Sometimes you just need someone to run your financial plan by to give you that extra reassurance and make sure that you are on the right path. Well, two lucky winners will have the chance to go over their financial plan with me!! Check out the rules below. I’ll be selecting the winner on Wednesday!! ⠀
3) Comment on the debt payment methods posts which method is more appealing to you (snowball vs. avalanche). ⠀
4) Tag 2 friends in this post who you think can benefit from my content. ⠀ ⠀
May the odds ever be in your favor!! Looking forward to connecting with the winners!! Don’t be discouraged if you don’t win. I still plan on posting great content to help you on your journey@and you can always slide into my DM’s 😉 with questions.
If you’re expecting a tax refund this year, you need to have a good plan for your money. Maybe you already have the funds earmarked for some spending – but before you let your tax refund burn a hole in your pocket, remember that the government isn’t sending you a bonus check, but rather money that should have been yours all along. ⠀
Don’t get caught treating your refund check any differently than you’d treat your weekly or monthly paycheck. Give the money a purpose. Think about your personal financial situation, and determine your needs. Here are several financial priorities you may want to consider: ⠀
Start or Increase Your Emergency Fund - Without an emergency fund, just one surprise major expense can send you on a debt spiral toward financial disaster. ⠀
Pay Off High-Interest Debt - After establishing an emergency fund, the next best thing you can do with your tax refund is reduce or eliminate any high-interest debt that you’re carrying (see previous post on debt payment methods). ⠀
Start Itemized Savings Accounts - Putting your refund toward specific savings goals can prevent you from taking on debt down the road, when needs or desires arise. ⠀
Get a New Business Up and Running - Have you been looking for seed money to take your business to the next level? Do you have a venture that you want to start? You can use your refund to move in the right direction. ⠀
Today I was asked a really great question:
What separates potential house hackers from those that actually do it? 🧐 Sidenote: house hacking is when you buy a house, live in one of the units/rooms and have renters pay the mortgage/other expenses. 🏘️ But this could apply to literally any opportunity or thing people say they want to do but don't.
My response? 👇
Fear obviously plays a role.
But I also think that those who have put in the work to understand what it is they want their life to look like, and have mapped out a plan with goals to get there are motivated by this vision in their mind of what they want. ✨ They're inspired by the life they are building, and driven to make moves to get there. Those who don't haven't gotten clear with themselves on their values and what life they want to create that will maximize time spent on what they love. ❤️
Agree or disagree?
P.S.: Thanks to @househackingsuccess for the fun interview today. Can't wait to share this podcast episode when it's live! 👋
Writing the budget isn’t the hardest part budgeting. Sticking to it is! Following through and staying focused is where the struggle is at. #ridingthestrugglebus
When we went through our finances to see where our money was going... we found out we were eating and drinking it. Like seriously stupid spending on food.
We, like a lot of people, would throw ridiculous amounts of food away, buy food we didn’t need, and let fruits and veggies rot. 🤦🏻♀️
So my mission for us was to really pull in the reigns on grocery shopping and cut eating out to once or twice a month. We only ate at a restaurant once in January... HOLLA!
To help us, I created this weekly meal plan. It helps us know what we are having every night, ONLY shop for the meals and snacks on the list, and gives everyone in the family a chance to say a meal they want.
A new item on our shopping list this week is Banza noodles. I normally don’t eat pasta because of the carb content, but these aren’t too bad on net carbs once you take the fiber out. Have any of you tried them??
Let us vow to work hard to make our nation grow with each passing day. Let us promise to make our nation a proud country with our dedication.
Happy Australia day Budget lovers!
Come join our group for bargains, deals, competitions found on the net, recipes, prizes plus more
🙋🏽♀️🙋🏽♀️🙋🏽♀️Raise your hand if you agree. 🙋🏽♀️🙋🏽♀️🙋🏽♀️⠀
Learn to manage what you have FIRST and then focus on getting more money.⠀
Ready to get started? Schedule your FREE Money Strategy Consultation. Link in bio.⠀
credit: @andrewhovart_ ... If you agree, let me know in the comment section!
I already know that the work being put in now will lead to multiple 6 & 7 figures in 2020.
If you’re trying to grow your money, click the link in my bio to join this week for VIP list! The doors may or may not be opening for VIPs tomorrow 👀 (Cough*) .
...........fast payout also guaranteed 💯 %
Start thinking about the money you could have. Start focusing on becoming more mindful of how much money you are putting out. Being aware will keep you from mindless spending.
Learn how to manage your money and all of the best ways to budget by sending an email to firstname.lastname@example.org or DM me. Don’t know where to start? I’ll create a personalized budgeting with your goals. Don’t know how to stay on track? I’ll teach you how along the way.
This is no ordinary budgeting plan. I have the best budgeting strategies that WILL improve your finances, get you on a plan to get out debt and save more money so you can enjoy life
1 925 January, 2020
Gooooooood Afternoon 💜 We all know what today iiiisssss #selfcaresaturday
How do you spend your selfcare Saturdays???? .
I woke up at 5:30 this morning, listened to Kirk Franklin Pandora Station, and watched the sun rise. That was the best two hours spent of my day so far. .
January has been super busy for me on Saturdays so I make it a priority to still find ways to take care of me. And the time to myself before everyone else wakes up is important to me and my sanity lol. .
I’m taking a big step as an entrepreneur this week...⠀
What I consider big, others might consider small. But I also sometimes feel like I’m the most cautious entrepreneur ever. Haha⠀
This is going to be my last week working 40 hours at my regular day job. 😬 starting in February I’m going down to 30 hours. ⠀
I currently work four 10s and plan to work three 10s beginning in February which will give me a whole extra day to work on my business!⠀
By working on my business very part time in 2019, I made over $26k, which I’m so grateful for! And I’m anxious to see what else I can accomplish with more dedicated time here shortly! Also very grateful that my company is so flexible in allowing me to take down my hours.⠀
Jacob and I have been talking about this and planning for 3 months now and while it makes me nervous to cut down on the stability of the day job, I’m excited to see what’s next!⠀
Thanks to YOU for all your love and support. Excited to be sharing better content more often here shortly. ❤️⠀
Book 2 of my #31booksinayear challenge.
📝Don’t spend all your energy on cutting costs in little things such a lattes but focus on saving money on the bigger purchases like a car, a house, insurance as that makes a bigger difference in the long run
📝Spend extravagantly on things you love and cut out mercilessly on things you don’t
📝There is a limit to how much you can cut from your budget but no limit to how much you can earn
📝How to negotiate a raise
📝Negotiate every single purchase or payments including annual fees , overdraft fees
📝Never pay the bank to keep your money
📝The 85% solution: focusing on getting started until you’re 85% good at it , instead of becoming an expert
📝Automate your finances and investments
📝Target date index funds is the way to go
📝Buying a house is not as great an investment as most people (see next slide)
📝You can be wealthy as a renter ( the author is a renter) this is my favourite one Cos I plan on being a renter for a while.
Overall, it was a good read.
Check out @dfcbookclub#dfcbookclub for other exciting reads.
App used is Libby by #libbybyoverdrive which is free with your local library card.
If you’ve read this book, let me know what your thoughts are
For a lot of us, this week is pay week. Which means allocating our wage as per our spending plan. (fun!) This is an EXAMPLE of how you can allocate your earnings to each. If you have different priorities (e.g paying off debt before you start investing) these can be worked into your own budget.
Did you know we offer a FREE spending plan? Click the link in our bio to get yours.
If you are new to following me you may not realize this. I regularly see folks saying that they wish they could afford a few charts - well you can cuz they’re free!
There are over 30 free printable charts to help you stay focused on reaching your debt free goals!
From Babystep 0 (getting current with past due bills), to Babystep 1 (saving your first Starter Emergency Fund) to Babystep 2 (paying off everything but the house - credit cards, car loans, student loans and more).
Get yours at the link in my profile or simply head to debtfreecharts.com
Did you get your free charts yet?
103 1,94819 January, 2020
"Pray my strength!" I'm a work in progress! 😂🙄😭⠀⠀⠀⠀⠀⠀⠀⠀⠀
BTW: If you are tired of living paycheck to paycheck, make good money and don't know where it is going or just tired of being swamped with debt, then join the Becoming Financially Free Online Academy is for YOU! Not only will we empower you to get your money right, but we will teach you how to...⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Click the link in the bio @petrinaturner or visit www.petrinaturner.com/learnwithpetrina to get started.⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
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41 1,04523 January, 2020
🗣 BE REALISTIC WITH YOUR GOALS...
...and personalised them to your lifestyle and needs
Be smart NOW guys... give your children the life you never had growing up.
Stop getting pregnant and still going to clubs lol.. enough said lol
.Last one .. stop getting pregnant and expecting YOUR PARENTS to house and take care of YOUR CHILD.... but that could be a whole post in Itself.
When I first started cantswingacat.co.uk, most of the blog posts I wrote revolved around drastically slashing my expenses and being as frugal as possible. I talked about cancelling Netflix. I talked about ditching my gym membership. I talked about giving up nights out
Budgeting and slashing unnecessary expenses play an important role in being good with money but when I look back on those early blog posts, I'm embarrassed at how ignorant I was to the real world & how willing I was to subscribe to the notion that people on low incomes can improve their lives by sacrificing everything that brings them joy
I earned a modest £18,000 a year at the time and convinced myself that by giving up the fun stuff & side hustling in my spare time, I could save a deposit. The struggle would be worth it. I thought that's just what you had to do. I thought pulling myself up by my bootstraps would be enough to succeed in life. My then-boyfriend joked that I had very Tory views for someone who claimed to be a massive lefty. Looking back, I can see what he meant
What I don't think I appreciated is that people shouldn't have to eliminate all life's simple pleasures to achieve financial stability
Home ownership shouldn't be something that's only possible if you earn an above average income or are fortunate enough to be able to move in with your parents. I was able to do the latter
I went out for a mate's birthday last night & when I checked my Monzo this morning, I felt angry with myself for spending so much money. Angry that booze made me forget I currently earn £8.21 an hour - not the £28,000 a year I earned in my last job
I'm having to remind myself that even when you earn minimum wage, you're allowed to get absolutely steamin' from time to time. You deserve to have fun. You shouldn't be shamed for living your best life when the real problem here is the price of a Jim Beam rising faster than ya wages (I'm joking but its probs true)
I'm not saying we should live champagne lifestyles on lemonade budgets. We need to live within our means & take responsibility for ourselves where we can. But I also don't think letting off some steam at a mate's 30th should be too much to ask
75 1,98319 January, 2020
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