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Special Edition
Special Edition 2018
University of Florida IFAS Extension Orange County Family & Consumer Sciences Newsletter
Also in This Issue:
We’re On The Web! http://orange.ifas.ufl.edu
6021 S. Conway Road Orlando, FL 32812
407-254-9200
Living Well in Orange County
Florida Saves Week! 2
Help Children Save 2
Florida Saves Week!
Editor : Jenny Rodriguez Prepared by: Jenny Rodriguez
By Jenny Rodriguez
That $100 you tuck away is not much now, but consider this: if you saved $100 each
month for a year, you’d have $1,200 in your bank account. That’s a good financial
cushion that can keep you afloat when the unexpected happens. Another strategy is to
review your budget and cut down on small expenses that you won’t notice individually
but add up significantly. Turn the thermostat down a degree or two, clip some
coupons, and cancel unnecessary services or memberships.
For more Information visit www.FloridaSaves.org
Savers with a plan can be over twice as likely to save successfully for things like retirement. Start your savings habit during
Florida Saves week by creating a simple savings plan when you take the Florida Saves Pledge for a chance to win up to
$750.
Money Management Tips
Florida Saves Week: Build your
savings a little at a time
It’s tax time, and many of us will be seeing
refunds checks soon. Time to celebrate!
It’s also a time to reflect on what you will
do with all that extra cash.
Here are some quick considerations before
you make a decision: Track your expenses; Identify spending leaks Identify needs vs. wants Establish written financial goals Develop a spending-savings plan
One area to consider are any medical bills.
But after that, let’s say you have some
money left over. What then?
Think about putting those extra dollars in a
savings account. Or, if you don’t have a
savings account, open one. Even if it’s just
$100, that first deposit could be the start of
a lifelong savings habit.
Why is it important to save? To answer
this question consider your circumstances
today and right now. Are you a busy par-
ent running from work to multiple after
school activities with your kids? Or are
you a College student navigating your way
through college life, rationalizing whether
or not to purchase that $100 book you
need for your Chemistry class? Or perhaps
your spouse has just been laid off from
work? Do you find yourself without trans-
portation because your car needs some ma-
jor repairs?
These little emergencies come up all the
time. Our attitudes and habits related to
money will provide the key to our finan-
cial and life success.
As part of our Florida Saves Week incentive organizations
have the opportunity to promote good savings behavior and a
chance for individuals to assess their own saving status. If
you’d like to take part of this great Florida Saves mission,
take the America Saves Pledge!
Ten Florida Savers will receive $50! Sign the pledge and take
the Saver Survey to be eligible! For more information CLICK
HERE!
Florida Saves
Every month we offer an
assortment of workshops and learning
opportunities.
Please visit our Eventbrite page to
learn about upcoming events and to
register:
http://oclivingwell.eventbrite.com
or stop in for a visit
Mon-Fri 8am-5pm
UF IFAS Extension Orange County Family & Consumer Sciences Faculty:
An Equal Opportunity Institution. UF/IFAS Extension, University of Florida, Institute of Food and Agricultural Sciences, Nick T. Place,
dean for UF/IFAS Extension. Single copies of UF/IFAS Extension publications (excluding 4-H and youth publications) are available free to Florida residents from county UF/IFAS Extension offices.
By Jenny Rodriguez
Help Children Save
Helping our kids build solid money habits are key to
ensuring a successful financial future. No matter what
age, kids learn from watching their parents and will
often imitate what they see and hear around them.
Your words and actions are opportunities to share
money lessons. Try some of these easy tips to help
your child understand the importance of saving and
establishing healthy money habits.
Make your shopping list together—don’t just list
what you need but try listing out loud each item and
it’s cost. This process allows you to share your
reasoning with them. Each item you put in your cart
is a chance to tell your kids why you’re buying it
instead of a similar item at a different price point.
When your children get an allowance or money for
their birthday, and they save up to buy something
you think they’ll regret later, let them purchase it.
Kids will look back at those moments where they
worked hard to save on a toy they used only a few
times and may make different choices in the future.
It’s a great moment for them to experience now
than when they are older.
Jenny Aviles Rodriguez Stable Housing/Energy Efficiency/
Financial Confidence & Independence jennyarodriguez@ufl.edu
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