SPEND LESS THAN YOU MAKE
We've served thousands of clients in our little community. Many times, we've interviewed some of our wealthy clients, and every last one of them have told us their secret to success. It is alway this: spend less than you make! That means you have to know your income, and how much you are spending every month, down to the penny. That means you have control of your money!
EMERGENCY SAVINGS OF AT LEAST $1,000, UP TO 2% OF ANNUAL INCOME
Having an emergency savings can be a huge advantage. Too many people fall back on using credit cards for emergencies, and this can be COSTLY. So, build up an emergency savings of at least $1,000, and if you want to be a little more protected, make it equal 2% of your annual income (for a quick example, if you make $80,000 per year, 2% of that would be $1,600).
REVIEW, TRACK, AND FORECAST YOUR SPENDING PLAN
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NEVER FIGHT WITH YOUR PARTNER ABOUT MONEY
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ONE OF YOUR MANDATORY EXPENSES EACH MONTH IS SAVINGS, EQUAL TO AT LEAST 10% OF YOUR INCOME
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