For our 75th episode of Money Talk with Skyler Fleming. My wonderful wife, Rebecca, and I went over 75 financial tips to help you out. Be sure to find your favorite one and go have a money talk about it with someone else! I hope this list helps you out. Please contact me if you have any questions about any of the topics!
- Sinking funds are my favorite way to save
- Budgeting is very important to consider and implement
- You can save too much money
- A written plan is one of the most important things to have
- Automation is essential to sticking to a long-term plan
- Credit cards are dangerous and not for everyone
- Credit cards can be a very nice tool
- Index funds are the way to go
- Simple investing is happy investing
- Look at your money in new ways and try out new ideas
- Budgeting gets easier and easier as you go
- It’s essential to work together with money if you’re living with someone
- Talking about money is important for everyone
- Create systems for your money
- Accountability partners are very helpful
- Make sure you are saving for retirement
- Don’t try to learn everything all at once
- Understand that behavior is a huge thing with money
- Emotions play a role with money so don’t plan as if they don’t
- Money impacts everyone's life in a lot of ways
- Planning goes a long way. With money, meals, transportation, etc…
- Discouraging salary discussions is a big red flag
- The emergency fund is non-negotiable
- Buy Now Pay Later is an old scam in new clothes that were probably bought with debt
- Don’t make decisions immediately when it comes to money
- Have a normal regular time to talk about and make decisions around money
- The 50/30/20 budget rule can be a great starting point
- You don’t have to be debt free to start investing
- Being debt free can open up many opportunities
- Meal planning can be a huge deal in your health and finances
- Make your goals measurable
- Track your expenses
- Use an online tool like PC, Mint or YNAB
- Go reusable
- Don’t get name-brand items
- Break up annual expenses into monthly savings
- No spend weeks
- Smart thermostats
- Research well before you buy
- The 24-hour rule
- Get a 401K employer match
- Save your received gift money
- Take advantage of deals and free things
- Pay more than the minimum payment on loans
- Don’t pay credit card interest
- Use credit cards wisely
- Don’t go into too much debt
- Avoid auto loans
- Use high-yield online savings accounts
- Buy larger/in bulk quantities.
- Eliminate daily expenses
- Use the GasBuddy app to find cheap gas
- Drive slower and less aggressive
- Shop around for deals
- Shop your insurance regularly
- Use the library for DVDs and entertainment
- Bike more
- Find free community events
- Assess your childhood experience with saving money
- Identify spending triggers
- Check your credit report
- Keep up on home maintenance. Especially windows
- Shop gently-used clothing
- Be open and honest about gift-giving expectations
- Save for Christmas and Holiday Spending
- Get annual checkups at the doctors
- Exercise regularly
- Cancel recurring subscriptions
- Pay attention to work benefits
- Don’t save your credit card information everywhere
- Use free credit monitoring and ID theft services from banks and CUs
- Sign up for free reward programs for the places you frequent
- Have a will
- HSA can be a great investing tool
- Take care of your financial life before taking care of others
Money Talk with Skyler Fleming
Read more at skylerfleming.com/blog
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Email me at moneytalk@skylerfleming.com