Today we will continue with another easy way tip for you to get Savvy about your finances. Do you ever overspend?
Buying on credit is way too easy.
So are here are 3 simple tips to determine if you are overspending.
First, for the next month pay all your bills with cash or checks. If you have auto pay bills online, be sure to keep track of those. Second, make sure you keep all your receipts and be sure to count everything including that coffee in the morning or going out for lunch. Finally, add up everything you spent. Then subtract that from the amount of money you make.
If you come out with less than zero at the end of the month, then take a deeper look as to what you are spending. You might find a lot of extra discretionary spending that could be modified. Do this for 3 or 4 months in a row to really get a good picture of your spending habits. This is the first step in taking action and really looking at your spending and saving habits.
Until next time, remember to Savvy UP!!
At Savvy Women Wealth Management we are dedicated to providing Financial Education for Women
Please subscribe to our youtube channel at https://www.savvyup.tv for more financial tips.
Call 760.692.5700 to set up a discovery session today.
#Savvyup
#Savvyminute