by Ricki McWilliams | Jan 27, 2015
America Saves Week 2015 ~ February 23 – February 28
America Saves Week is coordinated by America Saves and the American Savings Education Council. Started in 2007, the Week is an annual opportunity for organizations to promote good savings behavior and for individuals to assess their own savings status. Typically, thousands of organizations participate in the Week, reaching millions of people. This campaign encourages individuals and families to save money and build personal wealth.
The 2014 Annual National Survey Assessing Household Savings (released during America Saves Week) revealed that while most Americans are meeting immediate financial needs, they are worse off than several years ago.
- Only about one-third of Americans feel prepared for their long-term financial future.
- 68 percent reported they are spending less than their income and saving the difference – down from 73 percent in 2010.
- Nearly two-thirds of respondents (64%) said they “have sufficient emergency savings to pay for unexpected expenses like car repairs or a doctor visit” – down from 71 percent in 2010.
- 76 percent said they are reducing their consumer debt or are consumer debt-free – down from 79 percent in 2010.
To learn more about America Saves Week and Pledge to Save, visit: www.AmericaSavesWeek.org
Set a Goal. Make a Plan. Save Automatically.
Get Involved! Events during America Saves Week include:
Ag Save$ Summit
February 23 – 9:00am CST/10:00am EST
Jackson County Extension Office, 2741 Pennsylvania Avenue, Marianna, FL 32448
(view registration link for additional locations)
FREE to register: bit.ly/AgSavesSummit
America Saves Financial Challenge – Online
February 22 – March 23
FREE to enroll: http://bit.ly/MoneyChallenge2015
Challenge Yourself to Save Money – America Saves Challenge Twitter Chat (#eXASchat)
February 24 – 2:00pm CST/3:00pm EST
Log in to Tchat.io at http://www.tchat.io/ and insert #eXASchat into the textbox that pops up so you can tweet easily and view the live Twitter stream
Where to Turn for Financial Advice – Webinar
February 25 – 11:00am CST/12:00pm EST
Free Registration: http://bit.ly/finpro2015
Personal Finance Questions – Realities & Myths – Webinar
February 26 – 11:00am CST/12:00pm EST
Free Registration: http://bit.ly/faq2015
by Ricki McWilliams | Jan 21, 2015
Ag Save$
Ag Save$ is a new initiative to bring personal finance education such as wealth building, estate planning, succession planning, asset protection, and other financial topics to agricultural producers in Florida.
Have you ever asked yourself:
How do I become financially stable?
How do I retire well?
What do I need to do to secure the future of my farm?
Let us help you find the answers.
Ag Save$, a component of the nonprofit America Saves and a partner with the University of Florida’s Institute of Food and Agricultural Sciences financial teaching and education, seeks to motivate, support, and encourage farmers and agricultural producers to save money, reduce debt, build wealth, protect assets, and plan for succession. The research-based campaign uses the principles of behavioral economics and social marketing to change behavior. Ag Save$ encourages all agricultural producers and their families to join us in a kick-off event on Monday, February 23, 2015 as well as our workshop series that starts March 24, 2015.
Ag Save$ Summit:
February 23, 2015
Registration: 8:30 a.m. (Central) 9:30 a.m. (Eastern)
Program 9:00 a.m. – 1:00 p.m. (Central); 10:00 a.m. – 2:00 p.m. (Eastern)
Locations
|
Jackson County Extension Office (host site)
2741 Pennsylvania Avenue
Marianna, FL 32448
850-482-9620
Doug Mayo: demayo@ufl.edu
|
Jay Community Center (satellite location)
5259 Booker Lane
Jay, FL 32566
850-623-3868
Blake Thaxton: bthaxton@ufl.edu |
Jefferson County Extension Office (satellite location)
2729 W. Washington Hwy.
Monticello, FL 32344
850-342-0187
Jed Dillard: dillardjed@ufl.edu |
Register Online: bit.ly/AgSavesSummit
Registration deadline: February 19, 2015
This session is complimentary
All family members are encouraged and welcomed to participate
For more information, click: Ag Saves Summit Flyer
Ag Save$ Series of Workshops:
| March 24th |
June 23rd |
July 21st |
August 18th |
| Preparing for Retirement and Other Goals |
Trimming the fat, How to manage and reduce your debt |
Securing Your Family’s and Your Farm’s Future-Part 1 |
Securing Your Family’s and Your Farm’s Future-Part 2 |
Register Online: bit.ly/AgSavesSeries
Registration deadline: March 10, 2015
For more information click: Ag Saves Program Flyer 2015
by Elizabeth | Jan 17, 2015
The Merriam-Webster Dictionary defines “resolution” as “the act of finding an answer or solution to a conflict, problem, etc.; the act of resolving something.” Now that 2015 is here, what are you seeking to resolve this year?
If you read Living Well in the Panhandle articles, you probably have noticed a theme. The theme is information on Living Well – not just for one day or one month but for the whole year. With that in mind, what do you resolve to do this year to live well? While identifying your resolutions, it is important to note that, unless your chosen resolution becomes a habit, you may fail to achieve it. However, regardless of what your resolution is this year, here are a few things to consider to help you with your resolve.
Join an organization that supports people with the same resolve. For instance, many people resolve to save more money each year. From personal experience, it is tough to change spending habits without moral support. However, organizations like America Saves motivate people who want to save for different goals. Pledge to save during America Saves Week – February 23- 28 (www.americasaves.org) or any time before then. This is one avenue many people across the country have used to stick with their resolution to save. The resolution becomes a habit because, on the America Saves website (www.americasaves.org), you can find motivation from other savers or prospective savers like yourself. You also can sign up to receive a free newsletter with information on how to maximize your effort.
Judging by the number of weight loss commercials in the media, the other most common resolutions include eating right, exercising, and losing weight. There are several web sites you can visit that provide unbiased information as you work your way toward living well. At Small Steps to Health and Wealth (http://njaes.rutgers.edu/sshw/), you can sign up for the Online Challenge that will help you make small daily changes to improve your health and personal finances.
A good resolution should focus on improving one’s life. That said, choose to read Living Well in the Panhandle and live well not just for a day or a month but for the rest of your life. For more information on Living Well in the Panhandle, contact your local UF/ IFAS Extension Agent. Happy New Year!
by Shelley Swenson | Dec 9, 2014
©Feverpitched
Recently, UF/IFAS published Five Steps to Seasonal Savings, http://edis.ifas.ufl.edu/pdffiles/FY/FY140500.pdf, an EDIS brochure which reminds us of the stress that can result from holiday spending. I would encourage each of you to print or review the brochure and ponder its message TODAY. We are nearing the hustle and bustle of preparing for the season and it is timely information.
The five steps are:
- Recognize Your Seasonal Stressors
- Develop a Holiday Spending Plan – Make a Budget
- Develop a Holiday Spending Plan – Create a List
- Find Alternatives to Pricey Presents
- Fine-Tune Your Financials
It is already early December, the Thanksgiving shopping sale and Cyber Monday have passed but planning is still possible before the 2014 holiday rush if you will take some time to do so.
The section of this brochure that really spoke to me is the Fine-Tune Your Financials. As I do every day, I try to use cash and/or debit cards when possible. I need to see the money leave my account so the holidays don’t haunt me into the new year. There is too big of an allure for me to overspend when I buy gifts with credit. There is not as much reality with credit card spending. Paying interest on the credit debt is even more troubling, as the holiday spirit is long gone before the item is paid for.
Holidays are about spending time with family and friends. It does not need to center on gift giving. Consider your spending plan in the next few weeks for a more financially comfortable 2015.
by Dorothy C. Lee | Dec 9, 2014
Christmas is a joyous season. It’s a time to remember friends and neighbors with small tokens of your love and appreciation.
Every holiday season is magical, but it also can be a perplexing time. How do you choose gifts for your friends and loved ones that are unique and sure to be cherished?
Remember Christmas when you were young? How the simplest projects—stringing lights, hanging icicles, baking cookies, gathering pine cones, or making ornaments for the tree—filled the season with fun and excitement. Bring back that special magic with your own holiday projects. These holiday projects are gifts from the heart.
If you have spent many hours in past seasons trying to find the answer to the perplexing question of what to give, perhaps this year you can find the answer in your own kitchen. Flavorful gifts you can create in an evening or two at home might be just the solution. Most of us like to follow the pleasure of cooking with sharing the scrumptious results. So this holiday season, prepare some delicious food gifts for friends and relatives.
A jar of homemade jam or jelly conveys a welcome sign of friendship to neighbors or co-workers. Besides being fun to make and share, oven-baked goods, snacks, and other savory items are attractive and often cost less than those that are store-bought. This is a gift that comes from the heart without breaking the bank. For a holiday touch, add a pretty ribbon or a note from a square of wrapping paper.
Fresh from the oven, a batch of pumpkin muffins or a loaf of whole grain bread will send warm holiday greetings to friends. Decorated with raisins and nuts, gingerbread men will appeal to anyone who fancies the spicy flavors of cinnamon, ginger, and cloves. When invited to festive dinners, take along a basket filled with your own gift assortment of cookies packaged in inexpensive containers with recipes and a personalized message included. You will find these gifts easy to transport and the hostess is sure to appreciate the gesture.
Another gourmet goodies idea to consider is sharing a decorative jar or tin packed with flavorful popcorn or a nutritious trail mix. Top a decorative tray with herbed cheese rounds. Herbs offer a delicious alternative to salt. Herb seasoning mixes can be packaged in a decorative glass jar or bottle and tied with festive ribbon. Be sure to attach a label with instructions for serving and a recipe for making more.
When making these gourmet goodies, you might want to prepare an additional batch so you will have a last-minute gift on hand. The additional jar of jam or jelly can make a special gift for unexpected visitors. These gifts are seen as thoughtful and well-prepared when, in reality, they are a last-minute thought.
Start early and make lots of homemade goodies for the holidays. By planning your kitchen gifts early, you can shop for ingredients on sale, save decorative containers, and make food items in advance. So get a head start on holiday gifts from your kitchen. Happy Holidays!
by Kristin Jackson | Nov 22, 2014
When you go to the doctor for a physical your health care provider probably routinely records four important numbers as a base line indicator of your health. Your vital signs consist of your blood pressure, breaths per minute, pulse and temperature. There are important numbers when it comes to your financial health as well: your credit score, debt to income ratio and your savings rate.
Your Credit Score
Your credit score is used most frequently by lenders to evaluate the risk involved when loaning you money. With your consent, your credit score could also be used when considering you for employment, insurance or housing. The normal range for a credit score used by the Fair Isaac Corporation is 300-850, but the exact scoring method is determined by your lender. You can get a free copy of your credit report (the information by which your score is determined) if you are ever denied credit or by visiting https://www.annualcreditreport.com.
Your Income to Debt Ratio
Your debt to income ratio looks at the percentage of income that goes toward paying all recurring debt payments such as credit cards, car loans or even child support. You can calculate this ratio yourself by adding up all of your debts and dividing it by your income. The National Association of Credit Unions suggest that a debt ratio of 36% or less is ideal for most people.
Savings Rate
Your savings rate is the amount of personal income expressed as a percentage that you save. Your savings rate is another figure you can calculate yourself (Total dollars saved per month / total disposable income = savings rate). In, “How Much Should We Spend,” UF IFAS Extension publication FCS5229 the recommended savings rate for your general savings, your emergency fund and miscellaneous expenses is 2-20% of your income.
If you knew your numbers and they are above par then give yourself a pat on the back if you need more information that is no problem either. Contact your UF/IFAS Extension Family Consumer Science Agent (FCS) can meet with you or your small group and explain to you in more detail what each of these numbers are, where to find these numbers and provide you with the resources you need to know where you stand. You wouldn’t ignore your vital stats, so don’t neglect financial stats either. For more information contact your UF IFAS Extension office by visiting http://solutionsforyourlife.ufl.edu/map/ or contact UF IFAS Jefferson County Extension Agent, Kristin Jackson at 850-342-0187 or jefferson@ifas.ufl.edu.
Resources:
National Institutes of Health. (2014). Vital signs Retrieve 27 August from http://www.nlm.nih.gov/medlineplus/ency/article/002341.htm
Turnner, J. (2006). How Much Should I Spend? Retrieved 27 August from http://goo.gl/d29h5r
Credit Union National Association Inc.(2014). Debt to Income Ratio. Retrieved 27 August from http://hffo.cuna.org/12433/article/316/html
