7 Strategies for Developing Good Financial Habits

  1. PAY YOURSELF FIRST

Transfer a certain percentage of your paycheck to your savings account each payday. You earned the money; keep some of it!

2. SAVE YOUR TAX REFUND AND ANY WORK BONUSES

It's tempting to spend your tax refund or bonus as soon as it reaches your bank account; however, if you can, save it in a high yield savings account so that it can accumulate interest and grow.

3. CUT BACK ON YOUR HOME EXPENSES

From transitioning to a less expensive cable television package or mobile phone plan to reducing your monthly grocery bill, there are lots of ways to cut home spending. If you're not sure where to make cuts, create a list of your discretionary spending, including meals out, gourmet coffee, new clothes, etc. Little things like making your own coffee or shopping at outlets can add up to big savings.

4. SET A SAVINGS GOAL

Whether you wish to save enough to cover three months' expenses or for a down payment on a new home, it's helpful to have a number in mind, which can be broken down into smaller, more manageable increments that you can track easily.  Stay motivated by signing up to receive emails from your bank with your account balances.

5. TURN SAVING INTO A GAME

If you and your significant other or friend need competitive motivation to save money, create a game to see who can save the most each paycheck or each month.

6. PUT EXTRA CASH OR CHANGE INTO A JAR

Instead of letting change accrue at the bottom of your purse, on the kitchen counter or in your pockets, toss it into a large jar. Although it may seem insignificant, you may be surprised by how much you can save.

7. MAKE SAVING A HABIT

Set up a digital reminder on your phone, or place a sticky note on your calendar to remind you to save money. While it may take a month or two of focus and constant reminders to save, saving can become a habit - one that will pay off for years to come!

 

Information taken from 2014 Buffini & Company


How long will it take to sell your home!?

I have good news! If you are a home owner that is wanting to sell your home within a price range that has 6 or fewer months of inventory, then chances are in this market IT WILL SELL!

Are you frustrated not having an idea of how long it will take your home to sell? If you answered YES, this post will be helpful to better your understanding of the current market levels! This is accomplished through market DATA showing the current numbers of homes for sale within certain price ranges and homes that have sold within the last 6 months in those same respective price ranges.

Check out the months of inventory levels below to see where YOU fall under and see what the data is saying as to how long it will likely take your home to sell!