down focused on getting out of $25,000 in credit card debt instead), I’d done almost that.
What if I could keep that up once I’m out of debt?
What if we all could?
That could change the world.
Plus, I realized, saving half your income doesn’t have anything to do with willpower. Instead, by implementing a few systems, I was able to make it as automatic as tipping in a restaurant. So, with my business partner Joe Saul-Sehy (who you might know from the Stacking Benjamins podcast), I created a course.
It’s called Save 50*, and it goes through five modules:
- Module 1: Figuring out your magic number
- Module 2: How to live on a shoestring without living in a shoebox
- Module 3: Making life easier — increasing your income
- Module 4: The mechanics — where to put your money once you’ve saved it
- Module 5: How to stay motivated and save half your income for the rest of your life.
The course launched on January 1 — just in time to make a resolution not only that you can keep, but one that will change your life.
Will you join us?
Check out Save50 here*.
*If you sign up using my link, I will receive a referral fee that helps keep this site going. I will never refer people to products I don’t believe in. I do truly believe that this course can make a big difference in someone’s life so please check it out if you are looking to increase your savings in 2016.