5 Money Saving Tips
This five-step process will put you one step closer to becoming a money saving pro!
This five-step process will put you one step closer to becoming a money saving pro!
Step 1: Start saving today. The sooner you put money into your bank or investments, the quicker you'll see your dollar amount grow.
Step 2: If you can afford it, save it. Only put away an affordable percentage of your income. Typically, 10-15% of your earnings.
Step 3: Start a budget. A budget will allow you to stay on track and know what you spend and where it's going. Things to include in a budget are food expenses, rent/mortgage payments, utilities, savings, etc.
Step 4: Prepare for challenges. There’s always the possibility of running into an unexpected expense. In this case, it’s okay to pull a few dollars to cover the issue.
Step 5: Invest in your future. Investments are another great way to start growing savings. A few great investments opportunities are to purchase a house but if you’re thinking smaller investments, purchase a couple small shares in stocks. It’s thrilling to see your money go up and down.
If you need more savings tips, contact the The Lady Boss Coaches Team! We're here to help.