SAVE  $1000   IN   ONE  YEAR

TRY THIS SIMPLE 5 MINUTE THREE STEP SAVINGS PLAN THAT WORKS FOR EVERYONE

(DO THESE IN ORDER)

Open a regular savings plan account at your federal savings bank or credit union. (You can compare accounts by going here). This savings plan depends on setting money aside in a regular savings plan account, especially at a well-respected federal savings bank. You will have a hard time building a savings plan without regular deposits into a savings plan account. So you want to have a seperate savings plan account (preferably at a federal savings bank) that is in addition to any other savings plan accounts or investments. This way you can easily track your savings plan accumulation under this simple process. You want it to be federally insured with no minimum deposit requirement and no fees of any kind. You also want to get paid interest at the highest rate you can find. Rates are pretty low right now, so it won't be easy to find a local account that pays very good. However, there is an online bank that is perfect for a good savings plan. It is ING DIRECT. Their savings plan rates are higher than certificate of deposit rates at most banks. And this is for a regular savings plan account. Open a savings account in under five minutes with no fees, no minimums and FDIC insurance. You are going to need a place to put your savings from this savings plan and ING DIRECT is among the best federal savings banks existing today.

Now where are you going to get the money to go into your new savings plan account? Well, you can use our free budget plan for a start. But that is not what this process is about right now. Gather all of your insurance policies on cars and property. Take a look at what the deductibles are for each type of loss. Call your insurance agent(s) and ask them what the insurance cost would be if you raised the deductible amount to $500 or better yet, $1,000. By raising your deductible amounts, you will probably save enough money to fund your savings plan. This depends on how much coverage you now have and how many cars or homes you have insured. I have found the average savings to be about $85 per month for the average car and home. By increasing these deductibles you will save money each month. Put that extra saved money into your savings plan account at ING DIRECT each month, and don't touch it.

Here is the easiest part. Greet everyone you meet with a big smile. You have just created a great savings plan that works without spending any money. That should make you pretty happy. Now tell everyone how smart you are and what you did. Get them to do the same thing. Open savings plan accounts for your spouse and your children. Get them to start saving too. See how simple that was? It was right there in front of you all the time. And it didn't cost you one red cent!

Jay at Foxway says, "After 20 years of auditing experience, I've learned that everyone needs a good savings plan for emergencies. This is the best way I know for anyone to save a lot of money fast."

"Now get busy, open that account in less than five minutes, raise your insurance deductibles (takes about a ten minute call to do this), and put the difference in your savings plan account. You will be well on your way to your FIRST $1000 of savings!"

P.S. At right I've included an up-to-date chart showing the national average rates paid on certificates of deposit. Compare your local regular savings plan account rates to these CD rates. ING DIRECT is better than many CD rates! I've checked rates all over the US and that's why I recommend ING DIRECT.