Help and Training Resources

Help:

Budgeting and Finance Tips:

  • • Examine your historical spending and look for areas you can trim. Start with the largest potential savings first.
  • • Start with necessities first: food, shelter, transportation, utilities, and clothing.
  • • After necessities, start with the categories that have the most discretionary spending.
  • • Check in daily with a tool like ParcusBudget to reinforce your positive results.
  • • Pay off excess debt using one of these two methods: 1) highest interest rate first; or 2) Debt Snowball
  • • Only use credit cards if you can easily pay off the balance the same week you use them AND the expenses are budgeted for.
  • • Start small. Choose one discretionary spending category and try it for 90 days. After 90 days, use the money saved for any debt or add it to your savings account.
  • • As you achieve small victories, congratulate yourself for a job well done. Keep the momentum going.
  • • If you fail to reach your goals, don't depair. Instead, make adjustments and persevere. Perseverance is one of the most valuable traits for success in all areas of life.
  • • Expenses can be cyclical throughout the year due to holidays, birthdays, etc. Plan for those things in advance to avoid surprises.
  • • Set aside at least ten percent of your net income for emergency savings.
  • • Spend your money on experiences, not things. Research says you'll be happier.
  • • Don't spend to keep up with friends, neighbors, co-workers, etc. It's your life and your hard-earned money. Take charge!
  • • If you don't have enough income to cover your expenses, try to work on the other side of the equation. Offer your services with part-time gigs like house-sitting, pet-walking, passenger-shuttling, lessons, or tutoring. Use your talents and passions to make money.