Credit cards want you to give them interest. They’re like Chinese Finger cuffs – you put your fingers in and you’ll ever get them out. In this episode, Andrew Karam and Kevin Booth walk us through valuable insights in how to set budgets, avoid credit card debt, and create a successful savings plan!
Credit cards want you to give them interest. They’re like Chinese Finger cuffs – you put your fingers in and you’ll ever get them out. In this episode, Andrew Karam and Kevin Booth walk us through valuable insights in how to set budgets, avoid credit card debt, and create a successful savings plan!
“I promise you if you save first you will still get your bills paid. It is a mindset and knowing your starting point. Start out small! “
If you want to save for that next home, there is no better way to start the journey to home ownership than with budgeting. Pay yourself first, pay your bill second. One important thing to realize when it comes to saving and budgeting is that they’re not the same thing but do work hand in hand. However, it’s never a one size fits all situation. We all live different lifestyles and have a diverse set of financial goals.
Go to your past two months of bank statements and ask yourself – “is this an ‘I want’ or an ‘I need’?” For subscriptions and bills, then call those companies charging you and ask if this is your cheapest option. Call that credit card and phone company, they could give you a lower rate. That money saved can better live in your savings account!
Life happens. We have now planned for the unforeseen.
Andrew Karam: website | facebook | linkedin | instagram | book a call
Kevin Booth: website | facebook | linkedin | book a call