Financial advisor for personal budget?
Question:
Answer:
If you'd like to save money, there's only one way to do it: spend less than you earn.
You make $1900/mo, or $22800 per year. That may not seem like much, but I can guarantee you that there is someone in your neighborhood who is living on 10% less. There *are* people who can find a way to live on $20500 per year -- you have to find a way to do it.
The next step is to take that money out of your income before you ever get a chance to see it. If you work for a company with a retirement plan like a 401k or 403b -- especially if they match what you contribute -- invest there. It's a wonderful way for you to get ahead with your long-term financial goals.
Finally, try to set aside a portion of that 10% to get a down payment together for your own home. Owning your own home is one of the best ways for you to accumulate wealth, given the tax laws in the US.
And if you can find a way to make a few extra bucks, don't immediately assume that you have to spend it all. Sock it away and live like you were living before -- you'll really thank yourself in the long run.
Good luck,
Doug
get a book by David Bach
Most Banks have Financial Advisors available at no cost to you. You could check with your local bank and they could set up a reoccurring monthly deposit that you can't see on online banking so you don't even know that you have it. $25/week adds up quickly.
I've found that a good home budget software will do the trick. The problem is that many of these software applications can be difficult to use, due to an overwhelming array of features. I use a program called mvelopes. This isn't a shameless plug; I have no affiliation with the company that makes this software--I'm just a satisfied user. I like this software because it is logical, simple, and effective.
check out this simple budgeting software
http://www.parcusgroup.com/index.html...
More Related Questions & Answers...