Posts Tagged ‘covid-19’

Top 10 Ways to Trim Your Budget

Tiny tweaks that can make a big impact

The little things can add up to a lot, and for many of us, we don’t even realize it. If you’re not in the daily habit of balancing a checkbook, it can be easy to forget that your daily Starbucks trip is costing you nearly $30.00 a week. Check out these 10 tips to trim your budget and fatten your wallet.

1. Food Fails
It may be a necessary evil, but the way you spend on it doesn’t have to be. From packing your lunch to buying generic, there are plenty of ways to cut down on your food costs. With so many great coupon apps and a little pre-planning, you can save big bucks. Don’t fall into the delivery trap! Convenience comes at a cost.

2. Ditch Your Debt
One of the best ways to trim your budget is to set sights on becoming debt-free. It may sound daunting, but when you do the math on what you’re paying in finance charges and fees, it can become powerful motivation. Saving credit cards for emergencies only can save serious cash in the long run.

3. Cut Your Utility Bills
It’s time to adopt Dad’s mindset and turn down the thermostat. Taking shorter showers and keeping the lights off when not needed, are just a few simple ways to cut your monthly spending. According to www.regions.com, lowering the thermostat on your water heater by 10°F can save you between 3-5 percent in energy costs.

4. Bundle Cable and Internet
According to Nerd Wallet, you could lower your cable bill by as much as $40 per month by changing your cable package. Besides, in the age of Netflix, Hulu and so much more, you could consider ditching cable altogether.

5. Cut Your Cell Phone Bill
Whether it’s switching plans or skipping the insurance, many of us are way overspending on our monthly cell phone bills. Consider bundling with a family plan, or switching to a lesser-known provider and save.

6. Cancel Auto-Subscriptions
Whether it’s your monthly Ipsy bag, your gym membership or Amazon Prime, we live in the age of subscriptions. So often we justify spending on these things because “it’s only $10.00 a month.” However, that $10.00 a month very quickly becomes $120.00 a year, and that’s only for one subscription. If you don’t use it or could live without it, it’s time to press cancel.

7. Refinance
Whether you have a car payment, mortgage or student loan debt, refinancing can be a great way to lower your bills. According to Nerd Wallet, refinancing your auto loan to take advantage of lower interest rates could save you $1,000 or more over the life of your loan.

8. The B-word: Budget!
According to www.americasaves.org, the best way to jumpstart establishing a budget is to realize your spending habits. Saving receipts is one great way to keep track of what you’re actually spending on, and where you can make some adjustments.

9. Cash is King
Budgeting with cash and envelopes can be a great way to spend within your means. Once the cash is gone, it’s gone. It may sound old school, but if it worked for Grandma, it can certainly work for you.

10. Build a Better Relationship With Money
Many of us have a bad attitude when it comes to finances, and changing your outlook can change everything. If you need professional help, book your Discovery Session. I’ll learn about your struggles and goals, and you’ll learn about my financial coaching program. Let’s get to know each other a bit and see if we are a good fit to work together.


Looking for private coaching? Schedule some time together by phone or video conference to get to know each other a bit and see if we are a good fit to work together.

Why worry when you can DO SOMETHING?

Watch this short video for tips to stay safe and sane during a crisis. Book time with me soon if I can be of service to you!

Looking for private coaching? Schedule some time together by phone or video conference to get to know each other a bit and see if we are a good fit to work together. I’ll learn about your struggles and goals, and you’ll learn about my financial coaching program. After you pick a time please fill out this form at least 24 hours before our session and just give me some estimated information about where you’re at today. It shouldn’t take much more than 5 minutes.


A journey of a thousand miles begins with the first step. Fill out this form to be contacted to schedule your Free 45-minute Discovery Session and begin the journey to become WISE with money.


Now’s the time to make a plan for the future, don’t panic! Advice From A Financial Coach

Now is not the time to panic and make bad financial decisions!

Here are my top financial tips for uncertain times!


1) Stay off media and limit news. It contributes to fear. You can think more clearly if you’re not reacting from fear.


2) Refocus on what you can do and what your priorities are.


3) Eliminate unnecessary expenses for the short term. When you look at your budget, cut out the extra things for a time.


4) Now is probably not the time to pay extra on debt, especially if you don’t have a good emergency fund. Pay the minimum payment and put extra into savings.


5) Keep working and making money if you can. Can you help someone else without taking advantage of them and still make some income?


6) In times of uncertainty, we have to prioritize how to use the money we have. Take care of your four walls first Housing (Rent/mortgage and utilities); Food; Transportation (gas & payment if applicable), basic necessities or clothing.


7) Don’t over-react to the stock market swings. Contact your financial professional and don’t yank money out of the market when it’s down if you don’t absolutely NEED it today because you’ll miss the upswing when it goes back up.

8) Contact your creditors to see if they are offering any deals as far as payments and due dates are concerned before borrowing from a qualified plan like a 401k. You don’t want to borrow against these plans unless it’s an extreme emergency.

Watch video below


A journey of a thousand miles begins with the first step. Fill out this form to be contacted to schedule your Free 45-minute Discovery Session and begin the journey to become WISE with money.

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