A Few More Tips
One Simple Change
Last week’s blog post offered a few tips to help you “kick start” your financial strategies for 2018. We had a great response from several readers and so we thought we would provide a few additional tips.
Again, this isn’t intended to be a downer but – hopefully – a little wake up call. Remember all those New Year’s Resolutions that you made?? Lose a few pounds. Eat healthier. Get those finances in order. It is time to dust them off a little bit and get rejuvenated. It isn’t too late to start – take this as a helpful kick in the pants!
If you remember from last week, I sat next to a nutritionist at a networking event and she said that she encourages her clients to make “one simple change” to help push them toward better health. Her encouragement really resonated with me and I felt like it could apply to our financial health, as well. In most cases, people try to make a ton of changes at once and it just gets too hard to stay focused and dedicated to all the changes
Nothing drastic – just one simple change!
I liked the idea. Instead of trying to fill your life with all the changes that may need to be implemented to get your financial health in order, try making one simple change!
Here are three more suggestions for you to implement in April to get the ball rolling:
- Make a List before you go shopping and stick to it – I am a “list” guy. I like to make a shopping list and I like for it to be in the same order as the aisles in the grocery store (I know – I’m a little weird!). Personally, I like this one because it really helps me stay on track while I am walking through the store. I can get easily distracted or fascinated with a delicious bag of Doritos that I haven’t had in a long, long time and suddenly cart is full of “stuff” that I don’t need and probably isn’t very good for me anyway! This will save you money and help cut down on the impulse purchases.
- Use the Zero Rate Credit Cards – I know! I know! I can almost feel my email box filling up with notes about an encouragement of using a credit card. YES – we should be working to get all of those cards paid in full but IF you still have a couple, it can be very beneficial for you to do a balance transfer to a card with a Zero Percent Rate for a period of time and then concentrate on getting it paid off during the Zero Rate Period. Credit Card rates are always higher than other debt so use a cheap rate and concentrate on getting it paid of by taking advantage of “no interest” for a while. Be diligent. Don’t let it derail you but it can be a useful tool.
- Make a monster pot of soup! – We do this one all the time. We make a big pot of chili and eat out of the crock pot for a week. Maybe it is a big pot of vegetable soup or stew but the idea is the same. You can save so much money by concentrating on your grocery bill and eating at home instead of doing the restaurant circuits. Sounds simple and we talk about it all the time with our clients – most people don’t have money in their savings account because they are eating it – bite by bite and week by week. Concentrate on this one and you will save more money that you realize.
Don’t look at your calendar and give up because the year is already ¼ of the way complete! Take a deep breath and make “one simple change” and see how much this can propel you toward your overall financial goals.
If this seems overwhelming to you but is something that you have been thinking about for a long time, give us a call and schedule an appointment. We are experts at it and will be happy to offer you some basic direction and advice. It is what we do at Hollander & Associates.