One of the things you have to do in order to get your budget together. This is something that I have long time struggled with this concept. Being a new homeowner and paying a mortgage is an entire struggle.
I have had to worked on my budget since 2020 and I have to tell you that it is literally life changing. I am now so focused on making sure that I am financially stable and my credit is in order that it has started to become something that focused on daily. I have a home that I want to keep in the family along with repairs that must be done along with renovations that I want to be done. Since I have lost the last member of my moms immediate family ( my grandmother) I am now the matriarch of this side of the family and its a HUGE responsibility. Here is how I am getting my financial life totally together.
Organizing My Mail
I know, I know. Aimee what does your mail have to do with anything. Bills yall one of the things that I am in the process of doing is that I am look at the end of the billing cycle. I am in the process of getting my bills paid before the end of the billing cycle not the due date that will not only get me ahead but also increase my credit score as I pay down my debt.
Highest Interest Wins
So one of the things that I am working on is paying down my credit cards. Now to be honest I dont have many and my amount owed is not high but I am want them paid off. I am attacking the one with the highest interest off first so this is the card that gets paid more then the minimum. Any extra money I get I always take some of that money and put it toward the high interest credit card.
My plan is once I pay it off I will use the card with the lowest for daily items and pay it off monthly again lowering my usage to one card and raising my credit score at the same time. Its a win- win financially.
Planning Makes it Happen
Budget planning is literally the way I am making this work for me I not only put but budget and dates due on my planner. Its now my go to for not only what I am doing in a day but also my financial go to for what bills I have to play. Budget planning helps me see what bills are due and what automatic withdrawals will happen between my paychecks so that I can plan and have the money in the account.
Saving Money is Sexy
Yes!!! For the Sub Title score. Saving money right now for me is sexy I am trying to not only save for my emergency fund but also for the renovations that I want done to the house. This right now is the most awesome thing seeing extra money in my savings account. Also once I get to a certain point I will be putting money into a high-yield interest savings account. Doing this will give me interest that I can use on things while still having my lump sum of money making money for me.
Investing In My Financials
So another thing that I am doing for my financial life is investing my financial into stocks with an amazing App called Stash. This app is helping me navigate the crazy worlds of stocks and I have increased my stock by 15% over the year that I have been on it so far. I also take any dividends that I earn and I make sure that I reinvest it back into the company to gain more stock. The best thing about this app is that the cost to maintain your stock is only $1.00 a month!! Like seriously how can you not like this. Now this app offers other things but I only use it for stocks. If your interested in investing I can help you get started and you can get a FREE $20.00 to start you off join me on Stash.
I hope that some of what I am doing is going to help you. What things are you going to do to start getting your budget and financial life together? Comment below.
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