Wednesday, May 26, 2010

Scrimp Time!


It's time to scrimp. You've heard the saying before, "we had to scrimp, scratch and save just to survive." Six ways to scrimp on your finances:

S- Stop the fiscal bleeding-Elimate Debt
C- Create an emergency fund
R- Reserve Cash, Reduce Spending
I- Increase Revenue Streams
M- Manage Expenses
P- Prepare a budget - adopt a needs base spending policy

Tuesday, May 25, 2010

Financial Priorities

Financial priorities are essential for success. Knowing what's a high financial priority versus a low financial priority will make you or break you. For example, if you are single and have two vehicles, maintaining the one that is necessary versus the one you wanted determines the priority. Before you lose it prioritize and keep what's necessary!