Persuasive Speech (Saving Money)

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-Imagine this We buy a house, and then move into our new house. We have a plumbing nightmare occur that end up costing us over $2,000. With absolutely no savings in sight, we end up borrowing the money to pay the plumber. Imagine: how stressed we are at the time. -One thing that we should learn since then is how valuable having a savings account is, to cushion the blow when life happens. - If you are breathing right now then you know that life happens at the most inconvenient time, so you must be prepared. -As a college student, I am sure you can relate to how painful it is when it’s time to pay tuition or buy those expensive books, and you have to borrow money or spend the light bill to do it. Transition: (Can you remember a moment in your life when an unexpected event caused you financial stress? I bet you can, and I bet you remember thinking to yourself- how in the world am I going to deal with this?) I. 7 out of 10 people say they are “very stressed” about money. A. Financial stress can negatively affect your health in many ways. 1. It can cause unhealthy coping behaviors in order to deal with anxiety. Smoking, drinking, and overeating are just a few coping mechanisms. 2. It can leave you with less money to properly take care of yourself. People who are under stress tend to cut corners in areas such as health care. 3. Financial stress can lead to problems sleeping. 4. Unhealthy emotions can also be triggered by stress related to money. B. Financial stress causes marital problems which can lead to divorce. According to divorcereform.org, financial problems are listed as one of the most common causes for divorce. Transition: (Now that you understand the problems associated with financial stress, let’s look at how the benefits of saving money can allow you to breathe a little easier.) II. Financial preparation by saving money can not only reduce stress, but it can also ensure a better quality of life. A. When you have an emergency fund to cover unexpected emergencies, you can easily cover the expenses 49% of Americans could cover less than one month’s expenses if they lost their income. B. By planning for your retirement and saving early on, instead of relying on the bankrupt promises of Social Security, you can experience a greater quality of life. Nearly two-thirds of retirees count on Social Security for most of their retirement income. 39% of Americans aren’t saving for retirement!

C. Avoid debt, using debt for purchases ensures that you will pay more than if you used cash.  You pay more over time in the form of interest, for the privilege to buy something you do not have the money for. D. One of my favorite benefits that come from saving money is the opportunity you will have to give in order to help others. If you have 3/6 months of expenses saved up, no debt in sight, and continue to save for retirement, giving someone a gift instead of a loan is actually a possibility. I. Saving money is a priority and when you have a security blanket, because you committed to also having a plan, you’ll have no reason to be stressed out about money. II. Your new plan to save money can change your life! III. You may be familiar with the old story about the ant and the grasshopper. The question is do you want to be the ant, or the grasshopper? 1. The ant prepares first, and eventually enjoys his rewards. 2.
The grasshopper lives for today and has lots of fun, but when the snow comes he realizes his mistake.

Either way, you will have to be both, so why not make the decision to be the ant now, so later you can be the grasshopper? Nobody wants to reach retirement and deal with the stress of having to work like an ant!

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