Do you have a plan around savings? Debt? Moving your credit score up? Retirement? In this episode, Kevin and Andrew discuss how to reboot your money goals by checking in with all these objectives
Do you have a plan around savings? Debt? Moving your credit score up? Retirement? In this episode, Kevin and Andrew discuss how to reboot your money goals by checking in with all these objectives
New year’s is a great time to think about and put some goals to paper about your finances. Part of the reason people struggle with putting money in savings is that it’s simply not tangible. So, you must decide - what do I want to see in my savings of the year? By attaching a goal to it, tangibility is added.
“When people don’t know where their money is going it's usually going to lots of little things people don’t account for, such as small groceries purchases, going out to eat, etc. It’s convenience.”
Putting our savings on “auto pilot” with auto transfer is a wise move. Another exposing exercise: pull the last 2 months of your bank statements and answer - was it an “I want” or “I need” purchase? You’ll be quite awakened about your spending habits. If we can kill 2 birds in one stone – consolidate debt, improve the cash flow, and pump a little bit more money into the house, that’s a win-win.
Andrew Karam: website | facebook | linkedin | instagram | book a call
Kevin Booth: website | facebook | linkedin | book a call