ALICIA.
>>JENNIFER WAUGH: SINCE THE START OF THE PANDEMIC RESEARCH SHOWS THAT MORE THAN 3 QUARTERS
OF AMERICANS MANAGE TO SAVE THE
SAME AMOUNT OF MONEY OR EVEN
SAVE MORE. ONE STUDY BY REGIONS
BANK FOUNDED 45% OF RESPONDENTS
SAY THEY HAVE ADJUSTED THEIR
SHORT-TERM FINANCIAL BUDGET.
33% OF THOSE THAT HAVE SAVED
MORE ADJUSTED THEIR BUDGET TO
DO SO AND 19% SAY THAT THEY
HAVE MADE OR ARE MAKING
INVESTMENTS TO CREATE A BETTER
WORK FROM HOME ENVIRONMENT.
JOINING ME NOW TO TALK MORE
ABOUT THE
STEPS THAT YOU CAN TAKE RIGHT
NOW WHEN BUILDING YOUR SAVINGS
DURING THIS TIME.
LISA SUMMERS IS A FINANCIAL
WELLNESS RELATIONSHIP MANAGER
AT REGIONS BANK GOOD MORNING,
ALICIA ALWAYS GREAT TO HAVE YOU
ON
THE GO. GOOD MORNING GREAT TO
BE WITH YOU SO I THINK THAT
WHAT IS PERHAPS SURPRISING
ABOUT THESE NUMBERS FOR OUR
VIEWERS IS BECAUSE AS WE HAVE
FOLLOWED VERY CLOSELY MILLIONS
OF AMERICANS LOST THEIR JOBS
AND MANY OF THEM ARE STILL OUT
OF WORK. SO I
I SUPPOSE THAT THE SILVER
LINING FOR THOSE WHO MAINTAIN
THEIR JOB IS THAT THEY ARE ABLE
TO NOW AND HAVE BEEN ABLE TO
SAVE.
>> AND THOSE THAT MAINTAIN
THEIR INCOME. HOW RE PRIORITIZE
THEIR GOALS WHEN IT COMES TO
THEIR FINANCIAL PICTURE.
I MEAN THEY PROBABLY MOST OF
THEM TO CHANGE THEIR SHORT-TERM
GOALS AS WELL AS THEIR
LONG-TERM SAVING STRATEGY AND
NOT HAVING YOU KNOW THE DAILY
EXPENDITURES MAY BE GOING
TO AND FROM WORK IT OR NOT
HAVING THE ENTERTAINMENT
CHOICES THAT THEY ONCE HAD
IT’S BEEN YOU’RE ABLE TO BUILD
THEIR THEIR SAVINGS STARTING
THIS TIME RIGHT SO NOT MAYBE
EATING AT RESTAURANTS HAS
FREQUENTLY I KNOW MY HUSBAND IS
SAVING A LOT ON GAS GOING TO
AND FROM WORK SINCE HE’S
CURRENTLY WORKING
FROM HOME.
>>JENNIFER WAUGH: THERE’S ALSO
DRY CLEANING BILLS AS WELL THAT
PEOPLE ARE SAVING ON SO IT
CERTAINLY MAKES SENSE WHEN YOU
THINK
ABOUT IT. SO FOR THOSE WHO ARE
AT HOME NOW AND MAYBE HAVEN’T
BEEN AS
GOOD ABOUT SAVING MONEY AND I
THINK THAT THE PANDEMIC REMINDS
US THAT WE JUST DON’T KNOW WHAT
COULD HAPPEN
AND THAT WE NEED TO ALWAYS SAVE
FOR THAT RAINY DAY FUND AS WE
FREQUENTLY REFER TO IT.
WHAT SUGGESTIONS DO YOU HAVE
BEGINNING WITH MAYBE GOAL
SETTING. TO HELP THEM, YOU KNOW
SAVE.
>> ABSOLUTELY SO PERCENT OR
REVISIT YOUR GOALS YOU THINK
ABOUT YOUR SHORT TERM WHAT DO
YOU WANT TO ACCOMPLISH IN THE
NEXT
12 MONTHS YOUR MEDIUM TERM NEXT
2 TO 5 YEARS AND 5 YEARS OR
MORE. IT’S 8 YEARS. BENNETT,
YOUR SAVINGS GOAL HAS TO BE
FLEXIBLE HAS TO BE REALISTIC.
WE HAVE TONS OF RESOURCES OUT
THERE ON OUR WEBSITE.
THAT WWE REGIONS DOT COM
FORWARD SLASH NEXT STEP
PUT THEM TO WORK FOR YOU AND WE
HAVE FINANCIAL GOALS WORKSHEETS
PODCAST THOSE KINDS OF THINGS.
ONCE YOU’VE SET A REVISIT THOSE
CALLS BUILD AN EMERGENCY FUND.
IT EVEN JUST PUTTING.
10 TO $20 TO $5 AWAY
EACH WEEK. IF YOU ARE
DISCIPLINED ABOUT IT AND SPEND
THE TIME TO DO IT. IT
WILL CREATE SAVINGS NEST EGG
FOR YOU AND GET YOU SOME MORE
FINANCIAL SECURITY WHEN AN
EMERGENCY HAPPENS. IT’S
I THINK.
>>JENNIFER WAUGH: YEAH, I’M
SORRY YOU’RE SO RIGHT BECAUSE I
THINK THAT SOMETIMES YOU’RE
LIKE I JUST DON’T HAVE ENOUGH
TO SAY, BUT EVEN 5 OR $10 AS
YOU MENTIONED CAN REALLY
ADD UP OVER A YEAR TO OR EVEN
LONGER I TELL MY KIDS THAT ALL
THE TIME AND THEN I KNOW THAT YOU’RE GETTING READY TO TALK ABOUT THIS AND I THINK THAT
THIS IS SO IMPORTANT BECAUSE
MANY PEOPLE TEND TO USE THAT
CHARGE CARD. MORE OFTEN THAN
THEY SHOULD. BUT
WHAT ABOUT SAVING OR REDUCING
DEBT WHICH IS A BETTER IDEA AT
THIS POINT IF YOU HAVE A LITTLE
EXTRA CASH.
>> WELL THERE’S A THERE’S A BIG
CALCULATORS AND WE HAVE SOME
ARTICLES OUT THERE TO SHOW YOU
THAT I AM BUT YOU CONSIDER DEBT
REDUCTION
VERSUS SAVING. IT CAN BE AN AND
4 YEAR AND OR DEPENDING ON YOUR
PERSONAL SITUATION. MAYBE IT’S
THEIR ENDURING ALL THAT
PRODUCTION BUT DON’T DON’T
FORGET TO STILL SAVE KNOW EACH
AND EVERY WEEK EACH AND EVERY
MONTH TO BUILD THAT EMERGENCY
SAVINGS UNDER CUT BACK ON
UNNECESSARY EXPENSES. I YOU
KNOW WE HAVE THE 7 DAY RULE IF
IT GOES INTO AN SHOPPING
CART ONLINE. WE HAVE TO LET IT
SIT THERE FOR 7 DAYS TO DECIDE
IF WE REALLY WANTED IS AN
IMPULSE PURCHASES THAT
SOMETHING REALLY YOU NEED
VERSUS WHAT WE WANT. AND YOU
KNOW A GOOD WAY TO RE EVALUATE.
IT DOES IF YOU HAVEN’T FILED
YOUR CREDIT REPORT.
WELL YOUR CREDIT REPORT AT THIS
TIME MAKE SURE THAT YOUR DEBTS,
YOU’RE REVIEWING YOUR DEBTS,
YOUR
INTEREST RATES. HOW YOUR CALL
CALL YOUR FINANCIAL
INSTITUTIONS TO SAY IS THERE
YOU KNOW IF YOU’RE A GOOD
PLAYER AND YOU’RE MAKING GOOD
STRIDES IN THAT IS THERE IS
THERE ANOTHER. OUT OF SERVICE
YOU COULD
BE UTILIZING YOU KNOW THROUGH
THAT CREDIT CARD PROVIDER THAT
COULD BE SAVING YOU MONEY ON
THE OTHER SIDE AS I LOVE THE
IDEA OF PUTTING THAT
AMAZON, WHATEVER IS IN THAT CAR
THERE FOR 7 DECADES THAT SUCH
A CAFE WITH A 7 DAY RULE US TO
STOP AND THAT THE BOARD WE HIT
YES.
>> WE’RE READY TO ORDER.