- Shift out of automatic. Have you established automatic bill pay at your bank or service provider, or automatic charges to your credit card?
Big goal: Reduce total expenses and increase savings.
- Take the urgency out of emergency. Sure, you know that having an account with enough funds specifically earmarked for emergencies is a good idea. But the amount you need to save seems overwhelming. The good news is you don’t have to immediately fund six months of living expenses.
Big goal: An emergency fund with enough cash to cover six months of expenses.
- Give yourself credit. Maybe you intend to pay off your credit card debt. But do you have a plan? Knowing where you stand is the first step in getting to where you want to be.
Big goal: Eliminate finance charges by being able to pay off your balance each month.
- Retire your excuses. Does your employer offer a retirement plan? If so, you may be leaving money on the table.
Big goal: Maximize your retirement contributions.
Small steps can lead to big improvements in your financial well-being. Contact us for more tips.