Is Owning a Home Right
for You?

In our fast-paced American culture, time is seen as money and money is meant to be spent. People look for bigger, better, faster, more. That is until recently when financial security began to waver and even crumble. Suddenly, saving has begun to make sense to those who never even gave it a passing nod. Now what?

According to recent research,* active savers display four distinct characteristics that separate them from those less inclined to stash their cash:

1. Savers start early. Translate that to NOW. Cut unnecessary expenses – the morning latte, dinners out, impulse buying. Keep track of where you spend money for a month. Then, cut out whatever isn’t essential.

2. Savers are less hedonistic. Let instant gratification take a back seat. Think about the long term. Pay down high-interest debt. Purchase high-ticket items with cash, not credit. Instead of upgrading to the next new thing or buying a high-tech gadget, put money into savings.

3. Savers know their limits and stay within them. Begin by having a specific amount deducted from each paycheck and put into savings. (Read about SESLOC’s Sunny Day program). If you don’t see it, you won’t miss it. Embrace frugality and purchase items based on need, not desire.

4. Savers are happier with their financial situation. Once you have a nest egg, you’ll feel more secure. SESLOC’s Sunny Day program can help you build financial security. Or ask about our Building Block add-on certificate.