Today at Women2Women...
Katie Buice with Capstone Financial spoke to us about:
"Five Things You Must Do Today to Navigate These Financial Waters"
1. Manage your cash flow. You should be on a budget and if you're too lazy to do quicken or the like, there's a free website called www.mint.com that you can use to manage your money. (Katie encouraged everyone to read the privacy and security FAQs to determine for themselves if it is appropriate for them.) You must know where your money is going!
2. Stash your Cash. You must build an emergency fund. Find the money and just do it. Look for money in unconventional places such as old insurance policies. Hoard every dollar and put it into savings. You may need it!
3. Don't stop investing. If you have to reduce your contributions, that's ok. But don't stop investing. If you do , you will get used to spending that extra money and when things are better you won't be able to live without it.
4. Look at your protection. You need lots and lots of life insurance. Update your will. Don't let your insurance policies lapse for any reason.
5. Find other ways to make money. Take on extra jobs. Have a yard sale. Sell on craigslist.com, it's free. You don't have to think high level right now. Any extra cash is good and you should be putting it into your savings account.
2. Stash your Cash. You must build an emergency fund. Find the money and just do it. Look for money in unconventional places such as old insurance policies. Hoard every dollar and put it into savings. You may need it!
3. Don't stop investing. If you have to reduce your contributions, that's ok. But don't stop investing. If you do , you will get used to spending that extra money and when things are better you won't be able to live without it.
4. Look at your protection. You need lots and lots of life insurance. Update your will. Don't let your insurance policies lapse for any reason.
5. Find other ways to make money. Take on extra jobs. Have a yard sale. Sell on craigslist.com, it's free. You don't have to think high level right now. Any extra cash is good and you should be putting it into your savings account.
Katie did a wonderful job of presenting these ideas and helping us understand them. Don't let her young appearance fool you, Katie is a very professional and capable young lady! Thank you Katie for taking the time to do this for us, and for being a huge support for Women2Women. You can contact Katie at 770-377-9834 or ebuice@finsvcs.com .
I look forward to seeing all of you again, next month!
Kimberly