Bryan C. Fleming

This post is an update to the Million Dollar Savings Club. If you are not familiar with this club, you can learn more by reading my post describing it.

While going through the comments in the Million Dollar Savings Club it occurred to me, “Why not list the top savers at the end of each month?” That’s what I intend to do. I will start posting a leader-board at the beginning of each month. If you’re playing along, email me. Include how much you have in each pile (savings, investing, giveaway). For extra-proof, include a photo of your money (I will put it on the leader-board). By making it fun and having a little competition we’ll all save more money.

Million Dollar Savings Club Leader-Board for September:

1.Alex Williams $84
2. Bryan Fleming $29
3. Travis Wright $16
4. Mom2Fur $14

Obviously, don’t make any outrageous claims. If you do, I will email you back requiring proof (Pictures).

Yes, you can add more money to your piles than $1/day. We’re using $1/day as a starting point so people can get started. $1/day is the minimum to be “in the club”.

Congratulations Alex. Right now you’re the winner. But look out. There are probably some serious savers reading this blog right now.

This post is an update to the Million Dollar Savings Club. If you are not familiar with this club, you can learn more by reading my post describing it.

Here we are at day 29 of the Million Dollar Savings Club. Today I want to talk about the savings pile.

Obviously, the savings pile is for saving money. But what should you use this money for? Specifically the savings pile is to protect you from yourself.

For each of us there are times in life when you come up a short on money. Maybe it’s the end of the month. Your house payment is due and you’re stretching every dollar. You suddenly find you pushed your checking account a little too far and you have no money until your next paycheck. If you don’t think this happens a lot, look at how many pay-day-advance services have appeared in recent years.

Most people have a quick fix. They turn to credit cards to buy a tank of gas, or charge the groceries (Yes, there are people that finance food).

Your savings pile will protect you against turning to the credit card trap. It will also protect you from dipping into your investing pile. Do you see the difference? The investing pile is for investing money. For making your money work hard for you because you’ve worked hard for it. Saving money is for a rainy day. You don’t need to gain high returns on your savings; you need it for a financial cushion.

So here we are at $29 in our savings pile today. You have a small cushion for probably a tank of gas and a few meals. It’s not much, but it’s a start. The next major hurdle will be having enough in savings for a utility bill, then an unexpected car repair and ultimately a few months of living expenses.

Of course that’s a ways off. In the meantime, You can sleep better knowing the savings pile will protect you from life’s unexpected twists and turns. Best of all it’s growing every single day because you’re adding money to it.

Related Link: Payday Loans Quick cash for you

Welcome to the September 19, 2006 edition of the personal growth carnival. I’m happy to say this week is a new record! We’ve had 23 submissions, which is more than any week in the past. The carnival is certainly growing, and it shows how much talent is out there.

Next week, I have something very exciting to announce. It will be durning the carnival of September 26th. Until that time “Stay tuned”. Enjoy this week’s submissions.

Christine Kane presents How to Live a Life of Quiet Desperation posted at Christine Kane.

Peter Kua presents 7 strategic reasons to take on corporate philanthropy posted at RadicalHop.com.

Praveen presents Financial and Branding Lessons from Tyra Banks posted at My Simple Trading System.

Daniel Scocco presents Choosing a Profession posted at Innovation Zen.

Violeta presents Top 10 things successful people have in common posted at All Tips and Tricks.

Erich Jaeckel presents How to strengthen your decision making skills posted at Life Training - Online.

Shuchetana presents Happiness and Health posted at Life PBS.

Patricia presents Dream Your Dreams to Achieve Greatness and Inspire the World posted at Patricia.

Steve presents Light Up And Live posted at Poetic Pilgrimage.

David Trager presents Life Is Like A Road Trip…To Texas posted at Dave Trager.com.

Matt Hutter presents The Story of Two Bank Tellers posted at A year’s salary under the mattress?, saying, “Making daily deposits in your mind can amount to the apex of your achievement….or continued disaster.”

David Maister presents The Secret of a Great Marriage Is posted at Passion, People and Principles.

Gleb Reys presents Are You Interested? posted at Personal Development Ideas Blog.

John Buehler presents The 3rd Channel » It seems so far away posted at Rebuilding Eden.