Award-winning freelance journalist, speaker, author of Mom and Dad, We Need to Talk. Get your copy: https://xitter.cf/t.co/Js72gqsRGO
Joined March 2009
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Wondering how to start the money talk with your parents? Check out the tips I shared from my new book, Mom and Dad, We Need to Talk, on @CNBC's @OnTheMoney. cnbc.com/video/2019/07/01/st… #MoneyTalks #personalfinance
A10 Here's a habit to quit or put on pause: social media scrolling. You can get debt under control and watch your checking account balance grow if you eliminate the tempation to spend. #CreditChat
A9 Automation and regular check-ins on your spending can help keep you on track. Getting an accountability partner also can help you stay consistent. #CreditChat
A8 Reviewing your credit report can let you see everything you owe in one place and serve as motivation to keep debt to a minimum and quickly pay off what you owe. #creditchat
A7 An emergency fund helps you avoid racking up debt or disrupting your financial plan to pay for unexpected costs. #creditchat
A6 Automation is a great tool for staying on top of financial tasks. It helps avoid late fees and missed payments on bills and ensures that money is going from each paycheck into retirement savings. #CreditChat
A5 Pay yourself first! Make sure you’re contributing enough from each paycheck to a retirement account. Tthis AARP calculator can help you see if you’re saving enough: aarp.org/money/retirement/re… #CreditChat
A4 Start by identifying or reviewing your financial priorities. Knowing where you want your money to go can help you create a budget that aligns your spending with your goals. #CreditChat
A3 Reviewing your spending can help you spot frequent purchases that can add up over time, unused services that should be canceled and opportunities to save. #CreditChat
A2 The biggest sign that your finances need a reset is not knowing where your money is going each month. If you’re operating without a budget, it’s time to implement one. #creditchat
A1 A financial reset is an opportunity to review where your money is going and whether your spending aligns with your goals. It can help you identify wasteful spending to free up cash for holiday expenses. #creditchat
Looking forward to today's @Experian #CreditChat about giving your finances a reset before the busy season. Hope to see you there!
A10 Track your spending. You won’t know where your money is actually going unless you’re keeping tabs on it. I log onto my bank account several times a week. #CreditChat
A9a You could give yourself a cash allowance each month to spend on whatever you choose. But, remember, that once the cash is gone, you can’t withdraw more until the next month.#CreditChat
A9 The benefit of creating a budget is that you can determine how much you can afford to spend freely on things you enjoy. #CreditChat
A8 Create an itemized list of what you’ve spent money on over the past month. This makes it easier to see if you’re money is going where you want it to go. #CreditChat
A7 Pay attention not only to how much you’re spending on various things but also how often you’re spending on those things. A $5 coffee might not seem like a lot, but it adds up quickly if you spend that much daily. #CreditChat
A6 Emotions often fuel spending. Before buying something, try asking yourself how you’re feeling. It could help you identify if you’re shopping to soothe a negative emotion. #CreditChat
A5 Social media is such a negative influence, especially considering that sponsored posts make it so easy to buy things with just a few clicks. #CreditChat
A4 Start by making a list of your financial priorities. As you review your spending, see how much of your income is actually going to priorities – such as debt repayment, retirement savings or emergency savings. #CreditChat
A3 It varies from person to person. Some might be surprised by how much they’re spending on meals out. Some might be surprised by how much monthly subscriptions are costing them. #CreditChat