Simple Strategies for Saving Money

Faced with a sluggish economy and flat-lining wages, a new survey from Creditdonkey.com finds that consumers will continue to focus on increasing their savings and decreasing debt in 2013. Of the 1,100-plus participants in the survey, 46.8 percent expect to save at least $100 per month in 2013; 12.9 percent plan to save at least $500 per month, and 6.8 percent plan to save $1,000 or more. By contrast, only 30.2 percent were able to save $100 per month in 2012, with just 9.6 percent putting away $500 per month, and 5.0 percent saving $1,000. On today’s episode of Your Money, Your Matters, hosts Linda Webb-Mañon and Rick Grady of the Texas Credit Union League; Todd Mark, Consumer Credit Counseling Services, and Courtney Moran, Texas Credit Union Foundation, will share simple strategies for saving money. The four will discuss among other things how to leverage your tax refund, create a budget you can stick with; pay down debt; manage credit more wisely, and save for short and long-term financial goals. Your Money. Your Matters is a weekly show broadcasting every Tuesday from 11 a.m. to noon CST. The program examines financial issues of most importance to consumers.Tune in; share your thoughts; or gain helpful advice.