Friday, September 19, 2014

Tuesday, September 16, 2014

Wednesday, September 10, 2014

Procrastinate








Today is a tip on procrastinating. I am all against procrastinating but I do believe there are times that you must procrastinate. When you are about to make a financial decision that has a possibility to set you back financially then stop and think through it. You may have to take some time to do this but it is worth it if the decision could prevent a financial crisis. For example, you want that dream 
home and you may even deserve it but take some time to think it through. If you are financing this home which  is typically  30 years , you might add 30 to your current age and say wow I don't want to be that old and still in debt...so you may decide Ill wait until I can get a 10 or 15 year loan that way I can get out of debt early and enjoy life while your still young...or you may decide to buy that home with cash and say the heck with financing:) Either way empowering your decisions with a little extra thought can only help.  Well  thanks for taking the time to read this and I hope this tiny tiff tip helps.

Tuesday, September 2, 2014

Emergency talk




Dress:Jessica Simpson

You can never avoid emergencies in life; however, you can prepare for them. Most emergencies are centered around money so that is why it is so important to have an emergency fund with 9 to 12 months of your salary in it. Some may advise  6 to 9 months but whatever you decide just make sure you build one before you even start investing. A few tips in building an emergency fund:

1) Make a decision to do it and put in the work to make it happen. Maybe you have extra money to build your emergency fund but you have been blowing it on things you dont need so it should be easy for you.. If you make a decision "to give up something you love for something you love more" The more should be financial freedom ..but if you dont have the extra money then that is the next step...start tracking
2) Start tracking what you are spending daily( here is where the work starts). Do this for 30 days and examine areas you are overspending in and find ways to lower those expenses....hint hint:) Most Americans are overspending in areas of communication, taxes, media, and insurance
3) Put your savings on auto pilot and let it come out of your paycheck immediately. I just believe unassigned money is dangerous!! so assign it before you even receive it
4) Stay encouraged throughout the process and Just do it!  It may take some time but be patient because the reward is greater than the price you will pay to do it. I promise you will feel so much better when the next emergency arrives!
Well thanks for reading Tiny Tiff Talks!