Have you ever had this happen to you? You are on the roll, saving money, you are loving seeing your savings grow and then poof? It disappears because there was an emergency, an unexpected expense, or something similar. It's not a good feeling, in fact it really hurts! In this episode I discuss one simple shift you can make to avoid depleting your savings. We'll discuss the types of savings you should have and there is one you are probably missing out on, how to define how much to save, the importance of setting clear boundaries for your savings and one thing you may not have considered that automation can do for you.
In Episode 005 you meet serial entrepreneur Adrianna Domingos-Lupher of MSB New Media, NextGen Mil Spouse and SpouseBox. As Jen interviews her, Adrianna shares the best money she has ever spent and discusses their household's single item purchase rule. Listen as she talks about how she doesn't skip her lattes and the very valuable experience she had with Groupon. You'll learn how putting savings on autopilot has helped her with worries of not having enough. Also, be sure to catch the part about the weekly scan and quarterly scrub strategy her and her husband use to keep their finances in check.
www.jenhemphill.com In this episode Jen tackles one of her most received questions: "how do you stick to a budget?" If you dread budgeting or have found yourself not sticking to a budget over and over again this episode is for you. Tune it to learn about the 2 questions you need to ask yourself and how to address the issue. She shares her perspective on a budget and how to set yourself up for success.