I know, it’s the weekend and the last thing anyone really wants to think about is their finances. But maybe the best time to start thinking about something as practical as finances is to do so when it’s the most uncomfortable. Wow, that sounds like one of those famous people quotes, how exciting for me! But it’s the truth, the fact is, we often make a plan during a time when the odds aren’t as stacked against our deck rather than in the heat of battle. My point?
Watch Weekend Spending. See how I just did that? A perfectly placed segue into tip 1 on how to help your finances. The weekends are tough, you want to go out, you want to stop for coffee rather than drink what you have at home and you want to see friends or take the kids somewhere. That’s all fine, but you’d do a lot better if you had a plan and a budget. Having a plan and creating a budget helps you see the bigger picture, rather than allowing yourself to just float around in space. And that’s the key. When you have structure, you tend to have goals. It will allow you to make practical choices and cut out the things you don’t really need to spend on yet leave the things you cherish the most.
Pay Down Debt. Debt is an evil ghost haunting your old house and the only Ghostbusters you have available to call are located in your wallet. Paying down debt means less interest, more open credit (which boost credit) and of course, less stress. In the long run, paying down debt is one of the biggest savers!
Start a savings account for rough times. Don’t let a period of job loss downtime or a meltdown from your car be the straw that broke the camel’s back. Buy yourself some time by saving a little now. A little now could mean a lot later!
Create a fund strictly for retirement. Investing in your retirement doesn’t mean conceding to the idea that you’ll grow old one day. It means being responsible. Plus anyways, you’re going to be old one day, so go with it!
From the Check Issuing team, have a great weekend!