Discover 3 most important steps for starting out with this new way of living with their money. What are you making, paying out, interest you’re paying? Flip your interest around to investment. Plan your money before you spend it. Have an intention: the amount you’ll spend. Cash is best. When it’s gone, it’s gone and so much more. Listen in for more details.

Show Highlights:

Do you know how much debt you have? Can you live debt free? How much of your money is going out of your pocket to support other companies. Do you believe it is possible to live debt free?

Discover 3 most important steps for someone starting out with this new way of living with their money. What are you making, paying out, interest you’re paying? Flip your interest around to investment.

Plan your money before you spend it. Have an intention: the amount you’ll spend. Cash is best. When it’s gone, it’s gone. 

Tell your money where it’s going to go instead of wildly spending.

Awareness knowing where you stand with your finances. If you don’t know where you are then you won’t know where you are going.

If your paychecks vary, then budgeting is really important. Budget paycheck to paycheck. This helps you stop from over spending.

Keep more of your money by planning ahead. Income plan down and expenses plan higher.

Goals/plan to help you plan for certain things like that happen once or twice a year like car insurance, Christmas, birthday, property tax, back to school, college. Plan for these expensive.

Discover the pitfalls of not having a budget.

Have an emergency fund. Start out with a thousand dollar that is easy accessible in your savings account.

Pay extra money on visa bill to bring it down, but no cash in the bank. Save the extra money for 3 months until you save $1,000, then put the extra on your credit card.

There is enough to have your needs met and more is an abundance mentality.

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Penny Kidd is a Financial Coach who uses her counseling skills to help people reduce stress and find peace of mind while moving forward quickly towards their personal goals with money. Financial success is about behavior and knowledge. Penny walks the talk and has been completely debt free including house and kids’ college since 2013

Be sure to download your free MP3 meditation called Money, wealth and abundance at…. www.jolenphilbrook.com/gift.  As you listen to this audio it will unlock your prosperity from the inside out rewiring your mind to success and abundance.

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Have a question about the show or want to be a guest for a future show? Email me at: jolen@jolenphilbrook.com