Friday, August 18, 2017

FINANCIAL FRIDAY: CONSISTENT SAVINGS




Happy new day! I hope you are having a blessed week! The autumn season is approaching but with these extremely hot temperatures it seems so far away. This LBD has been a long time favorite of mine.... with the right accessories it can take you from day to night and season to season. Therefore it's super versatile and can save you loads of money. As for me, the money I saved by not purchasing another black dress will be used towards the $500 challenge.

I wanted to share a few quick tips on how to get started with saving and most importantly remaining consistent with it.

1. Have a financial vision for your life. A clear vision with time frames will push you and encourage you to spend wisely.

2. Clearly understand where you are financially. There is so much power in knowing where you are financially whether good or bad. It forces you into a mindset of accountability. The way you become accountable financially is by tracking every dollar spent and making sure it goes in the direction that best supports your financial vision.

3. Develop a consist savings plan. Remember, pay yourself first because if you wait until the end then chances are you will spend your savings. The amount you start saving initially doesn't have to be a lot because most important is developing the habit of saving. Therefore big or small try to save and grow it all. Once the habit has been created then challenge yourself to save at least 50% of your income if possible to allow your savings an opportunity to compound faster.

4. Whether you are just starting the journey to saving or you are just working on increasing your savings just enjoy the process and remain grateful. The road to financial freedom is not easy but with complete joy the journey becomes worth it.





SHOP THE OUTFIT



Thank you so much for your support and I pray you have  blessed weekend!

Tahari ASL black dress similar Here
Schutz wrap sandals Here Luxe for less Here
Versace sunglasses Here
Ralph Lauren double zip satchel Here


Monday, August 7, 2017

MY QUOTE OF THE DAY!








"....prioritize your faith and never allow anything to distract you whether it's close or far away...."


Have a blessed week!

Friday, August 4, 2017

FINANCIAL FRIDAY: SAVE OR SPEND







Happy new day! I pray you are having a fabulous week! I often receive a popular question "Should I save first or spend my money on bills then save later?"   You should always save first!  I feel the biggest and most important bill that you'll ever pay is to yourself. Therefore immediately after your money is deposited into your bank account transfer a certain percentage of savings into a cash account.  If you are uncertain what a cash account is then read my post here on the different types of cash accounts you should have. 





 Now the one thing that can complicate the system of savings is if you have a large amount of debt. You definitely want to pay off your debt immediately because trying to save while  accumulating interest on your debt will put you at a negative savings rate. When paying off debt be sure to have an emergency fund so you won't have to go back to charging items when an unexpected emergency arises. I also have a post here on what an emergency fund is.






   Remember the journey to savings and becoming financially free is not always easy but it is definitely worth it.  That is why this blog exist, to encourage you to only look back for the lessons and look forward for your blessings. ..and continue to make sure your thoughts and feelings are in line with your actions. Well I pray that you have a blessed weekend and as always thank you for your support!











  
Michael Kors dress...similar here Jimmy Choose Henna pump..here Versace sunglasses here



Have a blessed weekend!!!