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How to Save Money

In: People

Submitted By devilmarini
Words 1014
Pages 5
How to Save Money
Park University
Angel Marini Torres

How to Save Money
Park University
Angel Marini Torres
08
Fall
08
Fall

Abstract

Today we will learn different ways of saving money for emergency funds and special occasions. By opening a second savings account you will find it simpler to start saving money and creating an emergency fund for yourself or family. To put more money in to your 2nd savings account, sign up free direct deposit from your checking account to your savings account this way you are not as tempted to spend the money. Tossing away your ATM card will help you have a harder time to create that temptation of withdrawing money from your second savings account. $1,378.00 easily achievable with the 52-week technique. There are many ways to save money and the ones presented are just a few.

Speech #2: Informative Speech Outlines Guide

Name:

WORKING OUTLINE

Topic: How to Save Money

Specific purpose statement: To inform my audience of different ways to save money in this overall exhausting economy.

Thesis statement (central idea): Money saving techniques for all occasions

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Organizational pattern: Sequential
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Introduction I. Attention-getter: Money is an essential part of life now a-days, unfortunately most of us don’t save or plainly don’t know how. Wouldn’t it be awesome to know different techniques on how to save money? Without bumping your head? Saving for special occasions like the holidays, birthday parties, etc. II. Audience relevance: Today we will learn different ways of saving money for emergency funds and special occasions III. Central idea: By opening a second savings account you will find it simpler to start saving money and creating an emergency fund for yourself or family. This saving account will only be for emergency only. A technique I have learned to save money will allow you to make up to $1,378.00 in a year. By using this simple technique, you will find that it is simple to save money. IV. Credibility statement: I have used this technique and many of my friends and family members as well and every year we are excited to realize that we have this money available to us. V. Preview statement: In order to save money, you have to open a second savings account and use the technique I have learned to save money in a year.

Transition statement: Now let’s go ahead and start with opening a second savings account,

Body I. Main point: Opening a 2nd Savings Account helps to save money easier and in a structured manner. It will help you track your savings and also easier to set up automatic withdrawal from your checking account free of charge. Getting rid of your ATM card will help you to stay away from impulsively taking out money. A. Track your Savings 1. Opening a 2nd savings account will help you to track your savings a. Each account you open should have a set goal for the amount you are saving, this will help you keep track of that goal and make it easier to achieve it. Some financial institutions even offer special tools like excel for you to keep track and change your expenses, virtually making it easier to save money.
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B. Transferring Money from your checking account to your 2nd savings account becoming easier. 1. To put more money in to your 2nd savings account, sign up free direct deposit from your checking account to your savings account this way you are not as tempted to spend the money. C. Get rid of your 2nd savings account ATM card. 2. Tossing away your ATM card will help you have a harder time to create that temptation of withdrawing money from your second savings account. You eventually forget it exist and if you really do need money you can always go directly to the bank and withdraw it, but since most of us are lazy we will just leave the money there and actually think about if we really need it or not.

Transition statement: Having a 2nd savings account is great at helping us save money but how do we actually save money next I will show you a technique I learned to save money for special occasions or emergencies.

II. Main point: How to Save money for emergencies or a special occasion. D. $1378.00 is a lot of money to save in a year especially with today’s economy. 3. This is easily achievable by using the 52-week technique you will simply put the amount of money of the week you’re in. For example, for week 1 you will put in to savings $1 then for week 2 $2 etc. Continuously until you reach the 52 weeks creating a total savings of $1,378.00 in one year

Transition statement: With different techniques you are able to fulfill a good saving amount in a year.

Conclusion 1. Restate the main points: To conclude there are many ways to save money but with Opening a 2nd savings account and using the 52-week technique you are on your way to save even more money. 2. Restate the central idea: By opening a second savings account you will find it simpler to start saving money and creating an emergency fund for yourself or family. This saving account will only be for emergency only. A technique I have learned to save money will allow you to make up to $1,378.00 in a year. By using this simple technique, you will find that it is simple to save money. 3. Clincher: I challenge each and every one of you to start saving money with these techniques and you will enjoy seeing your money grow. It all takes a little patience and the right attitude.

References http://www.bankrate.com/finance/savings/4-reasons-multiple-savings-accounts.aspx http://www.mattaboutmoney.com/2011/03/28/why-two-savings-accounts-are-better-than-one/ http://www.moneycrashers.com/multiple-bank-savings-accounts/

https://www.bankofamerica.com/deposits/manage/ways-to-save-money.go

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