Feeding the Pig Makes Me Financially Savvy
Saving money is critically important in today’s society. Unfortunately, a majority of young adults are still struggling with exorbitant debt and a lack of personal budgets to help save for the future. For the past decade, Ad Council and AICPA’s Feed the Pig campaign has been working to improve financial literacy among Americans by encouraging them to make savings a part of their daily lives.
Saving as an entrepreneur can seem even more challenging. You do not have that regular direct deposit paycheck, so you really must get creative. I am relying on only myself as an entrepreneur, to not only make things happen but to make sure that my savings goal is being met as well. This is the case with anyone who is looking to save. Whether you have a 9-5 job or you are working for yourself, you should be dedicated enough to plan and act to save.
Your action today can legitimately change your life. But how do you know what financial decisions are the right ones? There are tons of resources and articles out there on what people think you should do with your finances, but not everyone could possibly understand where you come from, where you are going, and what your future financial goals are.
I have found that FeedThePig.org has helpful resources to enable us to figure out how and where to save more and spend wisely, including a new game called Yesterday’s Tomorrow. The game is like a “choose-your-own-adventure” in the form of a digital photo album! You develop a relationship with a future version of yourself – how incredibly cool is that? You jump through key life stages and instantly see the outcomes of those choices you make from teenage years all the way through retirement. As you think through some life decisions like school, job, and awesome vacations, you will see how your choices may save or lose money. No one wants to blow their money needlessly, right?
When it comes to saving money – it is never too early to start planning. Starting early gives your savings that much more time and potential to grow. Waiting to save – or not having the knowledge to even know you should be saving – could have a major impact on your life that you don’t even realize until it’s too late. Murphy’s Law reminds us that “anything that can go wrong will go wrong.” Maybe it is not so healthy to have such a pessimistic outlook, but when it comes to building a robust financial future, the best action is to be ready no matter what.
My advice is to start prioritizing saving today, no matter your age. Even if you can’t save very much, start by saving something. If you are not saving, you need to be doing something else that is financially urgent with your money.
Achieving the goals that are really important to you is a marathon, not a mad dash. It’s also a relay, won $10 (or even $5!) at a time.
Aside from physically putting aside money in a bank, technology has allowed us to save up on a few areas as well. Advances in technology have paved the way for smarter use of the dollar. There are existing inventions and modern applications that can help us increase our savings.
After using Feed the Pig’s resources, I realized that just by switching up how I spent my money, I could really begin to save. It felt impossible before, but playing through Yesterday’s Tomorrow helped me to focus more on my future self and realize the different ways to reach those goals for where I want to be financially. It is also a great game to show tweens and teens the importance and impact of specific financial decisions. At that stage in life, all they can think about is the fun stuff. This shows them how great the fun stuff can be, and how to get to a point where you can do the fun stuff without losing out on the important stuff too.
For more information and to play the game, visit FeedthePig.org!