There is a fantastic concept not oft employed – but quite effective when used. Not knowing if it really has a name, let’s call it The Indicator of ‘5’. It is simple, yet powerful. Here’s how it works, and more importantly, how to make it work for you…
Take any 5-year period in the past: examine your income, your outgo, any changes to your financial situation; poll friends and family for the same information. Most often, you will find this common truth: Expenses have risen – income has not kept pace. Now, before you tune out, remember – it’s simple, not profound. And when applied to life, powerful.
Instead of allowing the truth of rising prices and non-rising wages discourage you – use it to fuel you. The Indicator of ‘5’ really isn’t as depressing as it may sound at first. Smart money-handlers know that to keep income sufficient, you actually must control outgo. Like most others, you probably have little control over your income. But you do have some control over expenses. And you have complete control over the biggest variable – yourself.
Use the Indicator of ‘5’ to help make decisions on what is really a need, and to keep impulse in check. Fully evaluate the extra income you’ll need – and for how long – when that shiny, new toy beckons. Resist the natural urge to assume your income or outgo will ‘be better in the future’. This reality check can save years of struggling with payments you can’t really afford; and years of living with regret and a heavy heart.
Use the Indicator of ‘5’ to help you plan for the future. You know things probably won’t change much in the next 5 years – and, sorry, it’s unlikely the sweepstakes people are headed for your door – so plan accordingly. Back-date future needs to present day – and determine how much per month you’ll need to set aside.
For example: Your water heater is very old. It will need replacing in the next 5 years or so. If that expense is going to run you $1000, and you don’t have $1000 now, you probably won’t then either. But by setting aside just $17 a month for the next 5 years, you will.
The best couponers save hundreds of dollars every month at the grocery store. However, extreme couponers can end up living very extreme lifestyles to get those savings. For over five years, SavingsAngel.com has equalized the playing field – giving extreme savings to busy families who don’t have the time or ability to be an extreme couponer. Each week, SavingsAngel.com’s over 70 angels combine over 2,000 products on sale at local grocery and drug stores with an enormous database of over 2000 different manufacturer coupons. These combinations result in our members getting access to over 300 products each week for 50% off or better. Simply log in, choose the deals you want, print or clip only the coupons you need, and save hundreds of dollars a month at regional and national stores. Our angels will personally work with you to craft a plan that will help you buy healthier food at lower prices – helping you keep $200 to $400 in savings each month.
Josh Elledge is the Chief Executive “Angel” of SavingsAngel, Inc. – launched from his home in January 2007. A husband and father of three, he now appears each week on television, in eight newspapers, and a number of radio stations across the country teaching families how to cut their grocery bill in half using the Internet. Elledge created the technology found on SavingsAngel.com through the need to save his own family’s money. Successfully able to cut his own grocery bill from $600 a month to less than $300 a month, his message has reached hundreds of thousands of families. SavingsAngel.com is now growing rapidly throughout the country. You can watch a short video at SavingsAngel.com that will explain more information about how to cut your own grocery bill in half with the help of SavingsAngel.com!