Everyone in Austin deserves a pay raise! At least that’s what everyone thinks. But what will you do with the extra income? How about saving it?
The Austin Financial Coach at Capital Budget Strategies, LLC, suggests you have a plan for your anticipated increased income, so when it does happen you are not tempted just to spend it. Financial Coaches call this “Lifestyle Creep.”
Lifestyle Creep works like this: Let’s say you get a pay raise of $500 per month. Without a plan, you might look around for a larger apartment or a bigger car, since you can now afford the extra monthly cost. Plus, as a new big-time Austin executive, “you deserve it!”
But remember, those school loans and credit card bills never stop unless they are paid off. Sorry to remind you.
So make a plan ahead of the next pay raise. Rather than experience Lifestyle Creep, how about experiencing Debt Relief. If you had a Snowball Debt Repayment Plan, you could put that extra $500 towards your total debt. Imagine after one year you would have paid off an extra $6,000 of your Visa bill or school loans.
Now that is a great lifestyle!
For only $149, Capital Budget Strategies, LLC, Austin’s best Financial Coach, will sit down with you, your pay stubs, your credit card bills, school loans, mortgage, car payment, etc. and help you organize your finances! We will determine your net worth, your total liabilities, create an Emergency Fund, and build a household budget and Snowball Debt Repayment Plan. Wow!
Give our Austin Financial Coach approximately 4 hours of your time (equivalent to one NCAA football game or two Netflix shows) and we will help you plan your financial future. We can meet during the day, in the evening or even on weekends. We come to your office, your home or meet at our home-office.
We know, having that extra money is exciting, but so is becoming debt free and building a retirement fund. You deserve it!
Question or Comment? Enter it below.