Simple Savings Plans

To get started, here is a sample budget sheet. It is an excel sheet that you can input or take away data. Instructions on how to use the formulas is also out to the side.

The Savings Plans are split into 4 categories: Bronze, Silver, Gold and Platinum. You can read through each and decide which is best for you. 

Plans are meant to be starting points. I suggest you utilize the Sample Budget Sheet to get a clear view of what you are able to save. ALWAYS pay yourself first (save & invest).  

Start saving now with Digit. What is Digit?  It’s an app that allows you to save by automatically transferring money over into an account. Completely safe and all participating banks are FDIC-insured. 

Noteworthy Savings Accounts:

Chime

Discover

CIT Bank

Capital One

Budget Tracking:

Mint

YNAB

Pocketguard

Debt Payoff:

Snowball Method: from Dave Ramsey

It looks something like this:

Step 1: List your debts from smallest to largest regardless of interest rate.
Step 2: Make minimum payments on all your debts except the smallest.
Step 3: Pay as much as possible on your smallest debt.
Step 4: Repeat until each debt is paid in full.

Avalanche Method:

Targets debts with the highest interest rates first. This route may help you save time and interest over your debt payoff journey

Apps for Children Financial and Wealth:

  • Savings Spree: fun App with a serious lesson for children ages 7 and up (younger children can play too with a little help from mom and dad or an older sibling). The game teaches kids how the daily lifestyle choices that they make can add up to big savings or big expenses, depending on how they choose to spend (or not spend) their money. Savings Spree shows kids that they can SAVE their money for short term goals (like a bike or an MP3 player), SPEND wisely by making more frugal decisions, DONATE to others or INVEST money so it will grow to meet future needs like a college education

  • Bankaroo: a virtual bank for kids, where you can teach them about the value of money in a safe environment. Kids will learn how to budget, save up for goals and spend responsibly using our cool easy-to-use app and website.

  • Piggybot: Teach your kids money smarts with PiggyBot™ — the award-winning app from Kasasa®! Start an account for each child, and monitor each account from a single screen. Set goals, assign chores, and keep track of IOUs. It’s never too early to get your family talking about smart spending, sharing, and saving. 

  • IAllowance: Put piggy banks and paper money behind you! iAllowance is the only thing you need to manage your child’s finances and teach him or her about saving and spending money. Whether you want to set up a weekly allowance or pay out a special reward, iAllowance handles everything for you with an eye-pleasing and easy-to-use interface

  • Greenlight: debit card for kids, managed by parents. But it’s so much more than that. Our tools give parents superpowers, with more flexible controls than any other debit card.

  • U-Nest: Mobile app that allows parents to save for their child(ren) future.

(c)TD&F Investment Group