Congratulations you made it to COMMITMENT DAY!

“Commitment to what?” you ask.
“OUR SAVINGS PLANS!” I answered cheerfully!

I know, I know, I know, you’ve tried savings plans in the past that didn’t work. Save a dollar per corresponding week for a year. Tried it & failed. Save every $5 bill you come across. Collected & spent them! Automate savings? Lol #Where. But this savings plan is even you-proof.

“Why is this savings plan me-proof?” you ask.
Here is why… today you will get married to your financial plan!

“How do I marry my financial plan?”
I am glad you asked …

Below are 3 steps + a philosophy to marry your savings plan. 

1. Change Your Perspective:
   Each and every time I started a savings plan in the past I fell short! Mostly because I looked at money as currency as opposed to looking at it as a tool (Money is a wrench). Looking at money as currency meant it is fluid and its purpose is to be traded for products and services. But if you adjust your perspective to money is a tool it will change how you valued it.case study: Someday before I get over the hill I want to purchase a home. In order to purchase said home, I will need a wrench or a down payment on the home. Without said wrench, the likely hood of being approved for a mortgage and purchasing the home is slim-to-none. Now when I pull up to the drive-thru for my morning latte habit or go to The Mid Summer Night’s Dream Shoe Sale (which I made up but that should be a thing), I think whether I want to wear the new shoes in my old rental home or wear old shoes in my new home.
2. Pay Me First:
   In the past, I couldn’t stick to my savings plan. I would go to a Shoe Sale & buy 2 pairs of shoes before I made a deposit into my savings account and/or paid any bills. So here you have little old me with a paycheck in hand from 40+ hard worked hours and no clue how to use my wrench. Instead of using my wrench to pay my electric, water & rent I would go let that thang loose at the mall, nail salon & restaurants. All before I got home turned on the lights to realize I didn’t use my wrench wisely. Now when I get paid I literally do the following:
   1. Take out 10% for Jesus.
   2. Match what I gave to Jesus in a high-interest savings account.
   3. Save another 5% to retire.
   4. Apply the remainder to my budget, that I determined at my last financial planning meeting.
3. Open 3, yes THREE Savings Accounts
   1. A High-Interest Savings Account for a large purchase.
   2. An Individual Retirement Savings Account.
   3. A “spare change account”, this is where to put any money left over after my bills are paid and spending allowance is used.

philosophy: Every little cent counts!

I hope these tips were helpful and you are willing to Marry Your Savings Plan! But most importantly, I want to remind you that I am NOT a financial advisor! I am just a girl, trying to #GetHerFinancialLife and sharing what I’ve learned along the way.

If these tips are helpful please take a moment and share it with another Damsel who may need help getting their finances in order.

Be bold. Live out loud & as always remember,

Distress

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