Elpha’s Post

Ready to spread your wings and fly the nest? 🦅 Don't let finances hold you back! Our new blog (https://bit.ly/3zCSTbc) breaks down the essentials of budgeting, saving, and building credit. https://www.prevail.bank/ #adultingtips #financialfreedom #newbeginnings

Womens, let's talk finances.. 💵 There is no better time than now to take control of your money. From budgeting, investing, debt management and retirement planning, the possibilities are endless. Join us as we embark on a journey of financial freedom and fill our pockets with knowledge. 😉 Read my blog to get access to tips and strategies! https://lnkd.in/dkzFtZqB #WomeninFinance #FinancialFreedom #Investing #Budgeting #DebtManagement #RetirementPlanning

Overspending is a common money mistake, but it isn’t always so obvious. Read on for important pointers on how to determine if you are living way past what you can afford. Plus, we have money-saving tips to counter your excessive spending.  https://lnkd.in/g-AGqDGr

The secret to financial freedom? Try the 50/30/20 budget. Prioritize needs, indulge in wants, and secure your future with savings and debt payments. https://lnkd.in/eP8WkwXP

5 Financial Tips for New Workers: 💰Create and Stick to a Budget: Develop a monthly budget to track your income and expenses. Sticking to a budget helps you manage your money effectively, avoid overspending, and save for your financial goals. 💰Build an Emergency Fund: Start saving for emergencies by setting aside a portion of your income in a high-yield savings account. Aim to cover at least three to six months' worth of living expenses. 💰Contribute to Retirement Accounts: Consider enrolling in your employer's retirement plan, such as a 401(k) or RRSP. Contribute enough to take advantage of any employer matching contributions – it's essentially free money for your future. 💰Pay Off High-Interest Debt: Prioritize paying off high-interest debts, such as credit card balances, to avoid accumulating unnecessary interest charges. Create a debt repayment plan and stick to it. 💰Invest for the Long Term: Start investing in a diversified portfolio of stocks, bonds, or mutual funds. The earlier you invest, the more time your money has to grow. Consider seeking guidance from a financial advisor to make informed investment decisions. These tips will help new workers establish a solid financial foundation and work toward long-term financial security.

It's time to get real about saving and making your money work for you. It's easier than you think to set yourself up for a prosperous future. Remember, saving isn't solely dependent on the size of your salary, but rather on your financial discipline and willingness to prioritize saving.

Let’s be real…TIMES ARE TOUGH! And I’m not sitting here saying that you want to be living paycheck to paycheck, relying on credit cards and burning through your savings… Of course you don’t want that! But…what are you doing about it? If you’re focusing on things outside of your control (like fearing a layoff, taking on other people’s financial problems, or stressing about the cost of living), you’re focused on the wrong things. When you’re focused on things you can’t control, it’s hard to think about the changes you can make for the things you can control. Here are things you can control: how much you spend on non-necessities, your thoughts about your money situation, saying no to lending money or doing things that don’t help your situation. Even if things aren’t great, we ALL always have some level of control. If you don’t have a budget plan, you’re missing out on even more control. Right now, we’re offering 20% off custom budget plans created by me! The sale ends 1/15/2024, so don’t wait. Drop “Budget” in the comments and I’ll send you next steps. https://lnkd.in/gRDM_S_j #financecoach #citygirlsavings #moneycoach #budgetingtips #budgetcoach #moneygoals #womenwithmoney #womeninfinance #financialservices #personalfinanceforwomen #investinyourself

99% of people don't know how to manage their finances properly. It doesn't matter if you're making $40,000 or $100,000 a year; this applies to you. Here's a breakdown of three financial stages to help you better manage your financials: 1) $40,000 Salary Level Having debt at this level hits harder. At this level, there are three things to consider: • Consumer Debt • Financial Foundation • Side Hustles Even a tiny credit card interest could hurt you in the short/long term. Aim to save 10% towards debt payoff. This will allow you to get your Emergency Fund and Roth IRA in check. Finally, take time to leverage high-income skills to make side money along the way. Even $4K/year adds up. 2) $75,000 Salary Level At this level, you should track every dollar in and out. Here's what to consider: • Budget Tracking • Savings Rate • Net Worth Only spend money on what actually matters to you. Remember, family expenses add complexity. Once you've reviewed your budget, start investing. That doesn't mean putting your money into a savings account and forgetting about it. Start early, stay consistent, and aim to save every year to retire earlier. 3) $100,000 Salary Level The more income you have, the more responsibility you have at this stage. Here are three things to consider: • Lifestyle Inflation • Financial Independence • High-Conviction Investing Stop buying unnecessary things and prioritize saving for long-term goals. Numbers are everything here. After prioritizing, determine how quickly you can retire. Try using tools like Networthify to map out your journey. With this tool, you can allocate a portion of your portfolio to higher-risk, higher-reward plays. It doesn't matter what age you are. It's never too early or too late to manage your financials properly. The time is NOW. — Enjoy this? ♻️ Repost it to your network and follow Sandesh Burada for more. Want to become more financially free? Join our community of 1,200+ creators today: https://lnkd.in/ebKdPRxd

Feeling like you're barely getting by, similar to the song "Rumah ke Rumah" by Hindia? Managing finances can be overwhelming, but avoiding them makes survival more challenging 😵💫💫 💭 Imagine a life where you no longer worry about running out of money before your next paycheck. A sensible budget can be your saving grace, ensuring your finances stay steady despite a tight income. Ready to take charge? FinTERZ offers practical, tailored steps to help you manage your expenses and establish financial stability, even on a modest budget. With our service, you can feel reassured and confident in your financial decisions. Look at our article, "𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐋𝐢𝐟𝐞 𝐖𝐡𝐞𝐧 𝐘𝐨𝐮𝐫 𝐈𝐧𝐜𝐨𝐦𝐞 𝐃𝐞𝐩𝐞𝐧𝐝𝐬 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐒𝐚𝐥𝐚𝐫𝐲". By following these tips, you'll witness a significant improvement in your financial position. Read the entire article and begin your journey towards financial freedom today! https://lnkd.in/gfQTrKrf

As a personal finance consultant, Michela Allocca often hears from people who feel “very overwhelmed and defeated about their finances,” even if they make a good salary. Allocca gets it — managing money can be hard. But a lot of people who feel helpless are probably doing better than they think they are, says the 28-year-old former financial analyst, who has a personal net worth of more than $500,000. Here are five signs that you’re on track with your personal finances, according to Allocca.