Jewel Tankard Money Lessons, Part II

I love Christmas and all that it means, like giving gifts and seeing the excitement on my loved ones’ faces as they open them.

Still, I am convinced that shopping the week after Christmas is really where the excitement — and savings — lies.

Think I’m exaggerating? I’m so not. Two days after Christmas I went into Hobby Lobby, a local decor shop, to purchase Christmas decorations — they were discounted 80%! I was able to purchase items originally priced at $2200 for a mere fraction of the cost. And decorations aren’t the only space were you can rack up. Even if you don’t celebrate Christmas, shopping after December 25th into the New Year is just a win-win situation.   Everything from furniture to clothing to amenities are marked way down.

For example, at the end of the year I call my phone carrier and ask about new plans.  Many carriers discount their packages at the end of year, so a simple call saved another $130 a month on our family plan — just by asking!

I think 2014 needs to be about cutting the fat, saving and investing.  We always talk about savings, which is necessary because you always have to be able to get your hands on cash. But  what our community often neglects in conversation is investing, which is vital because it grows your money. Insurance is one of the best vehicles to invest in.

One my top investments is the index universal life policy allows you to have life insurance, disability, cash and a lifetime income rider that will pay you an annual income every year you start withdrawing it until the day you die.  But it doesn’t stop there. After your demise, your family will still receive a death benefit.  This simple insurance policy has been popular in other communities for a while, and it’s time we got on board, too!

We have to be sure that we are building wealth and not spending it.  Contrary to what most people think you don’t have to wait until you are making a $100,000 to make your money really grow.  You can start by saving and investing as little as $30 a month.  Of course the more you put in the greater the output, but it’s better to start now with what you have.  A few little adjustments in your life can make a huge difference.

I hope you had a wonderful holiday, and I can’t wait to share with you again! For more info, visit, and follow me, Jewel Tankard, on Twitter @Jeweltankard.