Almost every New Year, money-related goals rank near the top of resolution lists, right alongside “eat healthier.”The struggle is real. Many try to save money — at least for a few weeks — by bringing a sack lunch to work, driving past their fancy coffee shop or ignoring enticing emails of storewide clearance sales.USAA Bank surveyed people of all ages and income levels about how they save money and find extra cash in a pinch. Though many respondents said they are trying to save, most expressed difficulty doing so.“Savings are typically based on life stages. Those who are just starting out are saving for a major purchase, such as a car or home. If you’re older you’re more focused on retirement,” says Mikel Van Cleve, director of personal finance advice at USAA.As expected, USAA’s research found a person’s ability to save largely depends on their age and household income. Older Americans and those with greater incomes use their savings to cover unexpected expenses and save for retirement.Those with household incomes less than $35,000 are significantly more likely to say they’re not able to save regularly. To be sure, economists say slower income growth in the last decade also may have contributed to inadequate savings levels.When asked how they cover unexpected expenses, most respondents reported taking money out of a savings account. However, nearly half of respondents seek out additional work; 35 percent have been compelled to borrow money from family and friends; 23 percent have sold personal items and 8 percent have taken out a payday loan.More than half of American households have less than one month of income available in readily accessible savings to use in case of an emergency, according to a new report from the Pew Charitable Trusts.Household Saving Rate in the United States increased to 5.6 percent in October from 5.3 percent in September of 2015, the highest since December 2012, according to the U.S. Bureau of Economic Analysis. Personal Savings in the United States averaged 8.36 percent from 1959 until 2015, reaching an all-time high of 17 percent in May of 1975 and a record low of 1.90 percent in July of 2005.The good news is that eliminating the occasional grande macchiato and ignoring a swanky handbag that’s finally 50 percent off, might not be necessary or most effective. JJ Montanaro, CERTIFIED FINANCIAL PLANNER (TM) at USAA, said there’s a better way to save.He offers a few simple strategies to try in 2016:* Review routine bills and compare service providers. Look for ways of reducing fees and costs.* Look into refinancing your mortgage or auto loan — you may qualify for a lower rate. It doesn’t hurt to ask.* Find the right credit card. Look for a card with a low interest rate or cash-back rewards.* Trade down to a less expensive car. We often spend more on transportation than necessary.“Most people think that in order to make a dent in their savings, they have to cut out all unnecessary daily expenses like trips to the coffee shop, but there are other ways to help you save more and reduce annual spending,” Montanaro said.Brandpointcontent.com
Enyimba Goalkeeper, Theophilus Afelokhai has finally been given the opportunity to stake his claim to the Super Eagles number one shirt.He is replacing the custodian of the position Francis Uzoho, who was injured at the weekend in a Spanish second division game.Super Eagles’ Manager, Gernot Rohr disclosed yesterday that Afelokhai and the other two regular goalkeepers, Daniel Akpeyi and Ikechukwu Ezenwa would get equal opportunity to fight for the position ahead of the African Nations Cup qualifier against Bafana Bafana of South Africa and the international friendly with Uganda this month.Nigeria will travel to Johannesburg to keep a date with the Bafana Bafana in the race to Cameroun 2019 and return to take on Uganda three days later in Asaba.In the first encounter between the Super Eagles and South Africa in Uyo, the Bafana Bafana ran away with a 2-0 victory. But Rohr is boasting that his lads will get their pound of flesh in Johannesburg.Speaking through Super Eagles Media Officer, Toyin Ibitoye, Rohr said he chose to replace the injured Uzoho with Afelokhai due to the Enyimba goalkeeper’s recent form, adding that he would give them equal opportunity to grab the number position.The Franco-German said he is not worried by Uzoho’s absence because any of the keepers in camp is good enough to mount the sticks in Johannesburg.Rohr also revealed that he has been working on getting his team ready for the game in South Africa, saying he is currently reviewing past videos of matches featuring the Bafana Bafana to have a clear picture of their strengths and weaknesses.He added that arrangement has been concluded to ensure the early arrival of the players in their new camp in Asaba, which will hold the international friendly against Uganda immediately after the African Nations Cup qualifier in Johannesburg.“The three goalkeepers now have the opportunity to prove their worth in training to ascertain who gets the first team shirt. There is no automatic shirt for any of the goalkeepers invited for the game.“Our camp will open on Monday in Asaba, Delta State and we are expected to depart Asaba on a chartered flight on Thursday or Friday for South Africa.After the game in South Africa, the Super Eagles will return to the country for the international friendly against Uganda taking place in Asaba,” he said.Newsmen learnt that one of the former regular goalkeepers in the team would be dropped after the matches if Afelokhai proved better than them.This is because the coaches want to maintain only three goalkeepers in the team at every campaign.
With a week that saw over 1200 votes cast, dominated by Mark Post and Konnor Riggs, we had one of the closest votes in NEOSI history. In the end, it was Parma QB Mark Post winning the Week Eight NEOSI Player Of The Week!Post finished with 230 yards combined passing and rushing, with 2 touchdowns as well. Post was highly influential in the thrilling 24-23 victory the Parma Redmen secured over Valley Forge. It was a game that Parma actually trailed 17-0 at the break before the dominance of Post took over in the second half and led them to a huge come from behind victory over their cross town rivals.The Post led win helped the Redmen improve their record to 4-4 on the season. They will try to keep to their winning ways this Friday night as they travel to Rocky River.As always, this award is sponsored by the fine people at C. Eyers Construction.You can learn more about them hereThe NEOSI Player Of The Week Is Now Sponsored By C. Eyers Construction LLC Vince McKee Related Topics