Financial Tips
First Steps Towards Financial Stability
-Be able to limit yourself and have self control
-Live below your means
-Cut wants out of your budget and focus on the necessities
-Decide on a percentage of your earning that you will put away and save
-Set financial goals that you plan to meet monthly
-Start investing your money in hope of gaining more money overtime
-Plan out each monthly expense and stick strictly to your plan
-Stay focused on your end goal
-Set aside money for emergencies or "rainy days"
-Every little bit of money saved will eventually add up
-Look for as many coupons on items, that you will need, as possible (Honey(https://www.joinhoney.com/): Automatic Coupons, Promo Codes, and Deals; Printed Coupons; etc.)
Cost Saving Tips for the Grocery Store
-Compare and contrast prices on items at different grocery stores online
-Find as many coupons/deals that you can find on that goods that you will need
-Come up with a list of specific items that you will want to stick to buying at the grocery store
-Look at your budget for groceries and make sure that it does not exceed the amount you set aside specifically for groceries
-Stick strictly to your budget that you planned out
-Don't go to the grocery store hungry
-Shop primarily on the bottom shelves of the grocery store (usually where the generic brands are located)
-Watch out for individually packaged goods (usually overpriced)
How to Create a Simple Budget
1. Calculate your weekly/monthly income
2. Calculate all of your mandatory monthly expenses
3. Establish how much you spend on 'wants'
4. Subtract your expenses from your income
5. Try to decrease the amount of money spent on your 'wants' versus your needs
6. Save or invest a portion of your monthly earnings
7. Set Financial goals each month for the upcoming month