HOUSTON, Dec. 11 /PRNewswire/ -- Resolving to save money at the start of each new calendar year is a tough pledge for most people to keep. In fact, Money Magazine reported that 37 percent of Americans planned to make New Year's resolutions in 2007 that involved their finances (up from 24 percent last year), however, 25 percent abandon their goals within the first 15 weeks.
Family budgeting expert Jonni McCoy has five simple rules that friends and family can't afford to ignore when trying to stick to their New Year's Resolution to save money:
1) Know your goal. Whether you're saving for retirement or a beach
cottage, determine how much you need to save to get what you want.
Make your goal the finish line and establish how much you need to save
(or cut-back) monthly to reach your goal. It is the small sacrifices
that will really add up.
2) Look for the holes (and where you're overspending). Identify those
budget-busters in your monthly spending habits. Many times the right
place to start is with leisure or entertainment spending. For
example, if someone in your household loves to read and spends a
significant part of the budget on books, try signing up for the
Interlibrary Loan system. It provides readers access to libraries
across the country and offers the opportunity to save hundreds of
dollars on book purchases each year. However, it is not just the
"nice-to-haves" that impact the bottom line. The "must-haves," or
daily necessities, can also be purchased more economically. Grocery
shopping, for example, can be another budget-buster. Many people don't
know that coupons are for brand name items and even when you use
coupons you pay more than lesser known brand names. McCoy once
participated in a TV grocery competition against a coupon "king" to
see who could save the most. Her method (letting sale items determine
the menu and cooking from scratch) saved nearly double what he saved.
The coupon user had $46 worth of coupons taken off of his receipt, but
left him with a food bill of $72. McCoy's total grocery bill for a
family of four was $49.
3) Use a rebate card. Make your money work for you whenever possible and
in a way that works best for your lifestyle. For those who spend a lot
of time in the car, find ways to save at the pump and on other
purchases. The Shell Platinum MasterCard(R) from Citi(R) Cards offers
an outstanding rebate program, with 5 percent rebates on all Shell
gasoline purchases and 1 percent rebates on all other purchases made
with the card.
4) Save automatically. The best way to save is when you never see the
money in the first place. Have a certain amount automatically
withdrawn from your paycheck and set aside into a savings account. The
key to making this work is the type of account you pick, and how hard
it is to get at the money. To make transferring money difficult, avoid
putting savings funds into a savings account that is attached to a
checking account. Also, don't opt for an ATM card to make getting
money a lot less convenient, or better yet, pick time-locked accounts
for three, six or 12 months. These are great for vacation funds.
5) Get the family involved. Have your entire family contribute towards
your goals. Something even as small as having your children set up a
lemonade stand to help raise money for a vacation is a great way to
spend quality time together while teaching a lesson about the value of
money and saving.
The New Year is the perfect time to take control of finances and start off on the right financial foot. Following these simple money-saving tips will help put a checkmark next to this year's resolution.
Shell Oil Products US, a subsidiary of Shell Oil Company, is a leader in the refining, transportation and marketing of fuels, and has a network of approximately 6,600 branded gasoline stations in the Western United States. Shell Oil Company is an affiliate of the Shell Group [ (NYSE: RDS.A) and (NYSE: RDS.B) ]. For more information, please visit http://www.shell.com. Motiva Enterprises LLC refines and markets branded products through more than 9,000 branded stations in the Eastern and Southern United States. Shell Oil Company is a 50 percent owner of Motiva Enterprises LLC, along with Saudi Refining, Inc.
Citi, or Citi Cards, is a member of Citigroup (NYSE: C) . Citigroup, the preeminent global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex. Additional information may be found at http://www.Citigroup.com.
Disclaimer statement:
This announcement contains forward-looking statements that are subject to risk factors associated with the oil, gas, power, chemicals and renewables business. It is believed that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables which could cause actual results, trends or reserves replacement to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, risks associated with the identification of suitable potential acquisition properties and targets and the successful negotiation and consummation of transactions, the risk of doing business in developing countries, legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorization of reserves, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.
Please refer to the Annual Report on Form 20-F for the year ended December 31, 2004 (as amended) for a description of certain important factors, risks and uncertainties that may affect the Shell Group's businesses. Neither Royal Dutch Shell plc nor any member of the Shell Group undertakes any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or other information.
Cautionary Note to US Investors:
The United States Securities and Exchange Commission ('SEC') permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as "expected producible resources" and "amount of reserves we expect to produce", that the SEC's guidelines strictly prohibit us from including in filings with the SEC.
Website: http://www.shellus.com//