Happy New Year! Now let’s look at your finances.
Capital Budget Strategies, LLC, Austin’s best Financial Coach, asks 4 questions:
Question 1: Do you carry a credit card balance?
Question 2: Do you have a car loan?
Question 3: Do you have a personal loan?
Question 4: Do you suffer from financial stress?
If you answered YES to any of these questions, you spent money you did not have.
Those things that you thought you deserved – you could not afford. Sorry. (Of course if you had an emergency like a medical issue or job loss, you are forgiven. Good luck with your situation.)
In 2020, it is time to act like an adult with your finances. OK, enough lecturing, sorry about the tough love. Now let’s come up with a plan:
Some debt is “good debt” like college loans or a mortgage. You got something of long-lasting value for your money. We will attack these after all other “bad” debt is addressed. (But remember, you can also spend too much in college or buy too much house!)
There are 2 ways to get out of debt. Only 2.
Choice 1: Increase income, and/or
Choice 2: Decrease expenses
I know, easier said than done. But if you are really serious about ending your financial stress, you need to get a part-time job and/or cut expenses like eating out, Hulu, gym memberships and cable and take that “savings” and plow it into your debt. It will be tough, but you can handle it. It won’t last forever, I promise.
Capital Budget Strategies, LLC, Austin’s best Financial Literacy Coach, can help. Think about this: How much do you pay each month on your debt? Once your debts are paid off, that same amount becomes “extra” income.
For only $149, our Austin Money Coach will help you determine your Net Worth, analyze your spending, set up a Household Budget, an Emergency Fund, a Snowball Debt Repayment Plan and let you know how well you are doing saving for retirement. Finally, we will review your bank accounts and introduce you to the wonderful world of on-line banking and automated payments.
Our Austin Financial Coach can meet at your office, your home or at our home-office. We can meet during the day, in the evening and even on weekends.
Give us approximately 4 hours and start your journey to building your financial confidence and ending your financial stress in 2020!
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