Figuring out what to do with your money can be overwhelming, so we're bringing it back to the basics.
☀️ Save 3-6 months of expenses in your emergency fund. This is for true emergencies like covering expenses during job loss, car repairs after an accident, etc.
☀️ Negotiate living expenses like phone bills and car insurance. You can negotiate living expenses like this because companies don't want you to switch. See what competitors' prices are, and use that to your advantage when negotiating.
☀️ Pay off high-interest debt first to save money in the long run. This will look different for everyone, so do your research.
☀️ Live below your means so that more of your money can go towards your priorities. As you make more money, be careful of lifestyle creep--instead of upgrading your lifestyle as you make more money, use that extra money towards your financial goals.
☀️ Create and stick to a budget, whether that's using an app, a spreadsheet, or pencil and paper. There are different kinds of budgets as well, such as the 50/20/30 budget rule and zero-based budgeting. It may take some time to figure out the method that works for you.
☀️ Contribute to sinking funds. Figure out what your sinking fund categories are, how much money needs to go toward them each month, and if they have "due by" dates. Then be sure to contribute those calculated amounts every month.
☀️ Track where your money is going. You'll start to see what areas you spend a lot of money in. From here, you can make better decisions so that you can cut back on those high-spend areas.
☀️ Invest, invest, invest! The earlier you start investing, the better. If your company has a 401K match program, take advantage of that because that's FREE money. If not, you should look into other ways to invest so that you're still preparing for retirement.
Are you doing all of these? Let me know in the comments! 👇🏻
🌐 www.anthonydoty.com
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How to Gain Real Wealth & Peace of Mind 🌟 #shorts
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Budget friendly self care swaps! This is so needed for me today 🧘🏻♀️☕️🧖🏼♀️
🌐 www.anthonydoty.com
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If you HAD to pick one... which would it be?!
🌐 www.anthonydoty.com
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Hey, everyone! I want to share a personal story with you that taught me some important lessons about credit and financial management. 😬
Recently, I lost $23,000 in available credit overnight with the X1 Card. Waking up to find out that a massive portion of my credit limit had disappeared was a shock, to say the least! This sudden reduction really got me thinking about how credit limits can impact our financial health—especially when we least expect it.
💳 What Happened:
The X1 Card issuer decided to lower my limit without warning, likely due to changes in my credit score or spending patterns. While it didn’t leave me with a major financial issue, it did have an immediate impact on my credit utilization, which can affect my credit score if not managed properly.
⚠️ Why It Matters:
Credit limit reductions like this can catch you off guard, especially if you rely heavily on one card. It’s a reminder to always monitor your credit and be prepared for changes.
💡 What You Can Do to ...
Hey WealthWithDoty family, I wanted to share my incredible journey with you all. Before meeting Holly, I was struggling with multiple businesses and no clear direction. But thanks to her amazing coaching and the AIM methodology, I've transformed my approach and regained my focus.
Check out video here:
If you're feeling stuck or need guidance, I highly recommend connecting with Holly. She can make a real difference in your journey, just like she did in mine! 🙌
🔗 Connect with Holly > https://Links.Anthonydoty.com/s/Holly
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Which of these financial tips do you apply?
🌐 www.anthonydoty.com
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