Ways To Save Money In The New Year!

save-money-1-1024x451Ways To Save Money In The New Year!

 

Without even realizing how much debt we had made me sick. After hard lessons learned we had to learn new skills because clear ours were lacking! We started learning from financial coaches and trainers that showed us a new way of looking at our finances. Finances never excited me until I realized I could have authority over them!

Wherever you are in your life right now, financially, things can get better. If you are like us when we found ourselves sinking rapidly and scraping by to provide for our family or maybe you are comfortable with your finances but should probably take a closer look at who is really in charge of your bank account? Things that make ya go hmmmm.

None of these tips that I share with you will make a difference until you make a decision that you want your bank account to change. There is a big fat difference for wishing things to change and making a decision to sacrifice in order for them to change. I know. I was so desperate to find a better way that I had to make it work. My family depended on it.

So I hope you are ready : ) I’d love to hear which ones you are going to implement, some or all? Share in the comment section below!

 

HOTTEST TIPS TO SAVE MONEY IN THE NEW YEAR:

Remember, it’s not about how much money you make. When it comes down to your bank account, it comes down to how much you KEEP.

Identify the NEEDS – This might be hard. But really look at where your money is going. If it is an absolute then keep it, if you aren’t sure, consider what life would be like without it.

Discipline yourself – nobody cares more than you do about your bank account than you do. The next time you are in a store and have something in your hands that you have to have, get disciplined on telling yourself no. After a while you will feel empowered that you are so strong and that you are sowing seeds that will be multiplied later.

Cut the junk  – Go through what you are spending money on each day. Coffee shops, eating out, gym memberships, alcohol, cell phone contracts, internet, cable. This will hurt. But what would you rather have, money in the bank or stiff pressures of debt?

Get out of debt – do you have a get out of debt plan? You must start some where. Remember when I said that we had creditors knocking on our door? We had to start to pay them. Some of those accounts we started with $10. That was all we had and it showed that we were trying to payback our debts.

✓ Even if you think you don’t have the money, you actually do, it’s just being spent on other less important things.

✓ This one is the most important! Look at your credit card statements. Look at how much you are being charged just for the luxury of borrowing the banks money. That will wake you up! Look at the interest, the interest rate and the fees. That $19.99 sale is now jacked up to over $50 or more by the time you pay it off.

✓ As you can tell I am extremely passionate about finances because until you are financially free, you aren’t REALLY free. God’s voice through me is to set people free in the natural. He already set you free in the spiritual but it’s up to us to not make dumb ass choices. Can I get an Amen?

Automatically save  – did you know 28% of people don’t have any savings? Set up an automatic savings plan. Even if it is only 5$ DO IT. Increase it later when you can. Along with paying off your debts you must have $$ in the bank for the bumps in the road that you will have.

Downgrade – In a world full of upsells, upgrades, bigger and better.   Think about what you could downgrade in. Think your car(s), house, cell phone, etc. Take the money you keep from those other expenses you canceled and pay off debt or put it into savings.  78% of people are living paycheck to paycheck.

✓ Make a list of all your credit card and loan balances. Start with your lowest balance and pay it off as quickly as you can. You will feel so empower that you have taken a stand on your debt and been control over it instead of under it. Once that is paid off, start on the next highest balance. Follow this system until you are debt free.

(Excerpt from my Book Why Your Life Sucks)

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I hope you enjoyed this post on ways to save money in the new year! Please do me a favor and share this on Facebook to help out your brothas and sistas!!

Until next time my friend,

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