Break the Paycheck to Paycheck Cycle

How can you realistically save? Almost everyone can save something. Here’s how:

• Define emergency.
  A broken bone or a leaky water pipe count as emergencies. But, if you dip into your emergency fund every time you overspend on clothes or “deserve” a treat, the money won’t be there when you really need it.
• Budget, budget, budget.
  How can you save if you don’t know where you money is being spent? Start a budget by listing essential expenses (mortgage/rent, utilities, groceries) followed by extras (eating out, gifts, entertainment). If you’re in a situation where expenses are higher than income, you should look at your extras to find areas to cut. Since these expenses are typically non-essential, it should be easy to shave a few dollars in a few areas to bring you closer to your income.
• Eat at home.
  Eating out gets expensive. If you plan your meals in advance, it can be healthier and save you thousands of dollars a year.

Use a Money Coach!
The company offers a free 30-minute consultation with a certified financial expert before deciding on whether to engage with a Money Coach. Then, if you decide to work with a Money Coach, you can do so on a 30-day basis. A Money Coach can help you work through basic money management, getting out of debt, saving for college or retirement, etc. Click here for details.