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Savings Strategies for Non-Savers

CEU approval for MFLN Personal Finance webinars expires 3 years after the live event. CEUs are no longer available for this webinar.For more information and to earn CEUs from more current webinars click here.

This webinar will begin with a discussion of the importance of saving money, types of savings, reasons to save, and why people don’t save. It will also describe the process of financial goal-setting with SMART goals to determine how much periodic savings is needed to reach a financial objective such as saving $10,000 for a car. These topics will be introduced through a Savings Coat of Arms activity and webinar chat discussion. The remainder of the webinar will describe 15 specific ways to save money and 10 ways to reduce expenses to “find” money to save. The webinar will conclude with a discussion of online resources about saving money including motivational programs and online worksheets and calculators to determine savings accumulations over time and the savings required to reach personal financial goals.

Speaker

Dr. Barbara O’Neill, financial resource management specialist for Rutgers Cooperative Extension, has been a professor, financial educator, and author for 35 years. She has written over 1,500 consumer newspaper articles and over 125 articles for academic journals, conference proceedings, and other professional publications. She is a certified financial planner (CFPO), chartered retirement planning counselor (CRPCO), accredited financial counselor (AFC), certified housing counselor (CHC), and certified financial educator (CFEd). Dr. O’Neill served as president of the Association for Financial Counseling and Planning Education and is the author of two trade books, Saving on a Shoestring and Investing on a Shoestring, and co-author of  Investing For Your Future, Money Talk: A Financial Guide for Women, and Small Steps to Health and Wealth.  She earned a Ph.D. in family financial management from Virginia Tech and received over three dozen awards for professional achievements and over $900,000 in funding for financial education programs and research.

https://www.youtube.com/watch?v=1vS5lgwcYrQ

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This website is supported in part by New Technologies for Ag Extension (funding opportunity no. USDA-NIFA-OP-010186), grant no. 2023-41595-41325 from the USDA National Institute of Food and Agriculture. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or the Extension Foundation. For more information, please visit extension.org. You can view the terms of use at extension.org/about/terms.

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