by Blair Butters | May 4, 2017 | Uncategorized
Do you struggle to try and save money? If you are a business owner, pursuing financial goals should be a priority, but it can be difficult to stay on track. The good news? You don’t need to have a substantial income to get your savings underway. Here are 5 simple tips to support your journey as you work to grow your savings, and boost your dreams Determine your goals: Goal setting is an essential habit if you want to win in the saving money game. Writing down your financial goals and keeping the list somewhere you can see it, such as on your refrigerator, will get you to stick with it, versus not having any goals at all. Make sure your goals are S.M.A.R.T.: specific, measurable, attainable, realistic, and time oriented. Figure out how long it might take you to save for each goal with a tool like Bank of America’s savings goal calculator. Create small steps for each goal to make achieving it less scary and more manageable. And celebrate when you reach each milestone…you deserve it! Make a budget …And stick to it! You need to establish where you are — before you determine where you are headed. It’s not as scary or difficult as it may seem. And when you get control over what you are spending vs. saving, it will add freedom to your life and help you make the best choices to benefit your long-term goals. Saving money is not about depriving yourself, but rather empowering your efforts. Cut excess spending Do you carefully track your expenses? Each and every one, from your daily...
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