The Your Pretty Pennies Podcast

**It’s Time To Update Your Beneficiaries, Policies, and Tax Withholdings | Financial Spring Cleaning Series** Apr 25, 2019

Spring is in the air, and you know what that means – time for a fresh start! While we’re busy tidying up our homes and wardrobes, let’s not forget about our finances. It’s the perfect season for a little financial spring cleaning. Today, we’re diving into the nitty-gritty of updating your beneficiaries, policies, and tax withholdings. Trust me, your future self will thank you!

**Why Updating Your Beneficiaries Matters**

Life changes, and so should your beneficiary designations. Whether it’s due to marriage, divorce, the birth of a child, or simply changing relationships, keeping your beneficiaries up to date ensures your assets go where you want them to when the time comes.

**Review All Accounts:** Start by reviewing all your accounts – retirement plans, life insurance policies, and any other accounts that require a beneficiary designation. Make a list and check who’s listed on each one.

**Update Beneficiary Forms:** If there have been any life changes, update your beneficiary forms. Contact your financial institutions or insurance companies to get the necessary paperwork. It’s usually a simple process but incredibly important.

**Consider Contingent Beneficiaries:** Don’t forget to add contingent beneficiaries – the folks who will inherit if your primary beneficiaries aren’t available. It adds an extra layer of security to your plans.

**Communicate Your Wishes:** Make sure your loved ones know about your beneficiary designations. Clear communication can prevent confusion and ensure your wishes are honored.

**Reviewing and Updating Policies**

Next up, let’s talk policies – life insurance, health insurance, and any other coverage you have. Policies need to be reviewed periodically to ensure they still meet your needs.

**Life Insurance:** Is your coverage amount still appropriate? If you’ve had significant life changes, like buying a home or having children, you might need more coverage.

**Health Insurance:** Review your health insurance policy. Are you utilizing all the benefits? Are there better options available that could save you money or provide better coverage?

**Home and Auto Insurance:** Check your home and auto policies to make sure you have adequate coverage. Look for any new discounts or better rates that you might qualify for.

**Document Everything:** Keep all your policy documents in a safe and organized place. Make sure your loved ones know where to find them in case of an emergency.

**Adjusting Tax Withholdings**

Taxes might not be the most exciting topic, but getting your withholdings right can make a big difference in your financial health. Nobody wants a surprise tax bill!

**Review Your W-4:** If you’re an employee, review your W-4 form to make sure your withholdings reflect your current situation. Major life events like marriage, divorce, or having children can affect your tax liability.

**Self-Employed? Check Estimated Taxes:** If you’re self-employed, review your estimated tax payments. Make sure you’re on track to avoid any penalties or big tax bills.

**Utilize Tax Credits and Deductions:** Stay informed about available tax credits and deductions that you might qualify for. Education credits, energy-efficient home improvements, and retirement contributions can all help lower your tax bill.

**Consult a Tax Professional:** If you’re unsure about your withholdings or have a complex financial situation, consult a tax professional. They can provide personalized advice to optimize your tax strategy.

**Spring Clean Your Financial Documents**

While you’re at it, take some time to organize and declutter your financial documents. Shred any outdated or unnecessary paperwork, and create a filing system for the documents you need to keep. Digitalize what you can to reduce paper clutter and make everything easier to find.

**Wrapping Up Your Financial Spring Cleaning**

Spring cleaning your finances might not be as fun as shopping for a new wardrobe, but it’s just as essential. Updating your beneficiaries, reviewing your policies, and adjusting your tax withholdings can save you time, money, and stress in the long run. So, pour yourself a cup of tea, put on your favorite playlist, and give your finances the attention they deserve.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post It’s Time To Update Your Beneficiaries, Policies, and Tax Withholdings | Financial Spring Cleaning Series appeared first on Your Pretty Pennies.

**How To Clean Up Your Credit Report | Financial Spring Cleaning Series** Apr 24, 2019

Spring is here, and it’s time to shake off the winter blues and freshen up our lives – including our finances. Just like we declutter our homes, it’s essential to do a little financial spring cleaning. Today, we’re diving into the all-important task of cleaning up your credit report. A healthy credit report is your golden ticket to better interest rates, loan approvals, and even job opportunities. So, let’s roll up our sleeves and get to work!

**1. Get Your Credit Reports**

First things first, you need to know where you stand. You’re entitled to a free credit report from each of the three major credit bureaus – Equifax, Experian, and TransUnion – once a year. Head over to AnnualCreditReport.com and grab your reports. Reviewing all three is crucial because there could be discrepancies between them.

**Action Point:** Download and print your credit reports from Equifax, Experian, and TransUnion. Keep them organized and handy for reference.

**2. Review Your Reports for Errors**

Now that you have your reports, it’s time to go through them with a fine-tooth comb. Look for errors or discrepancies that could be dragging down your score. Common errors include incorrect personal information, accounts that aren’t yours, and outdated information.

**Action Point:** Check each section of your credit reports – personal information, account history, inquiries, and public records. Highlight any errors or suspicious entries.

**3. Dispute Any Errors**

Found an error? Don’t panic. Disputing errors on your credit report is straightforward but requires a bit of diligence. Contact the credit bureau where you found the error and provide documentation to support your claim.

**Action Point:** Write a dispute letter to the credit bureau, including copies of any supporting documents. Send your dispute via certified mail with a return receipt requested so you have proof of your action.

**4. Pay Down Outstanding Debts**

Outstanding debts are like dust bunnies under your bed – they need to be tackled! Prioritize paying off high-interest debts first, but make sure you’re making at least the minimum payments on all your accounts to avoid further damage to your credit score.

**Action Point:** Create a debt repayment plan focusing on high-interest debts. Set up automatic payments to ensure you never miss a due date.

**5. Negotiate With Creditors**

If you’re struggling with large balances or delinquent accounts, don’t be afraid to reach out to your creditors. Many are willing to negotiate payment plans or even settle for a lesser amount. A little negotiation can go a long way in cleaning up your credit report.

**Action Point:** Contact your creditors to discuss your options. Keep records of all communications and agreements in writing.

**6. Avoid New Credit Applications**

While cleaning up your credit report, it’s best to avoid applying for new credit. Each application triggers a hard inquiry, which can temporarily lower your credit score. Focus on improving your existing accounts before taking on new credit.

**Action Point:** Hold off on applying for new credit cards or loans until your credit report is in better shape.

**7. Monitor Your Credit Regularly**

Cleaning up your credit report isn’t a one-time task. Regular monitoring helps you catch errors early and keep your financial health in check. Consider signing up for a credit monitoring service or setting reminders to check your reports periodically.

**Action Point:** Choose a reliable credit monitoring service or set a calendar reminder to review your credit reports every few months.

**Wrapping Up Your Credit Cleanup**

Spring cleaning your credit report might seem daunting, but taking it step-by-step makes it manageable. By reviewing your reports, disputing errors, paying down debts, and monitoring regularly, you’ll be well on your way to a sparkling credit profile. A clean credit report opens doors to better financial opportunities and peace of mind.

So, let’s get to it… Grab your favorite beverage, put on some empowering tunes, and tackle that credit report like the boss babe you are. Your financial future is looking brighter already!

**Would you like assistance with creating a personal finance plan?** CLICK HERE to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Clean Up Your Credit Report | Financial Spring Cleaning Series appeared first on Your Pretty Pennies.

**3 Steps To Cleaning Up Your Financial House | Financial Spring Cleaning Series** Apr 23, 2019

Spring is the season of renewal, and while we’re busy decluttering our closets and refreshing our living spaces, it’s also the perfect time to tidy up our finances. A little financial spring cleaning can set you on the path to financial freedom and peace of mind. Let’s dive into three essential steps to get your financial house in order.

**1. Assess and Organize Your Financial Situation**

The first step in your financial spring cleaning journey is to take a good, hard look at your current financial situation. It might seem daunting, but trust me, getting organized will make you feel empowered and in control.

**Gather All Financial Documents:** Start by collecting all your financial documents – bank statements, credit card statements, investment account summaries, loan documents, and tax returns. Create a dedicated space, either physical or digital, to store these documents.

**Track Your Income and Expenses:** Use a budgeting app or a simple spreadsheet to track your income and expenses. Knowing where your money is going is the first step towards making informed financial decisions.

**Review Your Debts:** List all your debts, including the outstanding balances, interest rates, and minimum monthly payments. Understanding your debt situation will help you create a plan to pay it off faster.

**Set Clear Financial Goals:** Define your short-term and long-term financial goals. Whether it’s paying off debt, saving for a vacation, or building an emergency fund, having clear goals will keep you motivated and focused.

**2. Clean Up Your Budget**

Now that you have a clear picture of your financial situation, it’s time to clean up your budget. A well-structured budget is your roadmap to financial success.

**Analyze Your Spending Habits:** Look at your spending patterns over the past few months. Identify areas where you can cut back. Are there subscriptions you don’t use? Dining out too often? Trim the excess fat and redirect that money towards your financial goals.

**Create a Realistic Budget:** Based on your analysis, create a realistic budget that aligns with your financial goals. Allocate funds for necessities like rent, groceries, and utilities first. Then, set aside money for savings and debt repayment. Don’t forget to include a little fun money – life is too short to be all work and no play!

**Automate Savings:** Make saving effortless by setting up automatic transfers to your savings account. Treat your savings like a non-negotiable expense. This way, you’re consistently building your financial safety net without even thinking about it.

**Adjust as Needed:** Your budget isn’t set in stone. Life changes, and so should your budget. Review it regularly and make adjustments as needed to stay on track.

**3. Review and Update Financial Plans and Documents**

The final step in your financial spring cleaning is to review and update your financial plans and documents. This ensures that everything is current and reflective of your current situation and goals.

**Update Beneficiaries:** Review the beneficiaries on your insurance policies, retirement accounts, and other financial accounts. Life changes like marriage, divorce, or having children should prompt a review and update of your beneficiary designations.

**Review Insurance Coverage:** Check your insurance policies – health, life, auto, and home – to ensure you have adequate coverage. Make adjustments if your circumstances have changed, such as buying a new home or adding a new family member.

**Adjust Tax Withholdings:** If you’ve experienced major life changes, review your tax withholdings. Adjusting your W-4 can ensure you’re not overpaying or underpaying taxes throughout the year.

**Consolidate Accounts:** If you have multiple accounts, consider consolidating them to simplify your financial management. This can help reduce fees and make it easier to track your finances.

**Wrapping Up Your Financial Spring Cleaning**

Financial spring cleaning isn’t just about tidying up your finances; it’s about setting yourself up for long-term success. By assessing and organizing your financial situation, cleaning up your budget, and updating your financial plans, you’ll feel more confident and in control of your money. So, put on your favorite playlist, grab a cup of tea, and get started on sprucing up your financial house.

**Would you like assistance with creating a personal finance plan?** CLICK HERE to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 3 Steps To Cleaning Up Your Financial House | Financial Spring Cleaning Series appeared first on Your Pretty Pennies.

**Being In Debt vs. Leveraging Credit | #FinancialLevelUpSeries** Mar 14, 2019

Let’s talk about a topic that often comes with a lot of confusion and a bit of stress: debt. But wait, before you get overwhelmed, let’s flip the script and look at debt through a different lens. Today, we’re diving into the difference between being in debt and leveraging lines of credit to build wealth. Understanding this difference can be a game-changer for your financial journey.

**Being in Debt: The Dark Side**

Let’s be real – debt can be a heavy burden. It’s the kind of debt that sneaks up on you, often from high-interest credit cards, personal loans, or unnecessary spending. This type of debt can feel like a ball and chain, holding you back from achieving your financial goals.

**High-Interest Debt:** Credit card debt is notorious for its high interest rates. If you’re only making minimum payments, you’re barely making a dent in the principal balance, and interest keeps piling up. It’s a cycle that’s tough to break.

**Personal Loans:** While sometimes necessary, personal loans taken out without a clear repayment plan can lead to financial strain. If used for non-essential items, it can quickly become a financial burden.

**Financial Stress:** The stress of unmanageable debt can affect your mental and emotional well-being. Constant worry about making payments or falling behind can take a toll on your overall health.

**Leveraging Lines of Credit: The Bright Side**

Now, let’s flip the script and talk about leveraging lines of credit to build wealth. This isn’t about accumulating debt for the sake of it; it’s about using credit strategically to enhance your financial position.

**Investment Opportunities:** Leveraging credit can open doors to investment opportunities that you might not have been able to access otherwise. For example, using a business line of credit to invest in inventory, marketing, or expansion can yield significant returns if done wisely.

**Real Estate Investments:** Many successful real estate investors use lines of credit to purchase properties. With careful planning and market research, these investments can generate rental income and appreciate over time, building wealth.

**Building Credit History:** Responsibly using lines of credit can improve your credit score. A higher credit score opens up better borrowing opportunities and lower interest rates, which can save you money in the long run.

**Tax Advantages:** Some investments made with borrowed money can offer tax advantages. For instance, mortgage interest on investment properties is often tax-deductible, reducing your taxable income.

**How to Use Credit Wisely**

**Have a Clear Plan:** Before leveraging any line of credit, have a clear and detailed plan. Understand how you will use the funds, how they will generate income or returns, and how you will repay the borrowed amount.

**Low-Interest Rates:** Look for lines of credit with low-interest rates. Business lines of credit, home equity lines of credit (HELOCs), or low-interest personal loans can be good options if used correctly.

**Limit Risk:** Ensure that the potential returns from your investment outweigh the cost of borrowing. Avoid high-risk ventures that could jeopardize your financial stability.

**Monitor and Adjust:** Regularly review your financial situation and the performance of your investments. Be prepared to make adjustments if things aren’t going as planned.

**Striking the Right Balance**

It’s essential to strike the right balance between using credit to build wealth and falling into debt. The key is to use credit as a tool, not as a crutch. Leverage it to create opportunities that enhance your financial position, not to cover everyday expenses or lifestyle inflation.

**Wrapping Up**

Debt and leveraging lines of credit are two sides of the same coin. While debt can be a hindrance, strategic use of credit can be a powerful wealth-building tool. The difference lies in how you manage and utilize it. With a clear plan, disciplined approach, and a bit of financial savvy, you can turn credit into an asset rather than a liability.

**Would you like assistance with creating a personal finance plan?** CLICK HERE to apply for Financial Success Coaching with me!

Or..

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Being In Debt vs. Leveraging Credit | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.

**The Best Way To Build Multiple Streams of Income | #FinancialLevelUpSeries** Mar 14, 2019

In today’s dynamic world, having multiple streams of income isn’t just a luxury – it’s a necessity. It’s time to harness our power and secure our financial future by diversifying our income sources. Building multiple streams of income can provide financial security, freedom, and the peace of mind we deserve. So, let’s dive into the best ways to create those extra revenue streams and build the wealth we deserve.

**1. Start with Your Passion and Skills**

First things first, identify your passions and skills. What do you love doing? What are you good at? The best way to create additional income is to leverage what you already have.

**Freelancing:** If you have a talent for writing, graphic design, photography, or even social media management, consider freelancing. Websites like Upwork, Fiverr, and Freelancer are great platforms to find gigs and showcase your skills.

**Consulting:** Are you an expert in your field? Offer consulting services. Businesses and individuals are willing to pay for your knowledge and expertise.

**2. Invest in Real Estate**

Real estate can be a fantastic way to build a steady stream of income. Whether it’s through rental properties, house flipping, or investing in real estate investment trusts (REITs), the opportunities are abundant.

**Rental Properties:** Owning rental properties can provide a reliable monthly income. Start small with a single-family home or a duplex and gradually expand your portfolio.

**REITs:** If owning property isn’t your thing, consider investing in REITs. They allow you to invest in real estate without the hassle of property management, and they typically pay out dividends.

**3. Create an Online Business**

The digital world is brimming with opportunities. Creating an online business can be a game-changer, offering flexibility and scalability.

**E-commerce:** Start an online store. Whether it’s handmade crafts, print-on-demand products, or dropshipping, e-commerce can be incredibly lucrative.

**Blogging/Vlogging:** Share your knowledge and experiences through a blog or YouTube channel. Once you build an audience, you can monetize through ads, sponsored content, and affiliate marketing.

**Online Courses:** If you’re knowledgeable about a particular subject, create and sell online courses. Platforms like Udemy and Teachable make it easy to reach a global audience.

**4. Invest in the Stock Market**

Investing in the stock market can be an excellent way to generate passive income. With careful planning and research, you can build a portfolio that grows over time.

**Dividend Stocks:** Invest in dividend-paying stocks. These companies pay out a portion of their earnings to shareholders, providing a regular income stream.

**Index Funds:** Consider investing in index funds or ETFs. They offer diversification and typically have lower fees than actively managed funds.

**5. Explore the Gig Economy**

The gig economy is booming, and it’s full of opportunities to make extra cash.

**Ride-Sharing/Delivery:** Companies like Uber, Lyft, DoorDash, and Instacart offer flexible ways to earn money on your own schedule.

**Short-Term Rentals:** If you have extra space, consider renting it out on Airbnb or VRBO. This can be a great way to monetize unused areas of your home.

**6. Create Passive Income Streams**

Passive income is the holy grail of financial freedom. These income streams require upfront effort but continue to generate revenue with minimal ongoing effort.

**Royalties:** If you’re creative, consider writing a book, creating music, or designing digital products. These can generate royalties or sales long after the initial creation.

**Affiliate Marketing:** Promote products and earn a commission for every sale made through your referral. This works well if you have a blog, YouTube channel, or social media following.

**7. Network and Collaborate**

Networking is crucial. Surround yourself with like-minded individuals and seek out mentorship and collaboration opportunities. Join professional groups, attend seminars, and participate in online communities. The right connections can open doors to new opportunities and partnerships.

**Final Thoughts**

Building multiple streams of income isn’t just about hustling harder – it’s about working smarter. Diversify your income sources, leverage your skills and passions, and don’t be afraid to take calculated risks.

Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!

Or…

Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The Best Way To Build Multiple Streams of Income | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.

**Here’s How To Save Money On Any Income | #FinancialLevelUpSeries** Mar 12, 2019

No matter what your income level is, saving money is a crucial part of securing your financial future and achieving your dreams. Whether you’re just starting out or already earning a comfortable salary, there are always ways to save. Let’s dive into some savvy strategies to help you save money on any income.

**1. Create a Budget That Works for You**

First things first, you need a budget. Think of it as your financial roadmap, guiding you towards your goals.

**Track Your Spending:** Start by tracking your expenses for a month. Write down everything, from your rent and bills to your daily coffee. This will give you a clear picture of where your money is going.

**Set Realistic Goals:** Once you have a grasp on your spending, set realistic savings goals. Aim to save at least 20% of your income if possible, but don’t worry if you need to start smaller. The key is consistency.

**Prioritize Needs Over Wants:** Separate your needs (rent, groceries, utilities) from your wants (dining out, shopping, entertainment). Allocate funds to your needs first, and then budget for your wants.

**2. Automate Your Savings**

Out of sight, out of mind – that’s the magic of automating your savings.

**Set Up Automatic Transfers:** Arrange for a portion of your paycheck to be automatically transferred to your savings account. This way, you’re saving without even thinking about it.

**Use Savings Apps:** There are plenty of apps designed to help you save effortlessly. Apps like Acorns round up your purchases and invest the spare change, making saving easy and painless.

**3. Cut Down on Unnecessary Expenses**

Time to get ruthless with those unnecessary expenses, sis!

**Audit Your Subscriptions:** Are you really using all those streaming services and magazine subscriptions? Cancel any that you don’t use regularly.

**Cook at Home:** Eating out can be a major budget-buster. Plan your meals and cook at home more often. It’s healthier and much cheaper.

**Shop Smart:** Always look for discounts, use coupons, and buy in bulk when it makes sense. Shopping smarter can save you a significant amount over time.

**4. Pay Yourself First**

This one’s a game-changer, queen. Pay yourself first means setting aside money for your savings before you spend on anything else.

**Prioritize Your Savings:** As soon as you get your paycheck, transfer a set amount to your savings. Treat it like any other bill that must be paid.

**Emergency Fund:** Focus on building an emergency fund that covers 3-6 months of living expenses. This fund is your safety net for unexpected expenses.

**5. Invest in Your Future**

Saving is essential, but investing is how you grow your wealth.

**Start Small:** You don’t need a lot of money to start investing. Use platforms like Robinhood or E*TRADE, which allow you to invest with small amounts.

**Diversify Your Investments:** Spread your investments across different asset classes (stocks, bonds, real estate) to minimize risk.

**Educate Yourself:** Knowledge is power. Read books, attend seminars, and follow financial blogs to learn about investing.

**6. Avoid High-Interest Debt**

Debt can be a major obstacle to saving, especially if it’s high-interest debt like credit cards.

**Pay Off High-Interest Debt First:** Focus on paying off high-interest debt as quickly as possible. Consider consolidating your debt or negotiating lower interest rates.

**Use Credit Wisely:** Only use credit when necessary and pay off your balance in full each month to avoid interest charges.

**7. Increase Your Income**

While cutting expenses is crucial, increasing your income can give your savings a major boost.

**Side Hustles:** Explore side hustles that fit your skills and interests. Whether it’s freelance work, tutoring, or selling crafts, extra income can make a big difference.

**Ask for a Raise:** Don’t be afraid to ask for a raise if you’ve been performing well at work. Be prepared with evidence of your contributions and the value you bring to the company.

**Final Thoughts**

Saving money on any income is possible with the right strategies and a determined mindset. Create a budget, automate your savings, cut unnecessary expenses, and invest in your future. Remember, every little bit adds up, and the habits you build now will pave the way for a financially secure future.

**Would you like assistance with creating a personal finance plan?** CLICK HERE to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s How To Save Money On Any Income | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.

**3 Reasons Why You Should Give Consistently | #FinancialLevelUpSeries** Mar 08, 2019

As we navigate through life’s ups and downs, there’s one powerful action that can make a profound difference: giving consistently. Whether it’s your time, money, or resources, regular giving enriches your life and the lives of those around you. Let’s explore three compelling reasons why you should make consistent giving a part of your routine.

**1. Creating a Positive Impact**

First and foremost, consistent giving allows you to create a sustained positive impact. When you give regularly, you become a reliable source of support for the causes you care about, enabling them to plan and execute long-term projects that bring about significant change.

**Empowering Change:** Your consistent contributions empower organizations to embark on long-term initiatives. Whether it’s funding scholarships, supporting research, or providing ongoing aid to those in need, your regular giving ensures that these programs can continue to operate and thrive.

**Building Strong Communities:** By giving consistently, you help build stronger communities. Your steady support can fund local projects, improve public services, and enhance the quality of life for everyone in your community. It’s like planting seeds that grow into a flourishing garden, benefiting everyone around.

**Inspiring Others:** Your commitment to giving can inspire others to follow suit. When people see your dedication, they’re more likely to join in and contribute, amplifying the impact even further. You become a beacon of hope and generosity, encouraging a ripple effect of kindness and support.

**2. Personal Growth and Fulfillment**

Consistent giving isn’t just about helping others; it’s also about enriching your own life. The act of giving can lead to personal growth and a deeper sense of fulfillment that enhances your well-being in countless ways.

**Cultivating Gratitude:** Regular giving fosters a mindset of gratitude. As you support others, you become more aware of your own blessings and privileges, which can increase your appreciation for what you have. Gratitude, in turn, is linked to greater happiness and life satisfaction.

**Developing Empathy:** Consistent giving helps you develop empathy and compassion. By connecting with the struggles and needs of others, you gain a deeper understanding of different perspectives and experiences. This can strengthen your emotional intelligence and improve your relationships with others.

**Boosting Happiness:** Studies have shown that giving can boost your mood and overall happiness. The act of helping others releases endorphins, the brain’s feel-good chemicals, creating a “helper’s high.” Regularly experiencing this joy can lead to a more positive outlook on life.

**3. Strengthening Your Financial Discipline**

Lastly, consistent giving can enhance your financial discipline. By making giving a regular part of your budget, you learn to manage your finances more effectively and prioritize what truly matters.

**Budgeting with Purpose:** When you commit to regular giving, you incorporate it into your budget, just like any other expense. This requires you to plan and allocate your resources thoughtfully, leading to better overall financial management.

**Setting Priorities:** Regular giving helps you clarify your financial priorities. It encourages you to focus on what’s truly important and align your spending with your values. This can lead to more mindful consumption and reduced impulse spending.

**Building a Legacy:** Consistent giving allows you to build a legacy of generosity and impact. Over time, your contributions can accumulate, making a significant difference in the lives of others and leaving a lasting imprint. It’s a powerful way to ensure that your financial resources are used for meaningful purposes.

**Wrapping Up**

Consistent giving is a powerful practice that benefits both the giver and the receiver. It allows you to create lasting change, promotes personal growth and fulfillment, and enhances your financial discipline. So, queens, let’s embrace the power of regular giving and make it a cornerstone of our lives. By doing so, we not only uplift others but also elevate ourselves, creating a more compassionate and connected world.

Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!

Or…

Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 3 Reasons Why You Should Give Consistently | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.

**3 Ways to Increase Your Main Source of Income | #FinancialLevelUpSeries** Mar 07, 2019

Are you ready to level up your financial game and boost that main source of income? Whether you’re looking to climb the corporate ladder, enhance your business, or find new avenues within your current profession, there are strategic steps you can take to make it happen. Let’s dive into three powerful ways to increase your main source of income and secure that financial glow-up.

1. **Advance Your Skills and Education**

Education and skill development are key to unlocking higher earnings. Investing in yourself is one of the most effective ways to boost your income potential.

**Seek Additional Qualifications:** Look into certifications, courses, or degrees that can elevate your expertise in your field. Whether it’s an advanced degree, a professional certification, or specialized training, additional qualifications can make you more valuable to employers or clients.

**Stay Updated with Industry Trends:** Keeping up with the latest trends and technologies in your industry can set you apart. Attend workshops, webinars, and conferences. Subscribe to industry publications and join professional associations. Being in the know can open doors to new opportunities and higher-paying roles.

**Develop Soft Skills:** Don’t underestimate the power of soft skills like communication, leadership, and emotional intelligence. These are highly valued in any profession. Improving these skills can lead to promotions, better client relationships, and increased income.

2. **Negotiate for a Raise or Promotion**

When was the last time you evaluated your worth in the job market? If it’s been a while, it might be time to negotiate for a raise or promotion.

**Prepare Your Case:** Gather data on your contributions, achievements, and any additional responsibilities you’ve taken on. Highlight how your work has positively impacted the company. Use this information to build a strong case for why you deserve a raise or promotion.

**Research Salary Benchmarks:** Know your worth by researching the average salary for your position in your industry and geographic area. Websites like Glassdoor, PayScale, and LinkedIn Salary can provide valuable insights. This knowledge empowers you to negotiate confidently.

**Practice Negotiation Skills:** Role-play negotiation scenarios with a trusted friend or mentor. Practice makes perfect, and being prepared can help you navigate the conversation with your employer more effectively. Remember, queens don’t settle for less than they deserve!

3. **Expand Your Role or Take on Side Projects**

Sometimes the best way to increase your income is to create opportunities within your current role or by taking on additional projects.

**Seek Out New Responsibilities:** Look for ways to add value to your current position. Propose new projects, take initiative, and volunteer for leadership roles. Demonstrating your willingness to go above and beyond can position you for raises and promotions.

**Freelance or Consult:** If you have skills that can be monetized outside of your regular job, consider freelancing or consulting. Whether it’s graphic design, writing, coding, or business consulting, there’s likely a market for your expertise. This can be a great way to supplement your income and diversify your revenue streams.

**Monetize a Passion Project:** Have a hobby or passion that you love? Think about ways to turn it into a side business. Whether it’s selling handmade crafts, offering fitness coaching, or starting a blog, there are countless ways to turn your passions into profit.

Wrapping Up

Increasing your main source of income requires a mix of strategic planning, skill development, and proactive career management. By investing in your education, negotiating effectively, and seeking out new opportunities, you can elevate your earning potential and secure a brighter financial future.

Remember, the path to financial empowerment is paved with knowledge, confidence, and determination. So, go out there and claim what’s yours!

**Would you like assistance with creating a personal finance plan?** CLICK HERE to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 3 Ways to Increase Your Main Source of Income | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.

**How To Reset Your Money Mindset | #FinancialLevelUpSeries** Mar 06, 2019

Today, we’re diving into a topic that’s just as important as balancing your budget or investing wisely – your money mindset. How you think about money can significantly impact your financial success. A positive, empowered mindset can open doors to abundance, while a negative or limiting mindset can keep you stuck. So, let’s talk about how to reset your money mindset and step into your financial power.

**1. Identify Limiting Beliefs**

First things first, let’s get real about what’s holding you back. We all have limiting beliefs about money that can stem from our upbringing, culture, or past experiences. It’s time to bring these beliefs into the light and challenge them.

**Common Limiting Beliefs:** “Money is the root of all evil,” “I’ll never be rich,” or “I’m bad with money.” Sound familiar? These thoughts can sabotage your financial success.

**Journal It Out:** Write down your thoughts and feelings about money. Be honest and dig deep. This process will help you identify patterns and beliefs that need to change.

**Challenge Your Beliefs:** Once you’ve identified a limiting belief, question its validity. Ask yourself, “Is this really true?” Often, you’ll find that these beliefs are not based on facts but rather on fear or misinformation.

**2. Embrace a Wealth Mindset**

To attract abundance, you need to start thinking like someone who is already abundant. Embracing a wealth mindset means believing that you deserve financial success and that there is enough wealth to go around for everyone.

**Affirmations Are Key:** Use positive affirmations to rewire your brain. Phrases like “I am worthy of financial success,” “Money flows to me easily and effortlessly,” and “I am a money magnet” can help shift your mindset.

**Visualize Your Success:** Spend a few minutes each day visualizing yourself achieving your financial goals. See yourself living the life you desire, and feel the emotions that come with that success. This can make your goals feel more attainable.

**Surround Yourself with Positivity:** Fill your environment with positive influences. Follow financial gurus who inspire you, read books about wealth building, and connect with like-minded individuals who uplift and motivate you.

**3. Educate Yourself**

Knowledge is power, queen! The more you know about money management, investing, and wealth-building, the more confident you’ll feel about your financial future.

**Financial Literacy:** Take the time to educate yourself about personal finance. There are plenty of resources available – from books and podcasts to online courses and workshops.

**Set Financial Goals:** Clear, specific goals give you direction and purpose. Whether it’s saving for a home, paying off debt, or building an emergency fund, knowing what you’re working towards will keep you motivated.

**Track Your Progress:** Regularly review your financial situation. Celebrate your successes and learn from any setbacks. This will keep you on track and help you make informed decisions.

**4. Practice Gratitude and Generosity**

Gratitude and generosity are powerful tools for shifting your money mindset. When you focus on what you have and give freely, you create a sense of abundance and attract more wealth into your life.

**Daily Gratitude:** Every day, take a moment to appreciate what you have. It could be as simple as a roof over your head, food on the table, or the love of family and friends. Gratitude shifts your focus from lack to abundance.

**Give Back:** Whether it’s donating to charity, helping a friend in need, or volunteering your time, giving back fosters a sense of abundance and reinforces the idea that there is enough for everyone.

**5. Invest in Yourself**

Lastly, remember that you are your greatest asset. Investing in yourself is the best way to ensure long-term financial success.

**Personal Development:** Spend time and resources on your personal and professional growth. This could mean furthering your education, learning new skills, or even taking care of your mental and physical health.

**Network and Connect:** Build relationships with people who inspire and support you. Networking can open doors to new opportunities and help you grow both personally and professionally.

Resetting your money mindset is a journey, not a one-time event. Be patient with yourself and stay committed to the process. By changing the way you think about money, you’ll unlock new possibilities and pave the way for a prosperous future. Remember, you are worthy of financial success, and with the right mindset, anything is possible.

Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!

Or…

Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Reset Your Money Mindset | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.

**The Importance of Getting Clear On The Lifestyle You Desire To Create** Feb 25, 2019

Let’s talk about something that’s crucial to your financial success and happiness: getting clear on the lifestyle you desire to create. It’s not just about setting financial goals – it’s about aligning those goals with the life you want to live. When you have a clear vision of your ideal lifestyle, you can make smarter financial decisions that bring you closer to that vision. Let’s dive into why this clarity is so important and how you can start creating the life of your dreams.

**Why Clarity Matters**

**Aligning Your Financial Goals:** When you have a clear picture of the lifestyle you want, you can set financial goals that support that vision. Whether it’s owning a home, traveling the world, starting a business, or retiring early, your goals should reflect what matters most to you.

**Motivation and Focus:** Clarity gives you a sense of purpose and direction. It keeps you motivated to stick to your financial plan and make sacrifices when needed. When you know why you’re saving and investing, it’s easier to stay focused on your long-term goals.

**Making Informed Decisions:** Clarity allows you to make informed decisions about your spending, saving, and investing. You can prioritize what’s important to you and cut out what doesn’t align with your vision.

**Reducing Stress:** Financial uncertainty can cause stress. When you have a clear vision and plan, you can reduce anxiety about money and feel more confident about your future.

**How to Get Clear On Your Desired Lifestyle**

**Visualize Your Ideal Life:** Take some time to daydream about your ideal life. What does it look like? Where do you live? What do you do for work and for fun? Visualize every detail to get a clear picture of what you truly want.

**Identify Your Values:** Think about your core values and what’s most important to you. Do you value freedom, security, adventure, family, or something else? Your values will guide your financial decisions.

**Set Specific Goals:** Once you have a vision, break it down into specific, achievable goals. For example, if your dream is to travel the world, set a goal to save a certain amount of money each month for travel expenses.

**Create a Financial Plan:** Develop a financial plan that supports your goals. This includes budgeting, saving, investing, and managing debt. Make sure your plan is realistic and flexible to accommodate life’s changes.

**Review and Adjust Regularly:** Life is dynamic, and so are your goals. Regularly review your progress and adjust your plan as needed. Celebrate your successes and learn from your setbacks.

**Example of Aligning Financial Goals with Your Lifestyle**

Let’s say your dream is to start your own business. Your financial goals might include:

**Saving a Startup Fund:** Setting aside money for startup costs, such as rent, inventory, and marketing.

**Reducing Personal Expenses:** Cutting back on non-essential spending to free up funds for your business.

**Investing in Education:** Taking courses or workshops to develop the skills needed for your business.

**Building an Emergency Fund:** Having a financial cushion in case your business experiences unexpected expenses or fluctuations.

By aligning your financial goals with your dream of starting a business, you create a roadmap that leads you toward your desired lifestyle.

**In Conclusion**

Getting clear on the lifestyle you desire to create is the first step toward achieving your financial dreams. When you know what you want and why you want it, you can make intentional decisions that move you closer to your goals. So, take the time to visualize your ideal life, set specific goals, and create a financial plan that supports your vision. Your future self will thank you for it!

**Would you like assistance with creating a personal finance plan?** CLICK HERE to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The Importance of Getting Clear On The Lifestyle You Desire To Create appeared first on Your Pretty Pennies.

**How to Successfully Manage Your Personal Finances While Investing In Your Business** Feb 08, 2019

Balancing your personal finances while investing in your business is like walking a tightrope in stilettos – it requires skill, focus, and a bit of finesse. But don’t worry, because I’ve got the inside scoop on how you can slay this financial balancing act without breaking a sweat. Here’s how you can manage your personal finances while ensuring your business gets the love and funds it needs to thrive.

**1. Keep Personal and Business Finances Separate**

First things first, – separate your personal and business finances. This is non-negotiable. Open a dedicated business bank account and get a business credit card. Mixing your personal and business expenses can lead to a financial hot mess, and nobody has time for that. Keeping them separate will make it easier to track your business expenses, manage cash flow, and simplify your tax filings. Plus, it helps you see exactly how your business is performing without any confusion.

**2. Pay Yourself First**

Yes, you heard that right. Pay yourself first. Even if you’re just starting out and your business isn’t making a huge profit yet, it’s crucial to allocate a portion of your business income to pay yourself. This ensures that you’re not neglecting your personal financial needs. You’re the boss, and bosses need to get paid. This doesn’t mean splurging on luxuries, but ensuring your basic needs and financial goals are met.

**3. Create a Personal Zero-Based Budget**

Budgeting isn’t just for personal finances – it’s a lifesaver for business owners too. Craft a personal budget that covers your essential expenses like rent, utilities, groceries, and a little bit of fun money because you deserve it. By sticking to a budget, you’ll have a clear picture of your financial landscape and be less likely to dip into your business funds for personal needs.

**4. Set Clear Financial Goals for Both Personal and Business Finances**

Goal-setting is your best friend. Define your financial goals for both your personal life and your business. Whether it’s saving for a vacation, paying off debt, or investing in new business equipment, having clear goals will keep you focused and motivated. Break these goals down into manageable steps and celebrate your progress along the way. This way, you’ll stay on track and avoid the temptation to divert funds from one area to cover another.

**5. Build an Emergency Fund**

Girl, life happens. And when it does, you’ll want to be prepared. Create an emergency fund for both your personal life and your business. For personal finances, aim for 3-6 months’ worth of living expenses. For your business, set aside enough to cover operational costs for at least three months. This safety net will give you peace of mind and prevent financial stress from derailing your business plans.

**6. Reinvest in Your Business Wisely**

Reinvesting profits back into your business is essential for growth, but do it wisely. Prioritize investments that will yield the highest return or significantly enhance your business operations. Whether it’s upgrading equipment, marketing, or hiring new talent, make sure each investment aligns with your long-term business goals. Don’t be afraid to seek advice from a financial advisor to make informed decisions.

**7. Monitor Your Finances Regularly**

Stay on top of your finances like you stay on top of your fashion game. Regularly review your personal and business finances to ensure you’re on track. Use accounting software or hire a professional if numbers aren’t your thing. Keeping a close eye on your financial health will help you spot any issues early and make necessary adjustments before they become major problems.

**8. Don’t Neglect Self-Care**

Lastly, remember to take care of yourself. Running a business is demanding, and it’s easy to get caught up in the hustle. Make time for self-care and relaxation. A well-rested and happy queen is a more effective and creative business owner.

Balancing personal finances and business investments might seem challenging, but with these tips, you’ll be able to handle it like the boss you are. Stay fabulous, stay focused, and keep shining!

**Would you like assistance with creating a personal finance plan?** CLICK HERE to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How to Successfully Manage Your Personal Finances While Investing In Your Business appeared first on Your Pretty Pennies.

**Here’s How To Manage Your Black Friday and Cyber Monday Sales Revenue** Nov 27, 2018

Hey Girl Hey… Are you ready to tackle the post-Black Friday and Cyber Monday hustle? You’ve put in the work, and now it’s time to manage those sales revenues like the boss you are. Whether you’re a small business owner or an entrepreneur, handling this influx of cash strategically is crucial for your financial health and business growth. Let’s dive into some savvy tips on how to manage your Black Friday and Cyber Monday sales revenue effectively.

**1. Celebrate Your Wins**

First things first, celebrate your success! You’ve worked hard to prepare for Black Friday and Cyber Monday, and now it’s time to acknowledge and celebrate your achievements. Treat yourself, your team, or even your loyal customers to something special. Celebrating your wins boosts morale and keeps the positive energy flowing.

**2. Review Your Financial Goals**

Now that the excitement has settled, it’s time to get down to business. Review your financial goals and assess how your Black Friday and Cyber Monday sales have impacted them. Did you meet or exceed your revenue targets? Are there areas where you fell short? Understanding the impact of these sales on your overall financial health will guide your next steps.

**3. Analyze Your Sales Data**

Take a deep dive into your sales data. Look at what sold well and what didn’t. Identify your bestselling products or services and understand the trends behind customer purchases. This analysis will help you make informed decisions for future sales events and marketing strategies.

**4. Replenish Inventory**

If you ran out of popular items during the sales weekend, it’s time to replenish your inventory. Don’t miss out on potential sales by leaving your shelves empty. Order more of the products that flew off the shelves and prepare for the next wave of customers.

**5. Evaluate Your Marketing Strategies**

Assess the effectiveness of your marketing campaigns. What strategies drove the most traffic and sales? Were your social media ads successful? Did your email campaigns convert leads into customers? Understanding what worked and what didn’t will help you optimize your marketing efforts moving forward.

**6. Set Aside Funds for Taxes**

Don’t forget about taxes, sis! Set aside a portion of your sales revenue to cover your tax obligations. If you’re unsure about how much to save, consult with a tax professional to avoid any surprises when tax season rolls around.

**7. Invest in Your Business**

Consider reinvesting a portion of your sales revenue back into your business. This could mean upgrading your equipment, expanding your product line, or investing in marketing tools to continue driving growth. Strategic investments can help your business thrive in the long run.

**8. Pay Yourself**

As a business owner, you deserve to pay yourself. Set aside a portion of your sales revenue as a paycheck for yourself. This ensures that you’re rewarded for your hard work and helps you maintain a healthy work-life balance.

**9. Build an Emergency Fund**

It’s always a good idea to build an emergency fund for your business. Set aside a portion of your sales revenue into a separate account to cover unexpected expenses or fluctuations in cash flow. Having a financial safety net will give you peace of mind and keep your business running smoothly.

**10. Plan for Future Sales Events**

Lastly, start planning for future sales events. Black Friday and Cyber Monday may be over, but there are plenty of other opportunities throughout the year to boost sales. Use the insights from this sales weekend to plan strategically for the next big event.

**Stay Focused and Keep Growing**

Managing your Black Friday and Cyber Monday sales revenue is a critical part of your business journey. By celebrating your wins, analyzing your data, and making smart financial decisions, you’re setting yourself up for continued success.

**Would you like assistance with creating a business and/or personal finance plan?** CLICK HERE to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** CLICK HERE to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s How To Manage Your Black Friday and Cyber Monday Sales Revenue appeared first on Your Pretty Pennies.

**Consistently Increase Your Business Sales and Decrease Expenses** Oct 26, 2018

Running a successful business is all about finding that sweet spot between maximizing sales and minimizing expenses. It’s a balancing act that requires finesse, strategy, and a bit of savvy. Let’s dive into some tried-and-true strategies to boost your sales while keeping your expenses in check. Get ready to level up your business game!

**1. Supercharge Your Sales Strategy**

First things first – let’s talk sales. Increasing your revenue is key to growing your business, and there are plenty of ways to do it without breaking the bank.

– ***Know Your Customer:*** Get to know your customers like the back of your hand. Conduct surveys, engage on social media, and analyze purchasing patterns. The better you understand their needs and preferences, the better you can tailor your offerings.
– ***Upsell and Cross-Sell:*** Maximize each customer interaction by offering related products or premium versions of what they’re already buying. Think of it like suggesting the perfect accessories to go with that fabulous dress – it enhances the customer’s experience and boosts your sales.
– ***Leverage Social Media:*** Use social media to your advantage. Share engaging content, run promotions, and interact with your audience. Social media is a cost-effective way to reach a larger audience and build a community around your brand.
– ***Enhance Your Online Presence:*** Make sure your website is user-friendly, mobile-optimized, and easy to navigate. Offer seamless online shopping experiences with clear calls to action. An attractive, functional website can convert visitors into paying customers.
– ***Customer Loyalty Programs:*** Reward your loyal customers with exclusive discounts, early access to new products, or a points-based system. A little appreciation goes a long way in keeping customers coming back.

**2. Streamline Your Operations**

Now, let’s talk expenses. Cutting costs doesn’t mean compromising on quality – it means being smart and strategic about where your money goes.

– ***Automate Where Possible:*** Use technology to automate repetitive tasks. From email marketing to inventory management, automation saves time and reduces errors. Tools like CRM systems can streamline your processes and improve efficiency.
– ***Negotiate with Suppliers:*** Don’t be afraid to negotiate better deals with your suppliers. Whether it’s a discount for bulk purchases or extended payment terms, every bit of savings helps. Building strong relationships with your suppliers can also lead to better deals.
– ***Review Expenses Regularly:*** Keep a close eye on your expenses. Regularly review your financial statements to identify areas where you can cut costs. Look for unnecessary expenses that can be eliminated or reduced.
– ***Outsource Non-Core Activities:*** Focus on what you do best and consider outsourcing tasks that aren’t core to your business. Hiring freelancers or agencies for tasks like accounting, marketing, or IT support can be more cost-effective than maintaining in-house staff.
– ***Go Green:*** Implementing eco-friendly practices can save you money in the long run. Simple changes like using energy-efficient lighting, going paperless, or reducing waste can lower your utility bills and operating costs.

**3. Enhance Employee Efficiency**

Your team is your greatest asset. Keeping them motivated and efficient can have a significant impact on your bottom line.

– ***Invest in Training:*** Provide ongoing training to help your employees develop new skills and stay updated on industry trends. A well-trained team is more productive and better equipped to handle challenges.
– ***Encourage Collaboration:*** Foster a collaborative work environment where ideas can be freely shared. Regular team meetings and brainstorming sessions can lead to innovative solutions and improved processes.
– ***Use Performance Metrics:*** Track key performance indicators (KPIs) to measure employee productivity. This data can help you identify areas where efficiency can be improved and recognize top performers.

**4. Focus on Customer Experience**

Happy customers are repeat customers. Delivering exceptional customer service can set you apart from the competition and drive sales.

– **Personalize Interactions:** Use customer data to personalize your interactions. Whether it’s a tailored email or a personalized product recommendation, showing that you understand your customers can build loyalty.
– **Handle Complaints Gracefully:** Address customer complaints promptly and professionally. Turn a negative experience into a positive one by showing that you value their feedback and are committed to resolving issues.
– **Solicit Feedback:** Actively seek customer feedback to understand their needs better. Use this feedback to improve your products, services, and overall customer experience.

Balancing sales growth with expense management is a dynamic process, but with the right strategies in place, you can achieve both. Remember, it’s all about working smarter, not harder. Keep shining, keep striving, and watch your business soar!

**Would you like assistance with creating a personal finance plan?** CLICK HERE **to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Consistently Increase Your Business Sales and Decrease Expenses appeared first on Your Pretty Pennies.

**The 5 Ways To Build Your Business Credit** Oct 17, 2018

Let’s talk about something that can elevate your business game to new heights – building your business credit. Just like personal credit, business credit is essential for securing financing, getting better terms with suppliers, and ensuring the overall financial health of your company. Whether you’re just starting or looking to expand, having a solid business credit profile can open doors to opportunities you didn’t even know existed.

Here are five fabulous ways to build your business credit like the boss you are:

**1. Establish Your Business as a Separate Entity**

The first step in building business credit is to make sure your business is recognized as a separate legal entity. This means:

**Forming an LLC or Corporation:** This separates your personal and business finances, protecting your personal assets and allowing your business to build its own credit profile.

**Get an EIN (Employer Identification Number):** Think of this as your business’s Social Security number. You’ll need it for tax purposes and when opening business accounts.

**Open a Business Bank Account:** Keep your business finances separate from your personal ones. This is crucial for maintaining clear financial records and building credit.

**2. Get Listed with Business Credit Bureaus**

To build business credit, you need to get noticed by the right people – in this case, business credit bureaus. Here’s how:

**Dun & Bradstreet (D&B):** Start by obtaining a D-U-N-S Number from D&B, one of the major business credit bureaus. This number is used to identify your business’s credit profile.

**Experian Business and Equifax Business:** Make sure your business is also listed with Experian and Equifax’s business credit divisions. These bureaus track your business’s financial behavior and report it to potential creditors.

**3. Build Relationships with Vendors and Suppliers**

Establishing trade lines with vendors and suppliers can significantly impact your business credit score. Here’s what to do:

**Set Up Trade Accounts:** Work with vendors and suppliers who report to business credit bureaus. This way, your on-time payments help build your credit profile.

**Negotiate Payment Terms:** Ask for net-30 or net-60 payment terms. Paying your invoices on time (or early) helps establish a positive credit history.

**Be Consistent:** Regularly working with the same vendors and maintaining good payment habits strengthens your credit profile over time.

**4. Use Business Credit Cards Responsibly**

Business credit cards are powerful tools for building credit when used wisely. Here’s how to make them work for you:

**Apply for a Business Credit Card:** Start with a card that reports to business credit bureaus. Many major credit card companies offer cards specifically designed for businesses.

**Use It Strategically:** Make regular, small purchases and pay off your balance in full each month. This shows lenders that you can manage credit responsibly.

**Keep Balances Low:** Aim to keep your credit utilization ratio below 30%. High balances can negatively impact your credit score.

**5. Monitor and Maintain Your Business Credit**

Building business credit is an ongoing process. Regularly monitoring your credit profile ensures you stay on top of it. Here’s what you need to do:

**Check Your Credit Reports:** Regularly review your business credit reports from D&B, Experian, and Equifax. Look for any inaccuracies and dispute them if necessary.

**Maintain Good Financial Practices:** Pay all your bills on time, keep your debt levels manageable, and avoid maxing out your credit lines.

**Stay Informed:** Stay updated on your business credit score and any changes to your credit profile. Many credit bureaus offer monitoring services to help you keep track.

**Wrapping Up**

Building your business credit is a journey, not a sprint. It takes time, patience, and strategic financial management. But once you’ve established a solid business credit profile, the benefits are undeniable – from easier access to financing to better terms with suppliers, and an overall stronger financial foundation for your business.

So, keep pushing, stay focused, and remember – you’re building not just a business, but a legacy. Let’s get that business credit shining as brightly as you do!

**Would you like assistance with creating a personal finance plan?** CLICK HERE **to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The 5 Ways To Build Your Business Credit appeared first on Your Pretty Pennies.

**3 Reasons Why You Need A Budget For Business** Oct 17, 2018

Running a business is no small feat, and just like running your personal life, it requires a well-thought-out plan. One of the most powerful tools in your business toolkit is a budget. Yes, I know, “budget” might sound like a restrictive word, but think of it as your business’s financial blueprint – a plan that empowers you to make smart decisions and reach your goals. Today, let’s break down three compelling reasons why you absolutely need a budget for your business.

**1. Clarity and Control Over Your Finances**

Imagine trying to navigate a city without a map. That’s what running a business without a budget feels like. A budget gives you a clear picture of your financial health and helps you take control of your money. Here’s why that’s crucial:

– ***Track Income and Expenses:*** A budget lets you see exactly where your money is coming from and where it’s going. This tracking helps you identify trends, such as seasonal fluctuations in revenue or unexpected expenses.
– ***Make Informed Decisions:*** When you have a budget, you can make decisions based on data rather than guesswork. Whether it’s deciding to hire a new employee, invest in marketing, or purchase new equipment, a budget gives you the insights needed to make those choices confidently.
– ***Avoid Financial Pitfalls:*** Without a budget, it’s easy to overspend or miss out on opportunities for savings. A budget helps you allocate resources efficiently, ensuring you don’t run into cash flow problems or unplanned debt.

**2. Strategic Planning and Goal Setting**

Your business budget is more than just numbers on a page – it’s a strategic tool that helps you set and achieve your goals. Here’s how:

– ***Set Realistic Goals:*** A budget allows you to set financial targets for your business. Whether it’s increasing revenue, reducing costs, or expanding your operations, having a budget helps you outline clear, achievable objectives.
– ***Plan for Growth:*** Want to take your business to the next level? A budget can help you plan for growth by identifying the funds needed for expansion, new projects, or scaling operations. It’s like having a roadmap to your business dreams.
– ***Measure Progress:*** With a budget, you can track your progress towards your goals. Regularly comparing your actual performance to your budget helps you see where you’re excelling and where you might need to adjust your strategy.

**3. Enhance Financial Stability and Security**

Financial stability is the backbone of any successful business. A budget helps you build a stable foundation and prepares you for the unexpected:

– ***Emergency Preparedness:*** Life happens, and business is no different. Whether it’s an economic downturn, unexpected repairs, or a sudden drop in sales, having a budget with an emergency fund helps you weather the storm without panic.
– ***Debt Management:*** A budget helps you manage and plan your debt repayments effectively. By allocating specific amounts to debt reduction each month, you can avoid the trap of growing interest and keep your business on solid financial ground.
– ***Build Investor Confidence:*** If you’re seeking funding from investors or lenders, a well-prepared budget shows that you have a clear understanding of your business finances and a plan for future growth. It builds credibility and trust, making it easier to secure the funds you need.

**Final Thoughts**

Creating and sticking to a budget might seem like a daunting task, but it’s a game-changer for your business. It provides clarity, supports strategic planning, and enhances financial stability. So, put on your CEO hat, grab that financial blueprint, and start budgeting your way to business success!

**Would you like assistance with creating a business and/or personal finance plan?** CLICK HERE **to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 3 Reasons Why You Need A Budget For Business appeared first on Your Pretty Pennies.

**3 Reasons To Separate Your Business & Personal Finances** Oct 15, 2018

As you hustle to build your empire, there’s one crucial piece of advice that can’t be overstated: keep your business and personal finances separate. Yes, girl, it’s that important! Blurring the lines between your personal and business funds can lead to a financial mess that even the most seasoned entrepreneur would struggle to untangle. Let’s dive into three powerful reasons why you should maintain this financial boundary.

**1. Simplified Accounting and Tax Filing**

Running a business comes with its fair share of paperwork, and the last thing you want is to mix personal and business expenses. By keeping your finances separate, you make accounting and tax filing much simpler and more efficient.

***Clear Record-Keeping:*** Separate accounts provide a clear and organized record of all business transactions. This makes it easier to track income, expenses, and profits. No more sifting through personal expenses to find business-related ones.

***Accurate Tax Reporting:*** When tax season rolls around, you’ll be thankful for separate accounts. Accurate records ensure you claim all the deductions you’re entitled to and help avoid potential issues with the IRS. Plus, it makes the job easier for your accountant, which can save you money on accounting fees.

***Audit Readiness:*** In the unfortunate event of an audit, having clear financial separation can protect you. Auditors will have a straightforward view of your business activities, reducing the risk of penalties and fines for misreported expenses.

**2. Professionalism and Credibility**

Your business is your brand, and maintaining a professional image is crucial for building credibility with clients, customers, and partners. Separate finances play a big role in projecting professionalism.

***Banking Relationships:*** Establishing a business bank account demonstrates that you’re serious about your enterprise. It can also help you build a relationship with your bank, which might come in handy when you need a business loan or line of credit.

***Client Confidence:*** Clients and customers will feel more confident dealing with a business that operates professionally. Invoicing from a business account, rather than a personal one, reinforces your brand’s legitimacy.

***Vendor Trust:*** Vendors and suppliers prefer to deal with businesses that manage their finances professionally. It can lead to better terms, easier negotiations, and stronger business relationships.

**3. Personal Liability Protection**

Perhaps the most compelling reason to separate your business and personal finances is liability protection. This is particularly important if your business is structured as an LLC (Limited Liability Company) or a corporation.

***Legal Protection:*** One of the main benefits of forming an LLC or corporation is protecting your personal assets from business liabilities. If your finances are intertwined, you risk “piercing the corporate veil,” meaning creditors could come after your personal assets in a lawsuit.

**Credit Protection:** Keeping finances separate helps protect your personal credit score from business-related financial issues. If your business encounters financial difficulties, your personal credit won’t necessarily take a hit.

***Asset Management:*** Clear separation ensures that your personal savings, home, and other assets are protected from business risks. This peace of mind allows you to focus on growing your business without worrying about losing personal wealth.

**How to Keep Finances Separate**

**Open a Business Bank Account:** Start by opening a dedicated business bank account and use it exclusively for business income and expenses.

**Use a Business Credit Card:** Apply for a business credit card to handle business-related purchases and build your business credit score.

***Pay Yourself a Salary:*** Establish a regular salary or draw from your business, treating yourself as an employee to maintain financial boundaries.

***Hire a Professional:*** Consider hiring a bookkeeper or accountant to manage your business finances and ensure everything stays separate and organized.

By keeping your business and personal finances separate, you set yourself up for success. It simplifies your financial management, enhances your professional image, and most importantly, protects your personal assets. So, take charge, get organized, and keep building that empire with confidence!

**Would you like assistance with creating a business and/or personal finance plan?** CLICK HERE **to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 3 Reasons To Separate Your Business & Personal Finances appeared first on Your Pretty Pennies.

**The Importance of Saving For Retirement | #SummertimeFineFinances** Aug 13, 2018

Let’s talk about something that’s incredibly important but often gets pushed to the back burner – saving for retirement. I know, I know, retirement might seem like a distant dream when you’re busy living your best life now. But trust me, future you will be eternally grateful if you start preparing today. So, let’s dive into why saving for retirement is crucial and how you can get started on this essential journey.

**Why Saving for Retirement is Non-Negotiable**

***You Deserve a Comfortable Future:*** You work hard, and you deserve to enjoy your golden years without financial stress. Saving for retirement ensures you can maintain your lifestyle, travel, indulge in hobbies, and simply relax when you’re no longer working.

***Rising Cost of Living:*** Prices aren’t going down, sis. From healthcare to housing, the cost of living is constantly rising. By saving now, you’re securing a financial cushion that will help you cope with inflation and unexpected expenses in the future.

***Social Security Isn’t Enough:*** Relying solely on Social Security is risky. It’s meant to supplement your income, not replace it entirely. Having your own retirement savings gives you the financial freedom to live comfortably.

***Longer Life Expectancy:*** We’re living longer, healthier lives, and that’s fantastic! But it also means you’ll need more money to cover those extra years. Starting your retirement savings early helps ensure you won’t outlive your money.

***Financial Independence:*** Saving for retirement means you won’t have to rely on family or friends for support. It’s about preserving your independence and dignity as you age.

**How to Start Saving for Retirement**

Now that we’ve covered why it’s important, let’s talk about how to get started. Don’t worry – it’s easier than you think!

**Set Clear Goals:**

***Determine Your Retirement Age:*** When do you want to retire? Setting a target age helps you estimate how much you’ll need.

**Estimate Your Expenses:** Think about your lifestyle and what you’ll need to cover living expenses, healthcare, travel, and leisure activities.

2. **Take Advantage of Employer-Sponsored Plans:**

***401(k) Plans:*** If your employer offers a 401(k) plan, take advantage of it. Contribute enough to get the full employer match – that’s free money on the table!

***Automatic Contributions:*** Set up automatic contributions to your retirement account. This ensures you’re consistently saving without having to think about it.

3. **Open an Individual Retirement Account (IRA):**

***Traditional IRA vs. Roth IRA:*** Choose the type that best suits your needs. Traditional IRAs offer tax-deferred growth, while Roth IRAs offer tax-free growth.

*Contribute Regularly*: Even small, regular contributions can grow significantly over time thanks to compound interest.

4. **Invest Wisely:**

***Diversify Your Investments:*** Don’t put all your eggs in one basket. Spread your investments across stocks, bonds, and other assets to reduce risk.

***Stay Informed:*** Keep learning about different investment options and strategies. Knowledge is power, and it helps you make informed decisions.

5. **Review and Adjust:**

***Regular Check-Ins:*** Review your retirement savings and investments at least once a year. Make adjustments as needed based on your financial situation and goals.

***Increase Contributions:*** Whenever you get a raise or a bonus, consider increasing your retirement contributions. Your future self will thank you!

**Wrapping It Up**

Saving for retirement might not be the most glamorous topic, but it’s one of the most important things you can do for yourself. It’s about honoring your hard work and ensuring you have the financial freedom to enjoy your later years. So, start today, stay consistent, and watch your nest egg grow.

**Would you like assistance with creating a financial plan that allows you to slay your financial goals and create your desired lifestyle?** CLICK HERE **to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The Importance of Saving For Retirement | #SummertimeFineFinances appeared first on Your Pretty Pennies.

**Your 3 Tier Savings Strategy | #SummertimeFineFinances** Aug 13, 2018

Let’s talk about something that’s absolutely essential for financial success – saving. But not just any kind of saving. We’re talking about a strategic, structured, and totally achievable way to build your wealth and secure your future. It’s time to introduce you to the 3-Tier Savings Strategy. This method breaks down your savings into three distinct categories, making it easier to manage and grow your money. Let’s dive in!

**Tier 1: Emergency Fund – Your Financial Safety Net**

First up, the emergency fund. Think of this as your financial safety net, designed to catch you when life throws unexpected surprises your way.

**What It Is:** An emergency fund is a stash of cash set aside for unforeseen expenses – medical emergencies, car repairs, job loss, you name it. This fund is all about peace of mind.

**How Much to Save:** Aim for 3-6 months’ worth of living expenses. If your monthly expenses are $3,000, then you’ll want to save between $9,000 and $18,000. If your job is more unstable or you have dependents, lean towards the higher end.

**Where to Keep It:** This fund should be easily accessible. A high-yield savings account is ideal because it earns some interest but is still liquid enough for immediate access.

**Building It Up:** Start small and be consistent. Automate transfers from your checking account to your emergency fund every payday. Even $50 a month can add up over time.

**Tier 2: Short-Term Savings – Planning for Near Future Goals**

Next, we have the short-term savings tier. This is for those goals you’re aiming to achieve within the next few years.

**What It Is:** Short-term savings cover expenses like vacations, a new car, home improvements, or even setting up a buffer for irregular expenses like holiday shopping or annual insurance premiums.

**How Much to Save:** This depends on your goals. Estimate the cost of each goal and set a timeline. For example, if you’re planning a $5,000 vacation in two years, you’ll need to save around $210 per month.

**Where to Keep It:** A high-yield savings account or a money market account is a good choice. You want the money to be safe and accessible but still earning a bit more interest than a standard savings account.

**Stay Focused:** Prioritize your goals. Write them down and keep track of your progress. Seeing your savings grow can be incredibly motivating.

**Tier 3: Long-Term Savings – Investing in Your Future**

Finally, let’s talk long-term savings. This tier is all about securing your future and achieving those big, life-changing goals.

**What It Is:** Long-term savings are for major life events and milestones like buying a home, your children’s education, and most importantly, retirement.

**How Much to Save:** This varies based on your goals, but a good rule of thumb is to save at least 15% of your income for retirement. Use retirement calculators to estimate how much you’ll need based on your desired lifestyle and retirement age.

**Where to Keep It:** Long-term savings should be invested. Look into retirement accounts like a 401(k), IRA, or Roth IRA. For other long-term goals, consider diversified investment portfolios that include stocks, bonds, and mutual funds.

**Start Early:** The earlier you start saving and investing, the more time your money has to grow through the magic of compound interest. Consistency is key, so automate your contributions if possible.

**Putting It All Together**

By organizing your savings into these three tiers, you’re creating a solid financial foundation that covers you from all angles. Here’s a quick recap:

**Emergency Fund:** 3-6 months’ worth of living expenses in a high-yield savings account.

**Short-Term Savings:** Funds for goals within the next few years in a high-yield savings or money market account.

**Long-Term Savings:** Investments for major life goals, particularly retirement, in diversified accounts.

Remember, financial success is a marathon, not a sprint. Be patient, stay consistent, and celebrate your progress along the way. With the 3-Tier Savings Strategy, you’re not just saving money – you’re empowering yourself for a secure and prosperous future.

**Would you like assistance with creating a financial plan that allows you to slay your financial goals and create your desired lifestyle?** **CLICK HERE to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Your 3 Tier Savings Strategy | #SummertimeFineFinances appeared first on Your Pretty Pennies.

**The 5 Things You Should Do With A Dollar | #SummertimeFineFinances** Aug 11, 2018

Ever wondered what you can do with just one dollar? While it might not seem like much, every dollar has the potential to be a building block for your financial empire. It’s all about making smart decisions with every cent you earn. Today, we’re breaking down five powerful things you can do with a single dollar to get you on the path to financial greatness. Let’s turn those dollars into dreams, shall we?

**1. Save It: Build Your Emergency Fund**

First things first – let’s talk savings. Having an emergency fund is crucial for financial stability. Think of it as your financial cushion for life’s unexpected hiccups. Even one dollar can make a difference.

**Start Small:** Begin by putting aside a dollar each day. Over time, these small amounts will add up. Before you know it, you’ll have a solid emergency fund to cover those surprise expenses.

*Automate Your Savings*: Set up an automatic transfer of a dollar (or more) to your savings account daily or weekly. This makes saving effortless and consistent.

**2. Invest It: Grow Your Wealth**

Investing might sound intimidating, but you don’t need a lot of money to get started. Even one dollar can be the seed that grows into a money tree.

**Micro-Investing Apps:** Use apps like Acorns or Stash that allow you to start investing with just a few dollars. These apps round up your purchases and invest the spare change.

**Fractional Shares:** Some platforms let you buy fractional shares of stocks, meaning you can own a piece of a high-value stock with just one dollar.

**3. Pay Off Debt: Reduce Financial Burden**

Debt can be a heavy load to carry, but every little bit helps when it comes to paying it down. Using a dollar towards your debt might seem insignificant, but it’s a step in the right direction.

***Snowball Method:*** Apply that dollar to your smallest debt. This method helps you pay off debts faster by tackling the smallest balances first, giving you quick wins and motivation to keep going.

***Reduce Interest:*** Every dollar you put towards your debt reduces the principal amount, which can lower the interest you pay over time.

**4. Donate It: Make a Difference**

Giving back is a beautiful way to use your money. Even a small donation can make a big impact on someone’s life.

***Support Local Causes:*** Donate a dollar to a local charity or cause you believe in. Every contribution helps, no matter the amount.

***Crowdfunding:*** Platforms like GoFundMe allow you to support individuals and communities in need. Your dollar could help fund a life-saving surgery, educational opportunities, or disaster relief.

**5. Educate Yourself: Invest in Knowledge**

Knowledge is power, and investing in yourself is one of the best ways to use your money. Spend a dollar to enhance your skills and knowledge.

***Buy a Book or eBook:*** Many eBooks and educational resources are available for just a dollar. Invest in books on personal finance, investing, or any subject that interests you.

**Online Courses:** Some educational platforms offer courses for a dollar or even for free. Enroll in a class that can help you advance your career or learn something new.

**Maximize Your Dollar**

Now that you know the potential of a single dollar, it’s time to put it to good use. Each dollar you save, invest, use to pay off debt, donate, or spend on education is a step towards financial empowerment. Remember, it’s not about how much money you have but how you use it. Make every dollar work for you and watch how your financial situation transforms.

**Wrap-Up**

Every dollar has value and purpose. By saving, investing, reducing debt, donating, or educating yourself, you’re making powerful financial decisions. These small actions accumulate over time, leading to significant changes in your financial health and future.

**Would you like assistance with creating a financial plan that allows you to slay your financial goals and create your desired lifestyle?** CLICK HERE **to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The 5 Things You Should Do With A Dollar | #SummertimeFineFinances appeared first on Your Pretty Pennies.

**The Power of Consistent Monthly Budgeting | #SummertimeFineFinances** Aug 08, 2018

Let’s talk about something that can transform your financial life: consistent monthly budgeting. Yes, budgeting might not sound as exciting as planning your next vacation or splurging on those fabulous shoes, but trust me, it’s the foundation of financial freedom. Let’s dive into why consistent monthly budgeting is your secret weapon for achieving financial success and how you can make it work for you.

**1. Take Control of Your Money**

First things first, darling – budgeting gives you control. When you create a budget, you’re telling your money where to go instead of wondering where it went. This sense of control is empowering and can alleviate financial stress. Start by tracking your income and expenses. Knowing exactly how much money is coming in and going out each month is the first step to mastering your finances.

**2. Achieve Your Financial Goals**

Got big dreams? Whether it’s buying a home, traveling the world, or building a nest egg for retirement, a budget is your roadmap to achieving those goals. Break down your goals into manageable monthly targets. For instance, if you want to save $12,000 in a year, aim to set aside $1,000 each month. Consistency is key. By sticking to your monthly budget, you’ll steadily inch closer to your dreams.

**3. Build an Emergency Fund**

Life is unpredictable, and having an emergency fund is essential. Your budget can help you build and maintain this safety net. Aim to save 3-6 months’ worth of living expenses. Each month, allocate a portion of your income to your emergency fund until you reach your goal. This fund will give you peace of mind, knowing you’re prepared for any unexpected expenses that come your way.

**4. Reduce Debt and Avoid New Debt**

Debt can be a major stressor, but a solid budget can help you tackle it head-on. List all your debts – credit cards, student loans, car loans – and allocate a portion of your monthly income to paying them off. Prioritize high-interest debts first to save money in the long run. Additionally, a budget helps you avoid new debt by ensuring you live within your means and save for future purchases instead of relying on credit.

**5. Increase Your Savings**

Saving money is easier when you have a plan. A budget helps you identify areas where you can cut back and redirect those funds to your savings. Whether it’s trimming your dining-out expenses, finding cheaper alternatives for monthly subscriptions, or being mindful of your shopping habits, small changes can add up. Consistently saving a portion of your income each month will grow your savings and provide a cushion for future expenses or investments.

**How to Create a Consistent Monthly Budget**

Ready to get started? Here’s how to create a budget that you can stick to:

**Track Your Income and Expenses:** Use a budgeting app, spreadsheet, or good old-fashioned pen and paper. List all sources of income and categorize your expenses (housing, utilities, groceries, entertainment, etc.).

**Set Financial Goals:** Define your short-term and long-term financial goals. These goals will motivate you to stick to your budget.

**Allocate Your Income:** Divide your income among your expenses, savings, and debt payments. Make sure your budget is realistic and allows for some flexibility.

**Review and Adjust Regularly:** Life changes, and so should your budget. Review your budget monthly and make adjustments as needed. Celebrate your successes and identify areas for improvement.

**Stay Consistent:** Consistency is the magic ingredient. Stick to your budget every month, even when it’s challenging. Over time, budgeting will become second nature, and you’ll see the positive impact on your finances.

**Conclusion**

Consistent monthly budgeting is the cornerstone of financial success. It gives you control, helps you achieve your goals, builds an emergency fund, reduces debt, and increases your savings. So, embrace the power of budgeting, queens! Put on your favorite playlist, grab your budgeting tools, and start planning your financial future today.

**Would you like assistance with creating a financial plan that allows you to slay your financial goals and create your desired lifestyle?** CLICK HERE **to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The Power of Consistent Monthly Budgeting | #SummertimeFineFinances appeared first on Your Pretty Pennies.

**How To Increase Your Money Flow | #SummertimeFineFinances** Aug 08, 2018

Are you ready to take control of your finances and boost your cash flow? Whether you’re looking to save more, pay off debt, or simply enjoy life a bit more comfortably, increasing your money flow is key. Here are some savvy, sassy, and professional tips to help you get that money flowing like a boss.

**1. Assess Your Financial Situation**

Before you can increase your money flow, you need to know where you stand. Take a good, hard look at your current financial situation. Track your income, expenses, and debts. This isn’t about judgment; it’s about clarity. Knowledge is power, queen, and understanding your finances is the first step toward improving them.

**2. Create a Budget That Works for You**

Budgeting doesn’t have to be boring or restrictive. Think of it as a financial roadmap that guides you to your goals. Create a budget that fits your lifestyle and priorities. Allocate funds for essentials like housing, utilities, and groceries, but also make room for savings and a bit of fun. A balanced budget ensures you’re not just surviving but thriving.

**3. Cut Unnecessary Expenses**

Identify areas where you can cut back without sacrificing your quality of life. Are you paying for subscriptions you don’t use? Dining out more than necessary? Small changes can add up to significant savings. Challenge yourself to a no-spend week or find creative ways to enjoy life without breaking the bank. Your wallet will thank you.

**4. Increase Your Income**

Let’s talk about the exciting part – making more money! Here are a few ideas to boost your income:

**Ask for a Raise:** If you’re crushing it at work, don’t be shy about asking for a raise. Know your worth and be prepared to negotiate confidently.

**Side Hustles:** Leverage your skills and passions into a side hustle. Whether it’s freelance writing, graphic design, tutoring, or selling handmade goods, there are endless opportunities to earn extra cash.

**Invest in Yourself:** Take courses or attend workshops to enhance your skills. Investing in your education and professional development can lead to higher-paying job opportunities.

**5. Automate Your Savings**

Out of sight, out of mind. Set up automatic transfers to your savings account each month. Treat your savings like any other bill that must be paid. This way, you’ll consistently build your savings without having to think about it. It’s a simple yet effective way to ensure you’re saving regularly.

**6. Invest Wisely**

Growing your money isn’t just about saving; it’s about investing. Educate yourself on different investment options like stocks, bonds, mutual funds, and real estate. Start small if you’re new to investing. The key is to diversify your investments to spread risk and maximize potential returns. Remember, investing is a long-term game – be patient and stay informed.

**7. Pay Off Debt Strategically**

Debt can be a major drain on your money flow. Create a plan to pay off high-interest debts first, like credit cards. Consider the avalanche or snowball method to tackle your debt effectively. Paying off debt not only frees up money but also reduces stress and improves your financial health.

**8. Build an Emergency Fund**

Life is unpredictable, and having an emergency fund can save you from financial setbacks. Aim to save 3-6 months’ worth of living expenses. This safety net provides peace of mind and keeps you from dipping into your savings or going into debt when unexpected expenses arise.

**9. Monitor and Adjust**

Your financial journey doesn’t end once you’ve implemented these strategies. Regularly review your budget, savings, and investment plans. Adjust as needed to stay on track with your goals. Financial management is an ongoing process, and staying proactive ensures continued success.

**10. Surround Yourself with Financial Positivity**

Join financial groups, follow inspiring financial bloggers, and read books on personal finance. Surrounding yourself with positive financial influences can keep you motivated and informed. Share your journey with friends who have similar goals – you can support each other along the way.

**Conclusion**

Increasing your money flow isn’t just about making more money; it’s about managing what you have wisely and making strategic decisions for the future. With these tips, you’ll be well on your way to financial empowerment. So, go ahead, take charge, and let your money flow!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Increase Your Money Flow | #SummertimeFineFinances appeared first on Your Pretty Pennies.

**How To Create Your Compelling Financial Goals | #SummertimeFineFinances** Aug 08, 2018

Let’s talk about something that can seriously level up your financial game: setting compelling financial goals. You’ve got dreams, ambitions, and the drive to make them happen. But without clear financial goals, those dreams can feel like distant stars. It’s time to bring them within reach. Here’s how you can create financial goals that are not just achievable, but truly compelling.

**1. Dream Big and Be Specific**

First things first, let’s get those big dreams out in the open. Do you want to buy a home? Travel the world? Start a business? Whatever it is, don’t hold back. Write down your dreams in vivid detail. The more specific you are, the easier it will be to map out a plan to achieve them.

**Get Detailed:** Instead of saying, “I want to buy a house,” say, “I want to buy a three-bedroom house in Atlanta within the next five years.”

**Visualize:** Create a vision board with images and words that represent your goals. Seeing your dreams regularly can keep you motivated and focused.

**2. Break It Down: Short-Term, Medium-Term, and Long-Term Goals**

Not all goals are created equal. Some can be achieved in a few months, while others may take years. Categorizing your goals into short-term, medium-term, and long-term can help you prioritize and plan more effectively.

**Short-Term Goals (0-1 year):** These are goals you want to achieve soon. Examples include building an emergency fund, paying off a small debt, or saving for a vacation.

**Medium-Term Goals (1-5 years):** These goals take a bit more time and planning. Examples include buying a car, saving for a wedding, or completing a significant certification course.

**Long-Term Goals (5+ years):** These are your big, ambitious dreams. Examples include buying a home, retirement savings, or starting a business.

**3. Make Your Goals S.M.A.R.T**.

S.M.A.R.T. goals are Specific, Measurable, Achievable, Relevant, and Time-bound. This framework ensures your goals are clear and reachable.

**Specific:** Clearly define what you want to achieve.

**Measurable:** Quantify your goal. How much money do you need? By when?

**Achievable:** Make sure your goal is realistic given your current financial situation.

**Relevant:** Ensure your goal aligns with your broader life plans and values.

**Time-bound:** Set a deadline for your goal.

For example, instead of saying, “I want to save money,” say, “I want to save $10,000 for a down payment on a house within the next two years.”

**4. Create an Action Plan**

Goals without action are just wishes. Break down your goals into actionable steps. What do you need to do each month, week, or day to move closer to your goal?

**Monthly Milestones:** Set monthly savings or payment targets. For example, “Save $500 every month for two years to reach my $10,000 goal.”

**Track Your Progress:** Use budgeting apps, spreadsheets, or journals to keep track of your progress. Celebrate small victories along the way.

**5. Stay Flexible and Adjust as Needed**

Life happens, and sometimes you need to adjust your goals. That’s perfectly okay. Stay flexible and be willing to tweak your goals and action plans as circumstances change.

**Review Regularly:** Set aside time each month to review your goals. Are you on track? Do you need to adjust your timelines or strategies?

**Stay Motivated:** Keep your vision board updated and revisit your “why” regularly. Remind yourself why these goals matter to you.

**6. Seek Support and Accountability**

Share your goals with trusted friends, family, or financial advisors. Having a support system can provide encouragement, advice, and accountability.

**Join a Community:** Consider joining financial groups or forums where you can share your journey and learn from others.

**Hire a Coach:** If you need more personalized guidance, hiring a financial coach can be a worthwhile investment.

Creating compelling financial goals is all about clarity, planning, and persistence. With the right mindset and strategies, you can turn your dreams into reality. So, grab that notebook, queen, and start crafting the financial future you deserve!

**Would you like assistance with creating a financial plan that allows you to slay your financial goals and create your desired lifestyle?** CLICK HERE **to apply for Financial Success Coaching with me!**

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset** **Online Academy.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Create Your Compelling Financial Goals | #SummertimeFineFinances appeared first on Your Pretty Pennies.

**Here’s The Best Way To Pay Off Your Debt That Is In Collection Status** Feb 27, 2018

Debt can be a heavy burden, especially when it’s in collection status. But fear not – you can tackle this challenge head-on and come out victorious. Here’s your ultimate guide to paying off debt that’s in collection status, step by step. Let’s reclaim your financial freedom with style and grace!

**1. Understand Your Debt**

First things first, let’s get clear on what you owe. Knowledge is power, and knowing the details of your debt is crucial.

**Verify the Debt:** Confirm that the debt is legitimate. Collectors are required to provide you with details about the debt – the original creditor, the amount owed, and any additional fees. If anything seems off, don’t hesitate to dispute it.

**Get It in Writing:** Always request a written validation notice from the debt collector. This document will outline the amount owed and your rights as a consumer. Having everything in writing is essential for your records and for any disputes that may arise.

**2. Know Your Rights**

As a consumer, you have rights under the Fair Debt Collection Practices Act (FDCPA). Familiarize yourself with these protections to ensure debt collectors treat you fairly.

**No Harassment:** Debt collectors cannot harass, threaten, or use abusive language. Stand your ground and report any violations to the Consumer Financial Protection Bureau (CFPB).

**Set Boundaries:** You have the right to request that debt collectors only contact you at specific times or places. If you need to, put it in writing to establish clear boundaries.

**3. Create a Repayment Plan**

Now, let’s get to the heart of the matter – paying off that debt. Crafting a repayment plan that suits your budget is key.

**Assess Your Finances:** Take a close look at your income, expenses, and savings. Identify how much you can realistically allocate towards paying off your debt each month without straining your finances.

**Negotiate with Collectors:** Don’t be afraid to negotiate with debt collectors. They may be willing to accept a lower lump-sum payment or set up a payment plan. Aim to settle for less than the full amount owed if possible. Everything is negotiable – be assertive and polite.

**Get the Agreement in Writing:** If you reach a settlement or payment plan agreement, ensure you get it in writing. This protects you from any future disputes and clarifies the terms of the arrangement.

**4. Make Timely Payments**

Consistency is crucial in paying off debt. Stick to your repayment plan and make timely payments to avoid further complications.

**Automate Payments:** Set up automatic payments if possible. This ensures you never miss a payment and helps you stay on track.

**Track Your Progress:** Keep a record of all payments made. This will help you monitor your progress and provide proof of payment if needed.

**5. Prioritize Debt Repayment Strategies**

Consider different strategies to pay off your debt efficiently:

**Snowball Method:** Focus on paying off your smallest debt first while making minimum payments on the larger ones. Once the smallest debt is paid off, move on to the next smallest. This method can provide quick wins and motivation.

**Avalanche Method:** Tackle the debt with the highest interest rate first while making minimum payments on the others. This approach saves you more money in the long run by reducing interest costs.

**6. Stay Vigilant and Persistent**

Paying off debt is a journey, and it requires persistence. Stay vigilant about your financial habits and keep pushing forward.

**Avoid New Debt:** Resist the temptation to take on new debt while you’re working on paying off existing ones. Focus on building good financial habits and living within your means.

**Seek Professional Help:** If you’re feeling overwhelmed, consider consulting a financial advisor or credit counselor. They can provide personalized guidance and help you navigate your debt repayment journey.

**7. Celebrate Your Success**

As you make progress, don’t forget to celebrate your successes along the way. Each step forward is a victory and brings you closer to financial freedom.

Paying off debt in collection status can feel daunting, but with a clear plan and determined mindset, you can conquer it. Remember, you’re not just paying off debt – you’re reclaiming your financial power and building a brighter future.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s The Best Way To Pay Off Your Debt That Is In Collection Status appeared first on Your Pretty Pennies.

**Pay Off Your Mortgage In Half The Time With These 5 Steps** Feb 26, 2018

Owning a home is a significant achievement, but let’s be real – that mortgage can feel like a never-ending mountain to climb. The good news? You can slash that timeline in half and achieve mortgage freedom much sooner. Ready to take control and save some serious cash? Here are five savvy steps to pay off your mortgage in half the time.

**1. Make Bi-Weekly Payments**

Instead of making monthly mortgage payments, switch to bi-weekly payments. This simple change can make a massive difference over time.

**How It Works:** By paying half your mortgage payment every two weeks, you’ll make 26 half-payments per year – that’s 13 full payments instead of 12.

**Why It Helps:** This extra payment reduces your principal balance faster, which means you’ll pay less interest over the life of your loan. Plus, it’s a relatively painless way to speed up your payoff timeline without drastically altering your budget.

**2. Round Up Your Payments**

Rounding up your mortgage payments to the nearest hundred can accelerate your progress without feeling too painful.

**Example:** If your mortgage payment is $1,450, round it up to $1,500. That extra $50 each month goes directly toward your principal.

**Impact:** This small adjustment can knock years off your mortgage and save you thousands in interest. Plus, it’s a manageable way to chip away at your debt.

**3. Make Extra Payments**

When you come into extra cash – whether it’s a work bonus, tax refund, or a gift – consider putting it toward your mortgage.

**Direct to Principal:** Ensure that any extra payments are applied directly to your principal balance. Most lenders allow this, but make sure to specify.

**Periodic Lump Sums:** Even if you can’t make extra payments every month, periodic lump sums can significantly reduce your principal and the amount of interest you’ll pay.

**4. Refinance to a Shorter Term**

Refinancing your mortgage to a shorter term can drastically cut the time you spend paying off your home.

**Explore Options:** Look into refinancing from a 30-year mortgage to a 15-year or 20-year mortgage. These shorter terms typically come with lower interest rates, which can save you money over time.

**Consider the Costs:** While refinancing can save money in the long run, be mindful of closing costs and fees. Calculate whether the savings on interest will outweigh these costs.

**5. Live Below Your Means**

Living below your means doesn’t mean depriving yourself – it means being intentional with your spending to free up more money for your mortgage.

**Budget Wisely:** Create a budget that prioritizes your mortgage. Cut back on non-essential expenses and redirect that money toward your loan.

**Lifestyle Adjustments:** Small lifestyle changes can have a big impact. Consider dining out less, reducing subscription services, and finding cost-effective ways to entertain yourself. Every little bit helps!

**Final Thoughts: Stay Motivated and Celebrate Milestones**

Paying off your mortgage early is a marathon, not a sprint. It requires discipline, patience, and a solid plan. Here are some tips to keep you motivated along the way:

**Track Your Progress:** Keep a visual tracker of your mortgage payoff journey. Seeing your progress can be incredibly motivating.

**Set Milestones:** Break your goal into smaller, manageable milestones. Celebrate each one – whether it’s reducing your principal by $10,000 or hitting the halfway mark.

**Stay Flexible:** Life happens, and sometimes you might need to adjust your strategy. That’s okay! Stay flexible and committed to your goal.

Remember, every extra dollar you put toward your mortgage brings you one step closer to financial freedom. So, lace up those financial sneakers and get ready to sprint toward mortgage freedom!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Pay Off Your Mortgage In Half The Time With These 5 Steps appeared first on Your Pretty Pennies.

**Here’s How To Pay Off Your Personal Loan Quickly** Feb 16, 2018

We all know that taking out a personal loan can be a lifesaver for those big expenses, but the real flex is paying it off quickly and efficiently. If you’re looking to become debt-free and take control of your finances, you’re in the right place. Let’s dive into some savvy strategies to pay off your personal loan faster than you can say “financial freedom.”

**1. Know Your Loan Inside and Out**

Before you start making extra payments, get cozy with your loan details. Understand your interest rate, monthly payment amount, and the remaining balance. Familiarize yourself with any prepayment penalties that might apply if you pay off your loan early. Knowledge is power, queen – the more you know, the better equipped you’ll be to tackle your debt.

**2. Make Biweekly Payments**

Instead of making one monthly payment, switch to biweekly payments. By paying half of your monthly payment every two weeks, you’ll end up making 26 half-payments, which equals 13 full payments per year instead of 12. This simple trick can shave months off your loan term and save you a bundle in interest.

**3. Round Up Your Payments**

Another easy hack is rounding up your payments. If your monthly payment is $275, round it up to $300. That extra $25 may not seem like much, but over time, it adds up and reduces your principal balance faster. Every little bit helps when you’re working towards financial freedom.

**4. Use Windfalls Wisely**

Got a bonus at work, a tax refund, or a monetary gift from grandma? Use those windfalls to make extra payments on your loan. It’s tempting to splurge, but think of how amazing it will feel to be debt-free. Applying unexpected cash to your loan can significantly accelerate your payoff timeline.

**5. Cut Expenses and Allocate the Savings**

Take a good look at your budget and identify areas where you can cut back. Maybe it’s those daily lattes, dining out frequently, or that subscription you rarely use. Redirect the money you save towards your loan. Sacrificing a little now can lead to big rewards in the future.

**6. Increase Your Income**

Side hustle, anyone? Finding ways to boost your income can give you extra cash to put towards your loan. Whether it’s freelancing, babysitting, or selling items you no longer need, every dollar counts. Use that extra income specifically for debt repayment, and watch your balance shrink.

**7. Prioritize High-Interest Debt**

If you have multiple debts, focus on paying off the one with the highest interest rate first. This strategy, known as the avalanche method, saves you the most money in interest over time. Once the high-interest loan is paid off, move on to the next one on your list.

**8. Automate Your Payments**

Set up automatic payments to ensure you never miss a due date. Late fees and penalties can set you back, so automate your payments to stay on track. Some lenders even offer discounts for setting up autopay, which can save you even more.

**9. Track Your Progress**

Stay motivated by tracking your progress. Create a visual representation of your debt payoff journey – a chart, graph, or even a coloring page. Seeing your progress can be incredibly motivating and help you stay committed to your goal.

**10. Stay Disciplined and Stay Positive**

Paying off debt is a marathon, not a sprint. Stay disciplined and remind yourself why you’re doing this. Celebrate small victories along the way to keep your spirits high. Remember, every step you take brings you closer to financial freedom.

Paying off a personal loan quickly requires dedication, strategy, and a bit of sacrifice, but the payoff is worth it. Imagine the peace of mind and financial freedom you’ll gain once that debt is gone. You’ve got this! Keep pushing, stay focused, and let’s conquer this debt together.

**Would you like assistance with creating a personal finance plan?**Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s How To Pay Off Your Personal Loan Quickly appeared first on Your Pretty Pennies.

**The 9 Steps You Need To Take To Pay Off Your Medical Bills Quickly** Feb 16, 2018

Medical bills can be a heavy burden, but with the right strategies, you can tackle them head-on and reclaim your financial peace of mind. Whether it’s an unexpected emergency or a planned procedure, medical debt doesn’t have to derail your financial goals. Let’s dive into the nine essential steps you need to take to pay off your medical bills quickly and efficiently.

**1. Review and Understand Your Bills**

First things first, make sure you thoroughly review your medical bills. Mistakes happen, and you don’t want to pay for services you didn’t receive or be overcharged.

**Request an Itemized Bill:** Ask for an itemized bill to see exactly what you’re being charged for. Look for any discrepancies or charges that seem unusual.

**Verify with Your Insurance:** Cross-check the bill with your insurance provider’s Explanation of Benefits (EOB) to ensure all covered services have been appropriately discounted.

**2. Negotiate with Healthcare Providers**

Many people don’t realize that medical bills are often negotiable. Don’t be afraid to reach out to your healthcare provider’s billing department.

**Ask for a Discount:** Sometimes, simply asking for a reduction in your bill can result in a lower amount. Explain your financial situation and see if they offer any discounts or hardship programs.

**Set Up a Payment Plan:** If you can’t pay the full amount upfront, ask about setting up a payment plan. Most providers are willing to work with you to create manageable monthly payments.

**3. Explore Financial Assistance Programs**

There are numerous financial assistance programs available for medical bills. These programs can significantly reduce your debt.

**Hospital Financial Assistance:** Many hospitals offer charity care programs or financial assistance based on your income and financial situation. Check with your provider to see if you qualify.

**Nonprofit Organizations:** Look for nonprofits that provide grants or financial aid to help with medical expenses. Organizations like the HealthWell Foundation or the Patient Advocate Foundation are great places to start.

**4. Use a Health Savings Account (HSA)**

If you have an HSA, use it to pay for your medical expenses. Contributions to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free.

**Maximize Contributions:** Try to contribute the maximum allowed amount to your HSA each year. This not only provides a tax benefit but also ensures you have funds set aside for medical costs.

**5. Consider Medical Credit Cards Carefully**

Some providers offer medical credit cards specifically for healthcare expenses. While these can be useful, they come with risks.

**0% Interest Periods:** Look for cards that offer an introductory 0% interest period. This can give you time to pay off the balance without accruing additional interest.

**Watch Out for High Interest Rates:** Be cautious of high-interest rates after the introductory period. Make sure you can pay off the balance before the rate increases.

**6. Consolidate Your Medical Debt**

Consolidating your medical debt can simplify your payments and potentially lower your interest rates.

**Personal Loans:** Consider taking out a personal loan to pay off your medical bills. Often, personal loans have lower interest rates than medical credit cards or unpaid balances.

**Balance Transfer Credit Cards:** If you have good credit, look for a balance transfer credit card with a 0% introductory rate. Transfer your medical debt to this card and pay it off during the interest-free period.

**7. Prioritize Your Payments**

When you have multiple medical bills, prioritize which ones to pay off first.

**High-Interest Debt:** Pay off bills with the highest interest rates first to save money in the long run.

**Small Balances:** Alternatively, paying off smaller balances first can give you quick wins and motivation to tackle larger debts.

**8. Increase Your Income**

Boosting your income can help you pay off your medical bills faster.

**Side Hustles:** Consider taking on a side hustle or freelance work to generate extra income.

**Sell Unused Items:** Sell items you no longer need or use. Online platforms like eBay, Poshmark, or Facebook Marketplace can help you turn clutter into cash.

**9. Stay Organized and Persistent**

Staying organized and persistent is key to paying off your medical bills quickly.

**Track Your Progress:** Use a spreadsheet or budgeting app to track your payments and remaining balances.

**Stay in Communication:** Keep in touch with your healthcare providers and creditors. Regular communication shows your commitment to paying off your debt and can prevent misunderstandings.

Paying off medical bills can be challenging, but with determination and the right strategies, you can overcome this financial hurdle. Stay strong, stay organized, and keep pushing forward. You’ve got this!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The 9 Steps You Need To Take To Pay Off Your Medical Bills Quickly appeared first on Your Pretty Pennies.

**The 5 Steps You Need To Take To Pay Off Auto Loan With Less Time And Money** Feb 15, 2018

Owning a car can feel empowering, but dealing with an auto loan? Not so much. If you’re dreaming of the day when that car is truly yours and you’re free of monthly payments, you’re in the right place. Let’s break down five savvy steps to help you pay off your auto loan faster and save some serious cash along the way. Ready to slay your loan? Let’s go!

**1. Make Bi-Weekly Payments**

Switching from monthly to bi-weekly payments is a game-changer. Here’s why:

**More Payments, Less Interest:** By paying every two weeks, you end up making one extra payment per year. This reduces the principal faster, which means you pay less in interest overall.

**Better Cash Flow Management:** Smaller, more frequent payments can fit more easily into your budget, helping you manage your cash flow more effectively.

**Action Step:** Call your lender to see if they accept bi-weekly payments without penalties. Set up automatic payments to stay consistent.

**2. Round Up Your Payments**

A little bit can go a long way, darling. Rounding up your payments to the nearest $50 or $100 can make a significant difference over time.

**Chip Away at Principal:** Each extra dollar goes directly toward reducing your principal balance, shortening the life of your loan.

**Less Interest Over Time:** The quicker your principal decreases, the less interest you accrue.

**Action Step:** Calculate your current payment and decide on a comfortable rounded-up amount. Update your automatic payment settings or manually add the extra amount each month.

**3. Make Extra Payments When Possible**

Whenever you come into some extra cash – think tax refunds, bonuses, or even that side hustle money – consider putting a chunk of it toward your auto loan.

**Reduce Principal Directly:** Extra payments go straight to the principal, not future interest, accelerating your payoff.

**Lower Interest Costs:** Reducing the principal sooner cuts down the overall interest you’ll pay over the life of the loan.

**Action Step:** Budget for an additional payment when you receive extra income. Even a small amount can make a big impact over time.

**4. Refinance Your Loan**

Refinancing can be a smart move if it lowers your interest rate or shortens your loan term without drastically increasing your monthly payments.

**Lower Interest Rate:** A reduced rate means more of your payment goes toward the principal.

**Shorter Loan Term:** While this can raise your monthly payment slightly, it can save you a lot in interest and help you own your car sooner.

**Action Step:** Shop around for refinancing options and compare offers from different lenders. Ensure there are no prepayment penalties on your current loan before refinancing.

**5. Avoid Loan Extensions and Deferrals**

It might be tempting to extend your loan term or defer payments during tough times, but this can cost you more in the long run.

**Increased Interest:** Extensions and deferrals add more interest to your loan because you’re paying over a longer period.

**Prolonged Debt:** These options keep you in debt longer, delaying the financial freedom you deserve.

**Action Step:** If you’re facing financial hardship, consider other options first, like adjusting your budget or seeking financial counseling. Use extensions and deferrals as a last resort.

**Wrapping Up Your Auto Loan Journey**

Paying off your auto loan faster is all about strategy and consistency. By making bi-weekly payments, rounding up, making extra payments, refinancing, and avoiding loan extensions, you’ll be cruising toward financial freedom in no time.

Remember, every little bit helps, and staying dedicated to your goal will get you there. Keep your eye on the prize and celebrate each milestone along the way. You’ve got this!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The 5 Steps You Need To Take To Pay Off Auto Loan With Less Time And Money appeared first on Your Pretty Pennies.

**You Can Soar Higher When You Are Lighter (Debt Free)** Feb 14, 2018

Today, we’re diving into a topic that’s as liberating as shedding a heavy coat on a warm spring day: living debt-free. Imagine soaring higher, free from the weight of debt, with nothing holding you back from reaching your dreams. Let’s talk about why being debt-free can help you live your best life and how you can achieve it.

**The Weight of Debt**

Debt can feel like an anchor, dragging you down and keeping you from moving forward. Whether it’s student loans, credit card balances, or car payments, debt limits your financial freedom and peace of mind. The stress of monthly payments, interest rates, and mounting balances can be overwhelming. But guess what? You don’t have to live like this forever.

**Why Being Debt-Free is Life-Changing**

**Financial Freedom:**
Imagine having the freedom to make choices based on your desires and goals, not on what you owe. Being debt-free means your money is truly yours, giving you the power to invest, save, or splurge as you see fit. Financial freedom is empowering and opens doors to opportunities you might have thought were out of reach.

**Reduced Stress:**
Debt can be a major source of stress and anxiety. Freeing yourself from debt means no more sleepless nights worrying about bills and payments. Your mental and emotional well-being will improve, allowing you to focus on what truly matters.

**Increased Savings and Investments:**
Without debt payments eating into your income, you can redirect those funds into savings and investments. This not only builds your financial security but also helps grow your wealth over time. Imagine the possibilities when your money works for you, not the other way around.

**Flexibility and Security:**
A debt-free life offers flexibility. You can take career risks, travel, or pursue further education without the financial burden of debt. It also provides a safety net in case of emergencies, giving you the security to handle life’s unexpected twists and turns.

**Improved Relationships:**
Financial stress can strain relationships. Being debt-free allows you to enjoy your time with loved ones without the constant worry about finances. It fosters healthier, happier relationships built on shared experiences and goals rather than financial woes.

**Steps to Achieve a Debt-Free Life**

**Create a Budget:**
Start by understanding your income and expenses. A budget helps you see where your money is going and where you can cut back. It’s the foundation of any successful debt repayment plan.

**Prioritize Your Debt:**
List all your debts, including interest rates and minimum payments. Focus on paying off high-interest debts first (the avalanche method) or start with the smallest balances for quick wins (the snowball method). Choose the strategy that motivates you the most.

**Reduce Expenses:**
Look for ways to cut unnecessary expenses. Cook at home, cancel unused subscriptions, and shop smarter. Every dollar saved is a dollar you can put towards debt repayment.

**Increase Your Income:**
Consider side hustles, freelancing, or asking for a raise to boost your income. Extra income can accelerate your debt repayment journey, bringing you closer to financial freedom.

**Stay Consistent and Motivated:**
Paying off debt takes time and discipline. Celebrate small victories along the way and remind yourself of the ultimate goal: a debt-free life. Keep your vision clear and stay committed.

**The Joy of Financial Freedom**

Imagine waking up every day knowing you have control over your finances. No more debt weighing you down, no more stress over payments, just pure financial freedom. You can invest in your dreams, build wealth, and enjoy life to the fullest.

Remember, you deserve to live a life free from financial burdens. By taking control of your debt and working towards a debt-free future, you’re not just lightening your financial load – you’re setting yourself up to soar higher than ever before. So, put on your crown, stay focused, and take those steps towards a brighter, debt-free future.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post You Can Soar Higher When You Are Lighter (Debt Free) appeared first on Your Pretty Pennies.

**The 5 Steps You Need To Take To Pay Off Your Credit Card Debt** Feb 14, 2018

Credit card debt can feel like a heavy weight holding you back from your financial dreams. But guess what? You have the power to break free and reclaim your financial freedom. Let’s dive into the five steps you need to take to pay off your credit card debt and get your finances back on track.

**Step 1: Face the Music and Know Your Numbers**

First things first – let’s face the music. It’s time to take a deep breath and gather all your credit card statements. Knowing exactly how much you owe, your interest rates, and minimum payments is crucial.

**List Your Debts:** Create a list of all your credit card debts. Include the balance, interest rate, and minimum payment for each card.

**Total It Up:** Calculate the total amount of debt you have. It might be daunting, but knowledge is power, queen!

**Understand Your Interest Rates:** Highlight the cards with the highest interest rates. These are the ones costing you the most in the long run.

**Step 2: Create a Realistic Budget**

Next, it’s time to get your budget game on point. A realistic budget will help you see where your money is going and where you can cut back to free up funds for debt repayment.

**Track Your Spending:** For one month, track every single expense. Yes, even that latte you grabbed on your way to work. This will give you a clear picture of your spending habits.

**Identify Areas to Cut Back:** Look for non-essential expenses that you can reduce or eliminate. Dining out, subscription services, and impulse purchases are common culprits.

**Allocate Funds to Debt Repayment:** Prioritize your debt repayment in your budget. Aim to pay more than the minimum payment on your credit cards to make a real dent in your balance.

**Step 3: Choose a Debt Repayment Strategy**

Now that you have a clear picture of your debt and budget, it’s time to choose a repayment strategy that suits you best. Here are two popular methods:

**Debt Snowball Method:** Focus on paying off the smallest debt first while making minimum payments on the rest. Once the smallest debt is paid off, move to the next smallest. This method provides quick wins and boosts your motivation.

**Debt Avalanche Method:** Focus on paying off the debt with the highest interest rate first while making minimum payments on the rest. This method saves you the most money in interest over time.

Choose the method that resonates with you and stick to it. Consistency is key!

**Step 4: Negotiate Lower Interest Rates and Consider Balance Transfers**

High interest rates can make it feel like you’re spinning your wheels. Don’t be afraid to pick up the phone and negotiate lower rates with your credit card issuers.

**Call Your Credit Card Issuers:** Explain your situation and ask if they can lower your interest rate. A lower rate means more of your payment goes toward the principal balance.

**Consider Balance Transfers:** Look for balance transfer offers with low or 0% introductory rates. Transferring high-interest debt to a card with a lower rate can save you money on interest and speed up your repayment.

**Step 5: Stay Committed and Celebrate Milestones**

Paying off credit card debt is a journey, and it requires commitment and patience. Stay focused and celebrate your progress along the way.

**Automate Your Payments:** Set up automatic payments to ensure you never miss a due date. Late payments can lead to fees and higher interest rates.

**Celebrate Milestones:** Each time you pay off a card or reach a significant milestone, celebrate! Treat yourself to something special (within your budget) to keep your motivation high.

**Stay Motivated:** Remind yourself of why you’re doing this. Whether it’s for financial freedom, stress relief, or a future goal, keep your “why” front and center.

Paying off credit card debt isn’t easy, but it’s absolutely possible. With determination, a solid plan, and a bit of sassy flair, you can conquer your debt and pave the way to a brighter financial future.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The 5 Steps You Need To Take To Pay Off Your Credit Card Debt appeared first on Your Pretty Pennies.

**The Pros And Cons Of Being In Debt** Feb 09, 2018

Let’s have a real talk about something that affects so many of us – debt. Love it or hate it, debt is a part of our financial lives. But, like that pair of high heels that look amazing but can be painful, debt comes with its own set of pros and cons. Today, we’re going to break it down so you can navigate your financial journey with confidence and clarity.

**The Pros of Being in Debt**

Yes, you heard me right. There are actually some pros to being in debt. It’s not all bad news, so let’s start with the bright side.

**1. Building Credit History**

**Credit Score Boost:** Responsible use of debt, like paying off credit cards on time, can help you build a solid credit history. A good credit score opens doors to better loan terms, lower interest rates, and even housing opportunities.

**Financial Flexibility:** A strong credit score gives you the flexibility to make big purchases when you need to, like buying a home or a car, with more favorable loan conditions.

**2. Access to Opportunities**

**Education Loans:** Student loans can be a game-changer, allowing you to invest in your education and future earning potential. Higher education often leads to higher salaries and better career opportunities.

**Business Growth:** Taking out a business loan can provide the capital needed to start or expand your business. This can lead to increased profits and business success.

**3. Managing Cash Flow**

**Emergency Funds:** Having access to credit can be a lifesaver in emergencies. It provides a cushion for unexpected expenses, such as medical bills or car repairs, ensuring you’re not left in a bind.

**Convenience:** Credit cards and lines of credit offer a convenient way to make purchases and manage expenses, especially when cash flow is tight.

**The Cons of Being in Debt**

Now, let’s get into the downside – because, let’s face it, debt can also be a heavy burden.

**1. High Interest Rates**

**Costly Debt:** High-interest debt, like credit card debt, can quickly spiral out of control. The interest can accumulate faster than you can pay off the principal, making it harder to become debt-free.

**Financial Drain:** High interest payments can eat into your income, leaving less money for savings, investments, and other financial goals.

**2. Stress and Anxiety**

**Financial Stress:** Debt can be a significant source of stress and anxiety. Worrying about making payments and managing multiple debts can take a toll on your mental health.

**Impact on Relationships:** Financial strain can affect personal relationships, causing tension and conflict with loved ones.

**3. Limited Financial Freedom**

**Restricted Choices:** Being in debt can limit your financial choices. It can be harder to qualify for loans, rent an apartment, or even get a job if you have poor credit.

**Reduced Savings:** Money that goes toward paying off debt is money that could be invested or saved for the future. Debt can delay your financial goals, like buying a home or retiring comfortably.

**4. Risk of Bankruptcy**

**Financial Ruin:** In extreme cases, overwhelming debt can lead to bankruptcy, which has long-lasting effects on your credit score and financial reputation. It can take years to rebuild your credit after a bankruptcy.

**Making Debt Work for You**

So, how can you navigate the complex world of debt and make it work for you? Here are some tips:

**Borrow Wisely:** Only take on debt for investments that will pay off in the long run, like education, a home, or a business.

**Pay On Time:** Always make your payments on time to avoid late fees and damage to your credit score.

**Pay More Than the Minimum:** Whenever possible, pay more than the minimum payment to reduce your principal faster and save on interest.

**Create a Plan:** Have a clear plan for paying off your debt. Use tools like debt consolidation or a debt repayment plan to stay organized and motivated.

**Wrapping It Up**

Debt isn’t inherently good or bad – it’s all about how you manage it. By understanding the pros and cons, you can make informed decisions that align with your financial goals.

Debt might be a part of your financial journey, but it doesn’t define you. With smart strategies and a little bit of sass, you can manage your debt and thrive financially. You’ve got this!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The Pros And Cons Of Being In Debt appeared first on Your Pretty Pennies.

**The Power of Focusing On Complete Debt Freedom** Feb 08, 2018

Today, we’re talking about a subject that hits close to home for many of us: debt. Debt can feel like a heavy burden, but focusing on achieving complete debt freedom can be one of the most empowering journeys you’ll ever undertake. Let’s dive into why prioritizing debt freedom can transform your financial future and bring a sense of liberation you never thought possible.

**Why Complete Debt Freedom Matters**

Debt can be a significant obstacle to financial stability and peace of mind. It’s like dragging around a ball and chain that prevents you from fully enjoying life’s opportunities. By focusing on complete debt freedom, you’re choosing to break those chains and reclaim your financial power.

**Financial Security and Peace of Mind**

Being debt-free means you don’t owe anyone anything. That sense of financial security is priceless. No more worrying about monthly payments or interest rates – just pure peace of mind. Imagine the freedom of knowing that your income is yours to keep and invest as you see fit.

**Increased Savings and Investment Potential**

When you’re not paying off debt, you can redirect that money toward savings and investments. This not only helps you build wealth but also allows you to achieve financial goals faster, whether it’s buying a home, starting a business, or saving for retirement. Your money starts working for you instead of against you.

**Greater Financial Flexibility**

Debt limits your options. Without it, you have the flexibility to make choices that align with your dreams and values. Want to travel more? Start a passion project? Take a career break? Debt freedom gives you the financial flexibility to say yes to new opportunities.

**Steps to Achieve Complete Debt Freedom**

Achieving debt freedom requires a strategic approach, dedication, and a positive mindset. Here’s how you can start your journey:

**Assess Your Debt Situation**

Start by listing all your debts – credit cards, student loans, car loans, mortgages, and any other outstanding balances. Note the interest rates, minimum payments, and total amounts owed. This gives you a clear picture of your financial landscape and helps you prioritize.

**Create a Debt Repayment Plan**

Choose a repayment strategy that works for you. Two popular methods are the snowball and avalanche methods. The snowball method involves paying off the smallest debts first to gain momentum, while the avalanche method focuses on paying off debts with the highest interest rates first to save money on interest.

**Budget Like a Boss**

Craft a budget that prioritizes debt repayment. Cut unnecessary expenses and redirect those funds toward paying off your debt. Every dollar saved and every extra payment counts. Stay disciplined and remind yourself of the ultimate goal – complete debt freedom.

**Increase Your Income**

Boosting your income can accelerate your debt repayment. Look for side hustles, freelance opportunities, or ask for a raise at work. Any extra income can make a significant difference in paying off your debt faster.

**Stay Motivated and Celebrate Milestones**

Debt repayment is a marathon, not a sprint. Stay motivated by setting small milestones and celebrating your progress. Each time you pay off a debt, reward yourself with something special – just make sure it doesn’t break the bank!

**The Emotional and Psychological Benefits**

Beyond the financial advantages, becoming debt-free has profound emotional and psychological benefits. The journey to debt freedom builds discipline, resilience, and a strong sense of accomplishment. It’s a transformative process that changes your relationship with money and instills confidence in your financial decisions.

**Embrace the Journey**

Remember, queens, the journey to debt freedom is not just about the destination – it’s about the growth and empowerment you experience along the way. Embrace each step, stay focused, and keep your eyes on the prize. You have the power to break free from debt and create a future filled with financial abundance and freedom.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The Power of Focusing On Complete Debt Freedom appeared first on Your Pretty Pennies.

**Here’s The Mindset You Need To Pay Off Thousands In Debt** Feb 08, 2018

It’s time to talk about one of the most empowering journeys you can take – paying off debt. Whether you’re facing student loans, credit card debt, or medical bills, tackling thousands of dollars in debt might seem daunting, but with the right mindset, you can crush it. Let’s dive into the mindset shifts that will help you pay off that debt and reclaim your financial freedom.

**1. Commit to Your Goal**

First things first, commit to paying off your debt. This journey requires determination and a willingness to make sacrifices now for a better financial future later. Set a clear goal, whether it’s paying off a specific amount by a certain date or becoming debt-free altogether. Visualize what life will be like once you’re debt-free to stay motivated.

**2. Embrace Financial Awareness**

Knowledge is power, and understanding your financial situation is key to making progress. Take inventory of all your debts – how much you owe, the interest rates, and minimum payments. Create a budget to track your income and expenses. Being aware of where your money goes will help you identify areas where you can cut back and allocate more towards debt repayment.

**3. Shift Your Money Mindset**

Change your perspective on money and debt. Debt is not a life sentence; it’s a temporary situation that you have the power to overcome. Instead of viewing debt repayment as a burden, see it as an investment in your future financial well-being. Celebrate every small victory along the way and remind yourself that each payment brings you closer to your goal.

**4. Prioritize Debt Repayment**

Make paying off debt a top priority. Cut unnecessary expenses and redirect that money towards your debt. Consider a side hustle or part-time job to increase your income and accelerate your debt payoff. Every extra dollar you put towards debt saves you money in interest payments and shortens the time it takes to become debt-free.

**5. Practice Patience and Perseverance**

Paying off thousands in debt is a marathon, not a sprint. Be patient with yourself and the process. Stay focused on your goal, even when it feels like progress is slow. Trust that your efforts will pay off in the long run. If setbacks occur, don’t get discouraged. Learn from them and keep moving forward.

**6. Build a Support System**

Surround yourself with people who encourage and support your financial goals. Whether it’s friends, family, or a community of like-minded individuals, having a support system can provide motivation and accountability. Share your progress and celebrate milestones together. Having someone to talk to about your financial journey can make all the difference.

**7. Educate Yourself About Personal Finance**

Take the time to educate yourself about personal finance. Understand how interest rates work, learn about budgeting techniques, and explore strategies for debt repayment. The more knowledgeable you are, the better equipped you’ll be to make informed decisions and stay on track with your financial goals.

**8. Focus on Financial Freedom**

Ultimately, paying off debt is about achieving financial freedom. Imagine a life where your money works for you instead of the other way around. Visualize the opportunities you’ll have once you’re debt-free – whether it’s saving for a down payment on a home, starting your own business, or traveling the world.

**Conclusion**

Paying off thousands in debt requires a mindset shift, determination, and perseverance. By committing to your goal, embracing financial awareness, shifting your money mindset, prioritizing debt repayment, practicing patience, building a support system, educating yourself about personal finance, and focusing on financial freedom, you can achieve your goal of becoming debt-free.

Remember, you’ve got this! Stay focused, stay motivated, and keep moving forward on your journey to financial freedom. Your future self will thank you for the hard work and dedication you’re putting in today.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s The Mindset You Need To Pay Off Thousands In Debt appeared first on Your Pretty Pennies.

**Here’s How To Understand Tax Refunds | Tax Refunds Demystified** Feb 02, 2018

Tax season – it’s that time of year again when we dive into our finances and hope for a sweet tax refund. But do you ever wonder how it all works? Let’s demystify tax refunds and make sure you’re getting every penny you deserve!

**Understanding Your Tax Refund**

First things first, let’s break it down. A tax refund is the money you get back from the government when you’ve paid more in taxes throughout the year than you actually owe. Think of it as a little bonus for overpaying Uncle Sam.

**How Refunds Are Calculated:** Your tax refund is calculated based on your total income, deductions, credits, and tax payments throughout the year. If you’ve had too much withheld from your paychecks or you’ve made excess estimated tax payments, you’re likely to get a refund.

**Claiming Deductions and Credits:** Deductions and credits can increase your refund or decrease the amount of tax you owe. Deductions, like mortgage interest or charitable contributions, reduce your taxable income. Credits, such as the Earned Income Tax Credit or Child Tax Credit, directly reduce the amount of tax you owe.

**Direct Deposit vs. Check:** You can choose to have your refund deposited directly into your bank account or receive a paper check. Direct deposit is usually faster and more secure.

**Tips to Maximize Your Tax Refund**

Now, let’s talk strategy. Here are some tips to help you maximize your tax refund:

**Keep Track of Your Deductions:** Don’t miss out on deductions that can lower your taxable income. Keep records of medical expenses, charitable donations, and any other deductible expenses.

**Take Advantage of Credits:** Credits are a dollar-for-dollar reduction in your tax bill. Make sure you claim all the credits you qualify for, such as the Child and Dependent Care Credit or the Lifetime Learning Credit.

**Contribute to Retirement Accounts:** Contributing to a traditional IRA or a 401(k) can reduce your taxable income, potentially increasing your refund.

**Adjust Your Withholdings:** If you consistently receive a large refund, consider adjusting your W-4 to have less tax withheld from your paycheck. This will increase your take-home pay throughout the year.

**What to Do with Your Tax Refund**

So, you’ve got that sweet refund in your hands – what now?

**Save for Emergencies:** Build or beef up your emergency fund. Having a safety net can prevent financial stress in case of unexpected expenses.

**Pay Down Debt:** Use your refund to pay off high-interest debt like credit cards. It’ll save you money on interest and improve your financial health.

**Invest in Your Future:** Consider investing your refund in a retirement account, like an IRA or a 401(k), or in a brokerage account to grow your wealth over time.

**Treat Yourself (Responsibly):** After taking care of the essentials, treat yourself to something special. Whether it’s a weekend getaway or that pair of shoes you’ve been eyeing, you deserve it.

**What If You Owe Taxes Instead?**

If you end up owing taxes instead of getting a refund, don’t panic! Here’s what you can do:

**Pay On Time:** Make sure you pay your taxes by the deadline to avoid penalties and interest charges.

**Set Up a Payment Plan:** If you can’t pay the full amount, consider setting up a payment plan with the IRS.

**Adjust Your Withholdings:** Review your W-4 and adjust your withholdings to ensure you’re paying enough tax throughout the year.

**Wrapping Up**

Understanding your tax refund is empowering. It helps you take control of your finances and make informed decisions. Remember, it’s your money, and you’ve worked hard for it!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s How To Understand Tax Refunds | Tax Refunds Demystified appeared first on Your Pretty Pennies.

**7 Savvy Ways To Spending Your Tax Refund For Moms** Feb 02, 2018

Tax season is upon us, and if you’re expecting a refund, it’s time to start planning how to put that money to good use. Whether you’ve got big dreams or practical needs, here are 7 savvy ways to spend your tax refund wisely.

**1. Build Your Emergency Fund**

First things first – mama, you need a safety net. Use your tax refund to beef up your emergency fund. Aim to save at least 3-6 months’ worth of living expenses. Having this cushion will give you peace of mind and protect your family from unexpected financial surprises.

**2. Invest in Your Child’s Education**

Invest in your child’s future by contributing to a 529 college savings plan. It’s a tax-advantaged way to save for education expenses, and your money grows over time. Your little one will thank you when it’s time for college.

**3. Pay Down High-Interest Debt**

Got credit card debt hanging over your head? Use your tax refund to pay it down. Start with the debt that has the highest interest rate to save money on interest in the long run. Getting rid of debt means more financial freedom for you and your family.

**4. Invest in Home Improvements**

Make your house a home sweet home by investing in some upgrades. Whether it’s a kitchen remodel, new flooring, or energy-efficient appliances, home improvements can increase your home’s value and make daily life more enjoyable.

**5. Treat Yourself (You Deserve It!)**

Being a mom is hard work, and sometimes you just need to treat yourself. Use a portion of your tax refund to pamper yourself – whether it’s a spa day, a new outfit, or a weekend getaway. You deserve to feel good too!

**6. Save for Retirement**

Yes, mama, retirement might seem far away, but it’ll be here before you know it. Use your tax refund to boost your retirement savings. Contribute to an IRA or increase your contributions to your 401(k). Your future self will thank you for it.

**7. Invest in Yourself**

Invest in your own growth and development. Take a course to learn a new skill, enroll in a certification program, or attend a workshop or conference related to your career or passion. Investing in yourself can lead to new opportunities and increased earning potential.

**Bonus Tip: Plan for Fun Family Time**

Lastly, use some of your tax refund to create memories with your family. Plan a fun outing, a weekend trip, or save up for a special family vacation. Quality time together is priceless.

**Final Thoughts**

Mama, your tax refund is a valuable opportunity to improve your financial situation and treat yourself and your family. By making smart choices with your refund, you can set yourself up for greater financial security and create lasting memories with your loved ones.

Remember, it’s okay to splurge a little on something you’ve been dreaming of, but balance it with investments in your future and your family’s well-being. Here’s to making the most of your tax refund and continuing to shine bright as the amazing mom you are!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 7 Savvy Ways To Spending Your Tax Refund For Moms appeared first on Your Pretty Pennies.

**7 Wise Ways To Spend Your Tax Refund This Year** Feb 01, 2018

Hey..It’s tax season and you know what that means – it’s time to make that tax refund work for you! Whether your refund is big or small, making smart choices now can set you up for success in the future. Here are 7 wise ways to spend your tax refund this year.

**1. Pay Down High-Interest Debt**

First things first, let’s tackle those high-interest debts. Credit card balances and personal loans can weigh you down with high interest rates. Use your tax refund to make a dent in these debts. Not only will you save money on interest in the long run, but you’ll also improve your credit score.

**2. Build (or Replenish) Your Emergency Fund**

Life happens, and having an emergency fund is crucial for weathering unexpected expenses. If you don’t have one, use your tax refund to start building it. Aim to save at least 3-6 months’ worth of living expenses. If you already have an emergency fund, consider topping it up.

**3. Invest in Yourself**

Investing in yourself is never a bad idea. Use your tax refund to further your education or skills. Consider taking a course, attending a workshop, or buying books that will help you advance in your career or business. You’re your best asset, so invest in yourself wisely.

**4. Contribute to Retirement Accounts**

Secure your future by contributing to your retirement accounts. If you have a 401(k) or IRA, use your tax refund to maximize your contributions. It’s a smart way to save for retirement while potentially reducing your taxable income.

**5. Start or Boost Your Investment Portfolio**

Grow your wealth by investing your tax refund. Consider starting a diversified investment portfolio or adding to your existing investments. Stocks, bonds, mutual funds, and ETFs are all options to explore. Remember, investing is a long-term game, so choose investments that align with your financial goals.

**6. Home Improvements**

If you’re a homeowner, consider using your tax refund for home improvements. Investing in your property can increase its value and improve your quality of life. Whether it’s a kitchen upgrade, a bathroom remodel, or energy-efficient improvements, your home will thank you.

**7. Treat Yourself (Responsibly)**

Last but not least, treat yourself! You’ve worked hard, and a little splurge won’t hurt. Treat yourself to something you’ve been wanting or an experience that brings you joy. Just remember to do it responsibly and within your budget.

**Tips for Making the Most of Your Tax Refund**

**Plan Ahead:** Decide in advance how you’ll use your tax refund. This will help you resist the urge to spend it impulsively.

**Prioritize:** Focus on the areas that will have the most impact on your financial well-being, like paying off debt or saving for the future.

**Seek Advice:** If you’re unsure about the best way to use your tax refund, consider seeking advice from a financial advisor. They can help you make informed decisions based on your financial goals.

**Final Thoughts**

Your tax refund is an opportunity to improve your financial health and work towards your long-term goals. By making wise choices now, you can set yourself up for a more secure and prosperous future. Remember, financial empowerment starts with you.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 7 Wise Ways To Spend Your Tax Refund This Year appeared first on Your Pretty Pennies.

**The 5 Financial Habits You Must Develop Today** Jan 22, 2018

Hey… Let’s talk about setting ourselves up for financial success! Developing good financial habits isn’t just about crunching numbers – it’s about building a solid foundation for your future. Whether you’re just starting your financial journey or looking to level up, these five habits are key to helping you achieve your goals.

**1. Budget Like a Boss**

Budgeting is the cornerstone of financial management. It’s not about restricting yourself but about understanding where your money is going and planning for your financial goals.

**Track Your Income and Expenses:** Start by tracking all your sources of income and where your money is going each month. This will help you identify areas where you can save or cut back.

**Set Financial Goals:** Define your short-term and long-term financial goals. Whether it’s paying off debt, saving for a vacation, or investing for retirement, having clear goals will keep you motivated.

**Create a Realistic Budget:** Based on your income and expenses, create a budget that allows you to cover your necessities, save, and enjoy some guilt-free spending. Stick to your budget as much as possible, but be flexible when life happens.

**2. Pay Yourself First**

Yes, sis, you heard right – pay yourself first! This means saving and investing before you start paying bills or buying groceries. It’s a powerful habit that ensures your financial future is secure.

**Automate Your Savings:** Set up automatic transfers from your checking account to your savings or investment accounts. This makes saving effortless and ensures you prioritize your financial goals.

**Start an Emergency Fund:** Build a safety net for unexpected expenses. Aim to save 3-6 months’ worth of living expenses. Having an emergency fund will prevent you from going into debt when life throws you a curveball.

**3. Educate Yourself About Money**

Knowledge is power, queen! Take the time to learn about personal finance and investing. Understanding how money works will help you make informed decisions and grow your wealth.

**Read Financial Books and Blogs:** There are tons of resources out there to help you learn about money management, investing, and building wealth. Find a few trusted sources and soak up that knowledge.

**Take a Personal Finance Course:** Consider taking a personal finance course online or at a local community center. Investing in your financial education will pay off big time in the long run.

**Stay Informed:** Keep up with financial news and trends. Understanding the economy and market conditions will help you make smarter investment decisions.

**4. Eliminate Debt**

Debt can hold you back from achieving your financial goals. Developing a plan to pay off debt and avoiding new debt is crucial for financial freedom.

**Create a Debt Repayment Plan:** List your debts from smallest to largest (or by interest rate) and focus on paying off one debt at a time. Make minimum payments on all debts and put any extra money towards the smallest debt until it’s paid off.

**Avoid New Debt:** Cut up credit cards if you struggle with overspending. Use cash or debit cards for purchases to avoid accumulating new debt. Only take out loans for essential purchases or investments.

**5. Invest in Your Future**

Investing is how you build wealth over time. Whether you’re saving for retirement or building a nest egg, developing a consistent investing habit is key.

**Start Early:** Time is your best friend when it comes to investing. The earlier you start investing, the more time your money has to grow through compound interest.

**Diversify Your Investments:** Spread your investments across different asset classes (stocks, bonds, real estate) to reduce risk. Consider investing in low-cost index funds or exchange-traded funds (ETFs) for easy diversification.

**Stay Consistent:** Invest regularly, regardless of market conditions. Use dollar-cost averaging to buy more shares when prices are low and fewer shares when prices are high. Don’t try to time the market.

**Conclusion**

By adopting these five financial habits, you’ll be well on your way to achieving financial success and building the life you deserve. Remember, developing good habits takes time and effort, but the payoff is worth it. Stay focused, stay motivated, and keep moving forward, queen. You’ve got this!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The 5 Financial Habits You Must Develop Today appeared first on Your Pretty Pennies.

**How To Attain Financial Freedom In Half The Time** Jan 17, 2018
Let’s talk about the ultimate goal: financial freedom. Picture this – waking up every day knowing you have the power to live life on your terms, without financial stress holding you back. Sounds dreamy, right? Well, achieving financial freedom is totally within your grasp, and I’m here to share some savvy tips on how to get there in half the time.

**1. Set Clear Financial Goals**

First things first, you’ve got to know where you’re going to get there faster. Set clear, specific financial goals that light a fire under you. Whether it’s paying off debt, saving for a down payment on a home, or building a robust retirement fund, having goals gives you direction and motivation.

**SMART Goals:** Make your goals SMART – Specific, Measurable, Achievable, Relevant, and Time-bound. For example, “I will pay off $10,000 in credit card debt within 12 months.”

**Long-Term Vision:** Keep your eye on the prize. Visualize what financial freedom looks like for you and let that vision drive your actions.

**2. Create a Budget and Stick to It**

Budgeting is your secret weapon on the road to financial freedom. It’s not about restricting yourself – it’s about telling your money where to go so you can reach your goals faster.

**Track Your Spending:** Know where your money is going each month. Look for areas where you can cut back and redirect those funds towards your financial goals.

**Emergency Fund:** Build a solid emergency fund to cover unexpected expenses. Having this safety net will prevent you from derailing your financial plan when life throws you a curveball.

**3. Increase Your Income**

Sometimes, reaching financial freedom faster means finding ways to increase your income. Think outside the box and explore opportunities to bring in extra cash.

**Side Hustles:** Consider starting a side hustle or freelancing in your spare time. Whether it’s selling handmade crafts, tutoring, or consulting, there are endless possibilities.

**Invest for Passive Income:** Invest in assets like dividend-paying stocks, rental properties, or peer-to-peer lending platforms. These can generate passive income streams to supplement your salary.

**4. Pay Off Debt Strategically**

Debt can be a major roadblock on your journey to financial freedom. Develop a plan to pay off your debts strategically.

**Debt Snowball or Avalanche:** Choose a debt repayment strategy that works for you – the debt snowball (paying off the smallest debts first) or the debt avalanche (paying off debts with the highest interest rates first).

**Avoid New Debt:** While paying off existing debt, avoid taking on new debt unless absolutely necessary. Focus on breaking the cycle of debt.

**5. Invest Wisely**

Investing is a powerful way to grow your wealth and achieve financial freedom faster. Educate yourself about different investment options and build a diversified portfolio.

**Retirement Accounts:** Maximize contributions to retirement accounts like a 401(k) or IRA. Take advantage of employer matching contributions if available.

**Stocks and Bonds:** Consider investing in stocks, bonds, mutual funds, and ETFs based on your risk tolerance and financial goals.

**6. Protect Your Financial Future**

Lastly, protect your financial freedom by having the right insurance coverage and estate planning.

**Insurance:** Ensure you have adequate health, life, disability, and home insurance coverage. This protects you and your loved ones from unexpected financial setbacks.

**Estate Planning:** Prepare a will and designate beneficiaries for your assets. This ensures your wishes are carried out and your loved ones are taken care of.

**Conclusion**

Financial freedom isn’t just a dream – it’s a journey that’s entirely within your reach. By setting clear goals, creating a budget, increasing your income, paying off debt, investing wisely, and protecting your financial future, you can attain financial freedom in half the time. Stay focused, stay determined, and remember, you’re on the path to living your best life!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Attain Financial Freedom In Half The Time appeared first on Your Pretty Pennies.

**How To Stop Forfeiting Your Financial Power** Jan 17, 2018
It’s time for some real talk about reclaiming your financial power. We’ve all been there – letting life’s challenges and distractions pull us away from our financial goals. But today, we’re taking back control. Here’s how to stop forfeiting your financial power and start building the wealth and security you deserve.

**1. Educate Yourself: Knowledge is Power**

First things first, financial literacy is your best friend. Understanding money management, investing, and budgeting empowers you to make informed decisions.

**Read Books and Articles:** Dive into books and articles on personal finance. “The Wealth Choice” by Dr. Dennis Kimbro and “Girl, Get Your Money Straight” by Glinda Bridgforth are great places to start.

**Take Online Courses:** Platforms like Coursera and Udemy offer affordable courses on financial literacy. Empower yourself with knowledge!

**Join Financial Groups:** Connect with like-minded individuals through financial literacy groups or clubs. Share experiences, tips, and motivate each other.

**2. Set Clear Financial Goals**

Without clear goals, it’s easy to drift and lose focus. Define what financial success looks like for you.

**Short-Term Goals:** These could be paying off credit card debt, building an emergency fund, or saving for a vacation. Set achievable milestones to keep you motivated.

**Long-Term Goals:** Think about buying a home, saving for retirement, or starting a business. Outline these goals clearly and create a plan to reach them.

**Write Them Down:** Document your goals and review them regularly. This keeps you accountable and focused on the bigger picture.

**3. Create a Budget and Stick to It**

Budgeting isn’t a restriction – it’s a tool for empowerment. A budget helps you understand where your money is going and ensures it aligns with your goals.

**Track Your Spending:** Use apps like Mint or YNAB to track your expenses. Identify areas where you can cut back and reallocate funds to your priorities.

**Allocate Funds Wisely:** Divide your income into categories – needs, wants, savings, and debt repayment. Stick to your allocations to avoid unnecessary overspending.

**Review Regularly:** Life changes, and so should your budget. Review and adjust it regularly to reflect your current financial situation and goals.

**4. Invest in Your Future**

Investing is a powerful way to grow your wealth and secure your future. Don’t let fear or lack of knowledge hold you back.

**Start Small:** Begin with manageable amounts. Consider low-cost index funds or ETFs, which provide diversification with lower risk.

**Retirement Accounts:** Maximize your contributions to retirement accounts like a 401(k) or IRA. Take advantage of employer matches – that’s free money!

**Seek Advice:** If you’re unsure where to start, consult with a financial advisor. They can help create a personalized investment plan based on your goals and risk tolerance.

**5. Take Charge of Your Credit**

Your credit score impacts many aspects of your financial life, from getting a loan to securing a good interest rate.

**Check Your Credit Report:** Regularly review your credit report for errors and address any discrepancies immediately.

**Pay on Time:** Set up automatic payments to ensure you never miss a due date. Payment history is a significant factor in your credit score.

**Reduce Debt:** Focus on paying down high-interest debt first. Snowballing your payments (paying off the smallest debts first) can also build momentum.

**6. Build a Strong Support Network**

Surround yourself with people who uplift and support your financial journey.

**Financial Accountability Partners:** Partner with friends or family members who share your financial goals. Keep each other accountable and motivated.

**Mentors and Advisors:** Seek mentors who have successfully navigated their financial journeys. Learn from their experiences and insights.

**Empowerment Groups:** Join groups or communities that focus on financial empowerment. Sharing and learning with others can be incredibly motivating.

**Reclaiming Your Financial Power**

Taking control of your finances is a journey, but with determination and the right tools, you can reclaim your financial power. Educate yourself, set clear goals, create a budget, invest wisely, manage your credit, and build a supportive network. Remember, queen, you have the power to shape your financial destiny. So, go out there and slay your financial goals!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Stop Forfeiting Your Financial Power appeared first on Your Pretty Pennies.

**Here’s How To Overcome Your Past Financial Mistakes** Jan 11, 2018

Let’s get real for a moment. We’ve all made financial mistakes. Whether it was overspending on those irresistible shoes, racking up credit card debt, or investing in something that didn’t pan out, financial missteps happen. But guess what? They don’t define you. It’s time to shake off the shame and take control of your financial future. Here’s how to overcome your past financial mistakes and come out stronger than ever.

**1. Acknowledge and Accept Your Mistakes**

First things first, darling – it’s time to face the music. Acknowledge your past financial mistakes without beating yourself up. We’re human, and we all make errors. Acceptance is the first step towards making meaningful changes. Reflect on what went wrong and why it happened. Understanding the root cause helps you avoid repeating the same mistakes.

**Action Step:** Write down your past financial mistakes. Be honest but gentle with yourself. This is about gaining clarity, not self-criticism.

**2. Assess Your Current Financial Situation**

Next, take a deep dive into your current finances. Gather all your financial statements, including bank accounts, credit card balances, loans, and investments. Understanding where you stand today is crucial for creating a plan to move forward.

**Action Step:** Create a financial snapshot. List all your assets (what you own) and liabilities (what you owe). This will give you a clear picture of your net worth.

**3. Create a Realistic Budget**

A well-thought-out budget is your financial blueprint. It helps you track your income and expenses, ensuring you live within your means and allocate funds towards paying off debts and saving for the future. A realistic budget is one that you can stick to without feeling deprived.

**Action Step:** List your monthly income and expenses. Categorize your spending to identify areas where you can cut back. Make sure to allocate funds for debt repayment and savings.

**4. Develop a Debt Repayment Plan**

If debt is part of your past financial mistakes, it’s time to tackle it head-on. Create a debt repayment plan that prioritizes high-interest debt first. Consider the avalanche method (paying off debts with the highest interest rates first) or the snowball method (paying off the smallest debts first for quick wins).

**Action Step:** List all your debts, including the balance, interest rate, and minimum monthly payment. Choose a repayment strategy that works best for you and start chipping away at that debt.

**5. Build an Emergency Fund**

An emergency fund is your financial safety net, protecting you from unexpected expenses and helping you avoid future debt. Aim to save at least three to six months’ worth of living expenses.

**Action Step:** Set up a separate savings account for your emergency fund. Automate regular contributions to this account, even if it’s a small amount to start with.

**6. Seek Professional Advice**

Sometimes, overcoming financial mistakes requires expert guidance. Don’t be afraid to seek help from a financial advisor or credit counselor. They can provide personalized advice and strategies to help you get back on track.

**Action Step:** Research reputable financial advisors or credit counseling services. Schedule a consultation to discuss your financial goals and challenges.

**7. Focus on Financial Education**

Empower yourself with knowledge. The more you understand about personal finance, the better equipped you’ll be to make smart financial decisions. There are plenty of resources available, from books and podcasts to online courses and workshops.

**Action Step:** Dedicate time each week to financial education. Read a finance book, listen to a podcast, or enroll in a course that interests you.

**8. Forgive Yourself and Move Forward**

Finally, give yourself grace and move forward. Holding onto guilt and regret won’t change the past. Focus on the progress you’re making and celebrate your victories, no matter how small.

**Action Step:** Practice self-forgiveness. Write a letter to yourself acknowledging your mistakes and expressing your commitment to a better financial future.

Remember, queen, your past doesn’t define you. Every step you take towards financial empowerment is a step towards a brighter, more secure future. You’ve got the strength, wisdom, and resilience to overcome any financial hurdle. Keep shining and slaying those financial goals!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s How To Overcome Your Past Financial Mistakes appeared first on Your Pretty Pennies.

**The First 5 Steps I Took To Transform My Finances** Jan 10, 2018

Let’s talk about something close to my heart: financial transformation. Like many of us, I once found myself living paycheck to paycheck, feeling overwhelmed by debt, and dreaming of a more secure financial future. But guess what? I turned it around, and so can you! Today, I’m sharing the first five steps I took to transform my finances. Let’s dive in and get you on the path to financial empowerment!

**1. Facing the Financial Facts**

First things first, I had to get real with myself. I sat down and took a hard look at my financial situation. This meant gathering all my financial documents – bank statements, credit card bills, loan statements, and any other relevant paperwork. I needed a clear picture of where I stood.

**Track Every Dollar:** I tracked every single dollar coming in and going out. This was eye-opening! I realized I was spending way too much on things that didn’t really matter.

**Create a Financial Snapshot:** I made a list of all my debts, savings, and investments. Seeing the numbers in black and white was the wake-up call I needed.

**2. Setting Clear Financial Goals**

Once I had a clear understanding of my financial situation, I set specific, achievable goals. Dreaming big is great, but I needed a roadmap to get there.

**Short-Term Goals:** I set goals I could achieve within a year, like paying off a credit card or building an emergency fund.

**Long-Term Goals:** I also set long-term goals, like saving for a down payment on a house or investing for retirement.

**SMART Goals:** My goals were Specific, Measurable, Achievable, Relevant, and Time-bound. This clarity kept me focused and motivated.

**3. Crafting a Realistic Budget**

Creating a budget was a game-changer. I needed a plan to control my spending and prioritize my financial goals.

**Categorize Spending:** I divided my expenses into categories: necessities (rent, utilities, groceries), discretionary spending (dining out, entertainment), and financial goals (savings, debt repayment).

**Cutting Unnecessary Expenses:** I identified areas where I could cut back. Goodbye, daily lattes and impulse online shopping!

**Automate Savings:** I set up automatic transfers to my savings account. This made saving money effortless and ensured I stayed on track.

**4. Paying Down Debt Strategically**

Debt can feel like a huge burden, but tackling it strategically made all the difference.

**List All Debts:** I listed all my debts, including the balance, interest rate, and minimum payment for each.

**Debt Avalanche Method:** I used the debt avalanche method, focusing on paying off debts with the highest interest rates first while making minimum payments on the rest. This saved me money on interest in the long run.

**Celebrate Milestones:** Each time I paid off a debt, I celebrated. Small wins kept me motivated and committed to the process.

**5. Investing in My Financial Education**

Knowledge is power, and investing in my financial education was crucial. I committed to learning as much as I could about personal finance and investing.

**Read Books and Blogs:** I read books and followed financial blogs to understand the basics of money management, investing, and wealth building.

**Take Courses:** I enrolled in online courses to deepen my knowledge. Topics included budgeting, investing, and financial planning.

**Join Communities:** I joined financial forums and groups where I could ask questions, share experiences, and learn from others.

**Conclusion: Your Financial Transformation Awaits**

Transforming my finances wasn’t easy, but it was worth every bit of effort. By facing the facts, setting clear goals, creating a realistic budget, paying down debt strategically, and investing in my financial education, I took control of my financial future.

Remember, queen, financial empowerment is within your reach. Start with these steps, stay committed, and watch your finances transform. You’ve got this!

**Would you like assistance with creating a personal finance plan?**Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The First 5 Steps I Took To Transform My Finances appeared first on Your Pretty Pennies.

**How To Overcome Financial Sabotage in 3 Steps** Jan 05, 2018

Financial sabotage can be a sneaky little monster, hiding in our habits and mindsets, derailing our financial goals. Whether it’s overspending, avoiding budgeting, or letting fear hold us back from investing, we’ve all been there. But don’t worry, sis – I’ve got your back. Here’s how you can overcome financial sabotage in three powerful steps.

**Step 1: Identify and Own Your Financial Behaviors**

The first step in overcoming financial sabotage is to recognize it. It’s time to get real with yourself and identify the habits and mindsets that are holding you back.

**Self-Reflection:** Take a moment to reflect on your financial habits. Do you find yourself shopping to cope with stress? Are you avoiding looking at your bank statements out of fear? Write down any patterns you notice.

**Own Your Actions:** Acknowledge that these behaviors are within your control. It’s not about blaming yourself but about taking responsibility. You have the power to change these habits.

**Identify Triggers:** Recognize what triggers your financial sabotage. Is it boredom, stress, or social pressure? Knowing your triggers can help you develop strategies to manage them.

**Step 2: Set Clear, Achievable Financial Goals**

Now that you’ve identified your financial sabotage behaviors, it’s time to set some clear, achievable goals. Having a vision for your financial future can keep you motivated and focused.

**Define Your Goals:** What do you want to achieve financially? Whether it’s paying off debt, saving for a vacation, or building an emergency fund, be specific about your goals.

**Break It Down:** Break your goals into smaller, manageable steps. Instead of saying, “I want to save $5,000,” start with “I will save $100 every month.” Smaller steps make big goals feel more achievable.

**Create a Vision Board:** Visualize your financial goals by creating a vision board. Include images, quotes, and anything that inspires you. Place it somewhere you’ll see daily to remind yourself of what you’re working towards.

**Track Your Progress:** Keep track of your progress regularly. Celebrate small victories along the way. Tracking your achievements can boost your confidence and keep you motivated.

**Step 3: Develop a Financial Plan and Stick to It**

With clear goals in place, the next step is to develop a solid financial plan. This plan will be your roadmap to overcoming financial sabotage and achieving your goals.

**Budget Like a Boss:** Create a budget that aligns with your goals. Track your income and expenses to ensure you’re living within your means. Use budgeting apps or spreadsheets to make it easier.

**Prioritize Debt Repayment:** If you have debt, prioritize paying it off. Use the debt snowball or avalanche method – whichever works best for you. Reducing debt frees up more money for savings and investments.

**Automate Savings:** Set up automatic transfers to your savings account. Treat your savings like a bill that must be paid. Automating your savings removes the temptation to spend that money elsewhere.

**Educate Yourself:** Knowledge is power. Invest time in learning about personal finance. Read books, listen to podcasts, or follow financial experts on social media. The more you know, the better equipped you’ll be to make smart financial decisions.

**Stay Accountable:** Find an accountability partner – a friend, family member, or financial coach – who can support and encourage you. Share your goals and progress with them regularly.

**Final Thoughts**

Overcoming financial sabotage isn’t about being perfect; it’s about making intentional, positive changes. By identifying your behaviors, setting clear goals, and developing a solid plan, you can take control of your finances and build the future you deserve.

Remember, you are powerful, capable, and worthy of financial success. Don’t let sabotage steal your shine. Stay focused, stay fabulous, and keep moving forward. tuned for more tips and strategies to empower your financial journey. You’ve got this!

**Would you like assistance with creating a personal finance plan?**Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Overcome Financial Sabotage in 3 Steps appeared first on Your Pretty Pennies.

**How To Stop Quitting On Your Financial Goals** Jan 04, 2018

We all start the year with big dreams and financial goals, but somewhere along the way, life happens and those goals start to fade. It’s time to break that cycle! Let’s talk about the four essential steps you need to take to stop quitting on your financial goals. Get ready to take control, stay motivated, and slay those goals like the boss you are.

**1. Set Clear and Achievable Goals**

First things first, let’s get clear about what you want. Vague goals like “save more money” or “reduce debt” aren’t enough. You need specific, measurable, achievable, relevant, and time-bound (SMART) goals.

**Be Specific:** Instead of saying, “I want to save money,” set a goal like, “I want to save $5,000 for an emergency fund by December 31st.”

**Make It Measurable:** Track your progress with tangible numbers. This way, you can see how far you’ve come and what you need to do to reach your goal.

**Keep It Achievable:** Be realistic about what you can accomplish. If you aim too high, you might get discouraged and quit.

**Stay Relevant:** Ensure your goals align with your long-term plans. Your financial goals should support your overall life aspirations.

**Time-Bound:** Give yourself a deadline. Having a time frame creates a sense of urgency and keeps you on track.

**2. Break Down Your Goals into Manageable Steps**

Big goals can be overwhelming. Break them down into smaller, more manageable steps. This makes the journey less daunting and allows you to celebrate small victories along the way.

**Create a Roadmap:** Outline the steps you need to take to achieve each goal. For example, if your goal is to save $5,000 in a year, break it down to saving approximately $417 per month.

**Set Milestones:** Identify key milestones on your way to the big goal. Each milestone achieved is a step closer to your ultimate goal and a reason to celebrate.

**Track Your Progress:** Use tools like spreadsheets, budgeting apps, or financial journals to keep track of your progress. Regularly review and adjust your plan as needed.

**3. Stay Accountable and Seek Support**

Accountability is crucial in sticking to your financial goals. Share your goals with someone you trust or join a community of like-minded individuals who can support and motivate you.

**Find an Accountability Partner:** Share your goals with a friend, family member, or mentor who will check in on your progress and encourage you to stay on track.

**Join a Financial Group:** Look for online forums, social media groups, or local meetups focused on financial goals and money management. Being part of a community can provide inspiration and advice.

**Celebrate Successes Together:** When you reach a milestone, celebrate with your accountability partner or group. Sharing your achievements makes the journey more enjoyable and reinforces positive behavior.

**4. Adjust and Adapt**

Life is full of surprises, and sometimes your financial plan needs a little tweaking. Don’t be afraid to adjust your goals and strategies as needed. Flexibility is key to long-term success.

**Revisit Your Goals Regularly:** Set aside time each month to review your goals and progress. This helps you stay focused and make any necessary adjustments.

**Learn from Setbacks:** If you encounter obstacles or setbacks, don’t get discouraged. Use them as learning opportunities to refine your approach and come back stronger.

**Stay Flexible:** Your financial situation and priorities may change over time. Be open to adjusting your goals and plans to reflect these changes.

**In Conclusion**

Achieving your financial goals is not just about having a plan; it’s about persistence, flexibility, and support. By setting clear goals, breaking them down into manageable steps, staying accountable, and being willing to adapt, you can conquer your financial aspirations and build the future you deserve.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Stop Quitting On Your Financial Goals appeared first on Your Pretty Pennies.

**The 5 Poor Spending Habits You Should Stop Now To Achieve Financial Goals** Jan 03, 2018

Achieving your financial goals requires more than just earning money – it’s about managing and spending it wisely. We all have spending habits that might be holding us back from reaching our full financial potential. Today, we’re going to spotlight the five poor spending habits you should ditch right now to elevate your financial game. Let’s dive in and start making those money moves!

**1. Impulse Buying**

Impulse buying is a sneaky habit that can sabotage your financial goals faster than you can say “sale.” Whether it’s a late-night online shopping spree or an unplanned splurge at your favorite store, these purchases add up.

**How to Break It:** Create a shopping list before you head out or log on to shop. Stick to your list to avoid unnecessary purchases. Implement the 24-hour rule – if you see something you want, wait 24 hours before buying it. This gives you time to decide if you really need it.

**2. Neglecting a Budget**

Failing to budget is like embarking on a road trip without a map – you’re likely to get lost along the way. A budget is your financial GPS, guiding you towards your goals and helping you avoid overspending.

**How to Break It:** Start by tracking your expenses for a month to see where your money goes. Then, create a budget that allocates funds for essentials, savings, and discretionary spending. Use budgeting apps or spreadsheets to keep it simple and stay on track.

**3. Living Beyond Your Means**

Keeping up with the Joneses can lead to financial ruin. Living beyond your means often involves racking up debt to maintain a lifestyle you can’t afford, which can derail your financial goals.

**How to Break It:** Focus on living within or below your means. Prioritize needs over wants, and find joy in what you can comfortably afford. Remember, financial freedom feels better than any material possession.

**4. Paying Minimums on Credit Cards**

Only paying the minimum balance on your credit cards can trap you in a cycle of debt. Interest accrues quickly, and you’ll end up paying significantly more than the original purchase amount.

**How to Break It:** Aim to pay off your credit card balance in full each month. If you’re already carrying a balance, create a plan to pay it down aggressively. Start with the highest-interest card and work your way down. Consider balance transfer options if they offer lower interest rates.

**5. Ignoring Subscriptions and Small Expenses**

Those small, recurring expenses – like subscriptions, streaming services, and daily coffees – can silently drain your finances. Over time, they add up and take a substantial chunk out of your budget.

**How to Break It:** Conduct a subscription audit. Cancel any services you no longer use or can live without. For small daily expenses, set a limit and track your spending. Consider making coffee at home or bringing lunch to work a few days a week.

**Achieving Financial Goals: The Bigger Picture**

Breaking these poor spending habits is the first step towards achieving your financial goals. Here’s how you can turn these changes into long-term success:

**Set Clear Financial Goals:** Define what you want to achieve – whether it’s building an emergency fund, saving for a down payment, or investing for the future. Having clear goals will keep you motivated.

**Celebrate Small Wins:** Every step you take towards better spending habits is a victory. Celebrate your progress, no matter how small, to stay encouraged and on track.

**Seek Support:** Share your financial goals with a trusted friend or family member. They can provide support and hold you accountable. Alternatively, consider joining a financial wellness group or community.

**Final Thoughts**

Changing your spending habits isn’t easy, but it’s absolutely worth it. By ditching impulse buying, budgeting, living within your means, tackling credit card debt, and managing small expenses, you’ll be well on your way to achieving your financial goals.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The 5 Poor Spending Habits You Should Stop Now To Achieve Financial Goals appeared first on Your Pretty Pennies.

**How To Set and Achieve Your Financial and Lifestyle Goals** Jan 03, 2018

It’s time to talk about leveling up your life by setting and achieving your financial and lifestyle goals. We all have dreams, whether it’s traveling the world, buying a dream home, or securing a comfortable retirement. But turning those dreams into reality requires a plan. Let’s dive into how you can set clear goals and create a roadmap to achieve them.

**1. Get Clear on What You Want**

First things first, darling – clarity is key. Take some time to reflect on what you truly want in life. What are your deepest desires and ambitions? Break them down into specific, measurable goals. Instead of saying, “I want to save money,” say, “I want to save $10,000 for a down payment on a house in two years.” The more specific you are, the easier it is to create a plan to achieve it.

**2. Write It Down**

Writing down your goals isn’t just a good idea; it’s a game-changer. Studies show that people who write down their goals are more likely to achieve them. Get yourself a dedicated journal or use a digital tool to jot down your goals. Include details like the amount of money you want to save, the time frame, and the steps you need to take. Seeing your goals in black and white makes them feel real and actionable.

**3. Break It Down**

Big goals can be overwhelming, but breaking them down into smaller, manageable steps makes them achievable. For instance, if your goal is to save $10,000 in two years, break it down to saving approximately $417 a month. Identify ways to cut back on expenses or find additional income sources to meet your monthly savings target. Small steps add up to big results!

**4. Create a Budget**

A budget is your best friend when it comes to achieving financial goals. It helps you see where your money is going and where you can make adjustments. Start by tracking your income and expenses. Categorize your spending to see where you can cut back. Allocate a portion of your income towards your savings and investment goals. Stick to your budget, and you’ll be amazed at how quickly you can make progress.

**5. Automate Your Savings**

Set it and forget it! Automating your savings is a smart way to ensure you consistently put money towards your goals. Set up automatic transfers from your checking account to your savings or investment accounts. Treat your savings like a bill that needs to be paid each month. This way, you won’t be tempted to spend the money elsewhere.

**6. Invest in Yourself**

Investing isn’t just about stocks and bonds; it’s also about investing in yourself. Consider taking courses or workshops that enhance your skills and career prospects. The more you invest in your personal and professional growth, the more opportunities you’ll create to increase your income and achieve your goals.

**7. Monitor Your Progress**

Keep track of your progress regularly. Set aside time each month to review your budget, savings, and investments. Celebrate your wins, no matter how small, and reassess your plan if necessary. Life happens, and sometimes goals need to be adjusted. That’s perfectly fine – the key is to stay committed and adaptable.

**8. Stay Motivated and Positive**

Maintaining motivation is crucial. Surround yourself with positive influences, whether it’s friends, family, or online communities that support your goals. Visualize your success and remind yourself why you’re working towards these goals. Positive affirmations and a strong support system can keep you motivated even when the going gets tough.

**9. Reward Yourself**

Achieving your goals doesn’t mean you have to deprive yourself. Build in rewards for reaching milestones. Treat yourself to something special when you hit a savings target or complete a major step towards your goal. Celebrating your successes keeps you motivated and makes the journey enjoyable.

**10. Seek Professional Advice**

Sometimes, you need a little expert advice to guide you. Don’t hesitate to consult a financial advisor or coach to help you create and implement a solid plan. They can provide personalized advice and strategies to optimize your financial journey.

Setting and achieving your financial and lifestyle goals is all about clarity, planning, and consistency. By following these steps, you’ll be well on your way to turning your dreams into reality. Stay tuned for more tips and strategies to empower your financial journey. From investing basics to advanced financial planning, we’ve got everything you need to thrive.

**Would you like assistance with creating a personal finance plan?**Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Set and Achieve Your Financial and Lifestyle Goals appeared first on Your Pretty Pennies.

**3 Things To Discuss To Create Your Desired Marriage & Lifestyle** Dec 26, 2017
**Watch the video below:**

**Would you like assistance with creating a personal finance plan?**Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 3 Things To Discuss To Create Your Desired Marriage & Lifestyle appeared first on Your Pretty Pennies.

Interview with Toresa Blakely: Entrepreneurship Tips & Achieving Financial Goals Dec 24, 2017

Listen the podcast below:

The post Interview with Toresa Blakely: Entrepreneurship Tips & Achieving Financial Goals appeared first on Your Pretty Pennies.

**Here’s Why I Stopped Couponing & Started Building Income Streams** Dec 21, 2017

Today, I’m sharing a personal journey that transformed my financial life. Once upon a time, I was a couponing queen, clipping and snipping every Sunday, chasing deals like a pro. While it was fun and saved me a few dollars, I realized that couponing wasn’t going to build the wealth I aspired to have. So, I shifted my focus from clipping coupons to creating multiple income streams. Let me tell you why this change was the best financial decision I’ve ever made.

**The Couponing Craze**

Couponing is a great way to save money, no doubt about it. I remember the thrill of getting a $100 grocery bill down to $50 and the satisfaction of scoring deals on everyday items. But here’s the tea – while saving money is fantastic, it only gets you so far. Couponing consumed a lot of my time and energy for relatively small returns. I realized I needed a more powerful approach to achieve my financial goals.

**Why I Transitioned to Building Income Streams**

**Limited Time and Energy:**
Couponing, while rewarding, was time-consuming. Sorting through circulars, matching coupons to sales, and organizing trips to multiple stores was practically a part-time job. As a busy professional, I needed to optimize my time better. Building income streams, on the other hand, allowed me to use my time more efficiently and effectively.

**Bigger Financial Goals:**
Saving a few dollars here and there was helpful, but I had bigger financial dreams. I wanted to build wealth, not just save on groceries. Creating multiple income streams offered the potential for significant financial growth, enabling me to invest in my future and achieve long-term goals.

**Income Over Savings:**
While couponing is about saving money, building income streams is about making money. I shifted my focus from how much I could save to how much I could earn. This mindset change was a game-changer. By increasing my income, I could save more, invest more, and enjoy a better quality of life.

**How I Started Building Income Streams**

**Freelancing and Side Hustles:**
I explored my skills and passions to find ways to make extra money. Freelancing in my field, offering consulting services, and even starting a small online business were all ways I diversified my income. These ventures not only brought in additional cash but also allowed me to pursue my interests and develop new skills.

**Investing in the Stock Market:**
Investing was intimidating at first, but I educated myself and took the plunge. Starting with small amounts, I invested in stocks and mutual funds. Over time, my investments grew, providing me with passive income and increasing my financial security.

**Creating Digital Products:**
Leveraging my expertise, I created digital products like e-books, online courses, and workshops. These products generated passive income, allowing me to earn money while I slept. The initial effort to create these products paid off exponentially over time.

**The Benefits of Multiple Income Streams**

**Financial Security:**
Having multiple income streams provided a safety net. If one income source dried up, others were there to keep me afloat. This diversification protected me from financial instability and gave me peace of mind.

**Increased Wealth:**
With multiple income sources, my overall income grew significantly. This increase allowed me to save more, invest more, and enjoy a better lifestyle. My financial goals, once distant dreams, became achievable realities.

**Personal Growth:**
Building income streams pushed me out of my comfort zone. I learned new skills, met amazing people, and grew as an individual. The journey was challenging but incredibly rewarding.

**Final Thoughts**

Couponing was a fun chapter in my financial journey, but building multiple income streams turned out to be the real game-changer. If you’re ready to take your finances to the next level, consider shifting your focus from saving pennies to making dollars. Explore your talents, invest wisely, and watch your wealth grow. You’ve got this!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s Why I Stopped Couponing & Started Building Income Streams appeared first on Your Pretty Pennies.

**5 Ways To Overcome Impulsive Spending** Dec 19, 2017

We’ve all been there – scrolling through our favorite online shops or walking past a tempting store display, and before we know it, we’ve made yet another impulsive purchase. While treating yourself is essential, those impulsive buys can add up quickly and derail your financial goals. But don’t worry, I’ve got the scoop on how you can overcome impulsive spending and take control of your finances like the boss you are. Let’s dive into five powerful strategies to help you stay on track!

**1. Create and Stick to a Budget**

First things first, darling – you need a budget. Think of it as your financial blueprint, guiding you toward your goals while giving you the freedom to enjoy life responsibly.

**Track Your Spending:** Start by tracking your expenses for a month to understand where your money is going. You might be surprised at how much those little purchases add up!

**Set Realistic Limits:** Allocate specific amounts for different categories, including fun money. Knowing you have a set amount to spend guilt-free can reduce the urge to splurge impulsively.

**Use Budgeting Apps:** Tools like Mint, YNAB (You Need a Budget), or even a simple spreadsheet can help you stay organized and mindful of your spending habits.

**2. Practice Mindful Spending**

Mindfulness isn’t just for meditation – it can revolutionize your spending habits too!

**Pause Before You Purchase:** Before making a purchase, take a moment to reflect. Do you really need this item? How will it impact your budget?

**Wait 24 Hours:** Implement a 24-hour rule for non-essential purchases. Adding that cooling-off period helps you evaluate if the item is truly necessary.

**Assess Emotional Triggers:** Identify the emotions that drive your spending. Are you buying something to feel better after a tough day? Recognizing these patterns can help you find healthier coping mechanisms.

**3. Make a Shopping List and Stick to It**

Impulse buys often happen when we’re unprepared. Enter the humble shopping list.

**Plan Ahead:** Whether it’s groceries or a day at the mall, create a detailed list of what you need and stick to it.

**Avoid Temptations:** If you know certain stores or websites trigger your spending, steer clear of them. No window-shopping – virtual or otherwise – unless it’s for something specific on your list.

**Shop with Purpose:** Focus on buying only what you need. It can help to shop when you’re in a hurry or with a friend who can keep you accountable.

**4. Unsubscribe and Unfollow**

Those marketing emails and social media ads are designed to tempt you. Take control of your exposure to these triggers.

**Clean Your Inbox:** Unsubscribe from promotional emails that constantly lure you into spending. Your wallet will thank you.

**Curate Your Feed:** Unfollow or mute accounts that promote constant shopping and instead follow accounts that inspire you to save, invest, or enjoy a minimalist lifestyle.

**Use Ad Blockers:** Install ad blockers on your browser to reduce online shopping temptations. Out of sight, out of mind!

**5. Reward Yourself Wisely**

It’s essential to celebrate your financial victories and reward yourself without derailing your budget.

**Set Milestones:** Create financial goals and reward yourself when you reach them. For example, treat yourself to a small, budgeted splurge after saving a specific amount or paying off a debt.

**Choose Non-Monetary Rewards:** Consider non-monetary rewards like a relaxing bath, a day off, or spending time with loved ones. These can be just as fulfilling as a shopping spree.

**Plan Treats:** Budget for occasional treats. This way, you satisfy your desire to spend without feeling guilty or jeopardizing your financial goals.

Overcoming impulsive spending isn’t about depriving yourself but about making mindful choices that align with your long-term goals. By implementing these strategies, you’ll not only gain control over your spending but also find greater satisfaction in the purchases you do make.

Remember, you’re in charge of your financial destiny.

**Would you like assistance with creating a personal finance plan?**Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 5 Ways To Overcome Impulsive Spending appeared first on Your Pretty Pennies.

**How To Create A New Culture Around Christmas and Money** Dec 12, 2017

The holiday season is upon us, and while Christmas brings joy, love, and togetherness, it also tends to bring a lot of financial stress. It’s time to shake things up and create a new culture around Christmas and money – one that’s joyful, sustainable, and stress-free. Let’s talk about how to embrace the holiday spirit without breaking the bank.

**1. Redefine Gift-Giving**

Christmas doesn’t have to be about expensive gifts. It’s the thought that counts, right? Let’s redefine what gift-giving means in our families and communities.

**Set a Budget:** Decide on a budget that’s comfortable for you and stick to it. Communicate with your loved ones about setting spending limits. It’s okay to say no to extravagant expectations.

**Get Creative:** Handmade gifts, DIY projects, and personalized presents often mean more than store-bought items. Consider baking cookies, crafting ornaments, or creating photo albums. These gifts show love and effort without costing a fortune.

**Secret Santa:** Instead of buying gifts for everyone, organize a Secret Santa exchange. This way, each person buys and receives one special gift, reducing overall expenses and stress.

**2. Focus on Experiences Over Material Goods**

Memories last longer than material goods. Shift the focus from what’s under the tree to the experiences you share with loved ones.

**Create Traditions:** Start new traditions that don’t revolve around spending money. Host a family game night, bake cookies together, or go for a winter hike. These activities create lasting memories without emptying your wallet.

**Volunteer Together:** Spread the holiday cheer by volunteering as a family. Serving meals at a shelter, organizing a toy drive, or visiting nursing homes can bring a deeper sense of fulfillment and connection.

**Plan Outings:** Instead of expensive gifts, plan fun outings. Movie nights, picnics, or day trips to local attractions can be more enjoyable and meaningful.

**3. Be Mindful of Holiday Spending**

The holiday season can tempt even the savviest spender. Stay mindful of your finances and avoid the pitfalls of holiday overspending.

**Make a List:** Before you start shopping, make a list of who you need to buy for and what you plan to get them. Stick to this list to avoid impulse purchases.

**Use Cash:** Consider using cash for your holiday shopping. It’s easier to keep track of your spending and avoid going over budget when you can see the money leaving your wallet.

**Shop Sales and Use Coupons:** Take advantage of sales, discounts, and coupons. There’s no shame in hunting for deals – it’s smart and financially savvy.

**4. Communicate Openly About Finances**

Open communication about finances can alleviate a lot of holiday stress. Talk with your family about your budget and financial goals.

**Set Expectations:** Let your loved ones know about your financial situation and your plans for a more budget-conscious Christmas. Most people will appreciate your honesty and understand your perspective.

**Teach Financial Responsibility:** Use the holiday season as an opportunity to teach children about the value of money. Involve them in budgeting for gifts and planning holiday activities.

**5. Give the Gift of Time and Presence**

Your time and presence are the most valuable gifts you can give. Focus on being present with your loved ones and creating meaningful connections.

**Unplug and Connect:** Put down the devices and spend quality time with your family and friends. Play games, have deep conversations, and truly enjoy each other’s company.

**Practice Gratitude:** Encourage gratitude and mindfulness during the holiday season. Reflect on the year’s blessings and express appreciation for the people in your life.

**Wrapping Up**

Creating a new culture around Christmas and money is all about shifting your focus from materialism to meaningful experiences. It’s about redefining what the holiday season means to you and your loved ones. By setting a budget, being mindful of your spending, and prioritizing time and presence over expensive gifts, you can enjoy a joyful, stress-free, and financially sustainable Christmas.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Create A New Culture Around Christmas and Money appeared first on Your Pretty Pennies.

**Here’s How To Afford Your Dream Home In 5 Steps** Dec 04, 2017

Dreaming of owning your very own fabulous home? That perfect sanctuary where you can relax, entertain, and build memories? Well, I’ve got some fantastic news for you – it’s absolutely within your reach! Today, I’m sharing the secrets to affording your dream home in five simple yet powerful steps. Let’s dive in and make those homeownership dreams a reality!

**1. Get Clear on Your Budget**

First things first, queen – know your numbers. Understanding what you can afford is the foundation of your home-buying journey.

**Evaluate Your Finances:** Take a close look at your income, expenses, and savings. Calculate how much you can comfortably allocate to your mortgage, considering other living expenses and financial goals.

**Use a Mortgage Calculator:** These handy tools can give you an idea of your potential monthly payments based on different loan amounts, interest rates, and down payments.

**Factor in All Costs:** Don’t forget about property taxes, homeowner’s insurance, maintenance, and utilities. A realistic budget will keep you grounded and prevent any financial surprises.

**2. Boost Your Credit Score**

Your credit score plays a big role in determining your mortgage rates and terms. The higher your score, the better the deal you’ll get.

**Check Your Credit Report:** Obtain your credit report from the major bureaus and review it for any errors. Dispute any inaccuracies to keep your score in tip-top shape.

**Pay Down Debt:** Focus on reducing your debt, especially high-interest credit card balances. Paying off debt not only improves your credit score but also frees up more money for your dream home.

**Make Timely Payments:** Consistently paying your bills on time is crucial. Set up automatic payments or reminders to avoid any late payments.

**3. Save for a Down Payment**

The larger your down payment, the more favorable your mortgage terms will be. Plus, it shows lenders you’re financially responsible.

**Set a Savings Goal:** Aim for at least 20% of the home’s purchase price to avoid private mortgage insurance (PMI). However, don’t be discouraged if you can’t reach this number – there are programs available for lower down payments.

**Automate Your Savings:** Set up automatic transfers to a dedicated savings account. Treat it like any other bill and pay yourself first.

**Cut Back on Non-Essentials:** Temporarily trim your budget by reducing discretionary spending. Every little bit helps and brings you closer to your dream home.

**4. Get Pre-Approved for a Mortgage**

Getting pre-approved for a mortgage gives you a clear picture of how much you can borrow and shows sellers you’re a serious buyer.

**Gather Financial Documents:** Prepare your income statements, tax returns, bank statements, and any other relevant documents. Lenders will need these to assess your financial situation.

**Shop Around:** Don’t settle for the first offer. Compare rates and terms from multiple lenders to find the best deal for you.

**Understand Your Loan Options:** Familiarize yourself with different types of mortgages – fixed-rate, adjustable-rate, FHA, VA, and USDA loans. Choose the one that best fits your financial situation and homeownership goals.

**5. Be Patient and Persistent**

Finding your dream home might take some time, but patience and persistence will pay off.

**Work with a Real Estate Agent:** A good agent knows the market and can help you find properties that match your criteria. They can also guide you through the negotiation and closing process.

**Stay Within Your Budget:** It’s easy to get carried away, but stick to your budget. Remember, your dream home should be a place of joy, not financial stress.

**Don’t Rush:** Take your time to find a home that truly meets your needs and desires. It’s worth waiting for the right one.

**Wrapping Up**

Affording your dream home is absolutely possible with careful planning, smart financial management, and a bit of determination. Follow these five steps, and you’ll be well on your way to turning your homeownership dreams into a reality. Stay fabulous, stay focused, and soon enough, you’ll be holding the keys to your very own dream home.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s How To Afford Your Dream Home In 5 Steps appeared first on Your Pretty Pennies.

**How To Achieve All Of Your Savings Goals** Nov 28, 2017

We all have dreams that require a little financial magic to come true, whether it’s buying a new home, taking that dream vacation, or simply building a robust emergency fund. Achieving your savings goals is all about strategy, commitment, and a sprinkle of sass. Let’s dive into how you can turn your financial dreams into reality and secure your future with confidence.

**1. Define Your Savings Goals**

First things first – get crystal clear on what you’re saving for. Are you dreaming of a down payment on a house, a tropical getaway, or a solid retirement nest egg? Be specific about your goals and assign a dollar amount and timeline to each one. Having clear, defined goals will give you a roadmap to follow and keep you motivated.

**Short-Term Goals:** These are things you want to achieve within the next year, like building an emergency fund or saving for a new gadget.

**Medium-Term Goals:** These are typically 1-5 years out, like saving for a car or a down payment on a home.

**Long-Term Goals:** These are your big, future plans, like retirement savings or funding your child’s education.

**2. Create a Realistic Budget**

Now that you’ve defined your goals, it’s time to create a budget that aligns with them. Your budget is your best friend when it comes to managing your money and ensuring you’re saving enough.

**Track Your Income and Expenses:** Start by tracking all your income and expenses for a month. This will give you a clear picture of where your money is going.

**Identify Areas to Cut Back:** Look for non-essential expenses that you can reduce or eliminate. This might mean dining out less, cutting down on subscription services, or finding cheaper alternatives for everyday items.

**Allocate Savings First:** Pay yourself first by allocating a portion of your income directly to your savings goals before spending on other things. Treat your savings like a non-negotiable bill.

**3. Automate Your Savings**

Automation is your secret weapon in achieving your savings goals. Set up automatic transfers from your checking account to your savings account. This way, you’re consistently saving without even thinking about it.

**Direct Deposit:** If your employer allows it, set up a portion of your paycheck to go directly into your savings account.

**Scheduled Transfers:** Most banks offer the option to schedule automatic transfers. Set these up to coincide with your payday for maximum efficiency.

**4. Use the Right Savings Tools**

Different savings goals may require different types of accounts and tools. Make sure you’re using the right ones to maximize your savings.

**High-Yield Savings Accounts:** For your short-term and emergency fund goals, consider a high-yield savings account. They offer better interest rates than regular savings accounts, helping your money grow faster.

**Certificates of Deposit (CDs):** For medium-term goals, CDs can offer higher interest rates in exchange for locking your money away for a set period.

**Investment Accounts:** For long-term goals like retirement, consider investment accounts like IRAs or brokerage accounts. Investing can yield higher returns over time compared to traditional savings accounts.

**5. Monitor Your Progress and Adjust as Needed**

Regularly review your savings goals and your progress toward them. Life happens, and your goals or financial situation might change, so it’s important to stay flexible and adjust your plan as needed.

**Monthly Check-Ins:** At the end of each month, review your budget and savings progress. Are you on track? Do you need to make any adjustments?

**Celebrate Milestones:** Achieving your savings goals is a big deal! Celebrate your milestones along the way to stay motivated and reward yourself for your hard work.

**6. Stay Motivated and Consistent**

Saving money can sometimes feel like a chore, but staying motivated is key to reaching your goals. Keep your eyes on the prize and remember why you’re saving.

**Visualize Your Goals:** Create a vision board or keep pictures of your goals in a place where you’ll see them daily. This will remind you of what you’re working toward.

**Find a Savings Buddy:** Partner with a friend or family member who also has savings goals. You can support and motivate each other to stay on track.

Achieving your savings goals is all about planning, persistence, and a bit of financial savvy. By setting clear goals, creating a realistic budget, automating your savings, using the right tools, monitoring your progress, and staying motivated, you’ll be well on your way to turning your financial dreams into reality.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Achieve All Of Your Savings Goals appeared first on Your Pretty Pennies.

**How To Separate Social Media vs. Your Financial Reality** Nov 27, 2017

Let’s talk about something that’s affecting many of us – the impact of social media on our financial reality. We’re constantly bombarded with glamorous posts showcasing luxurious lifestyles, exotic vacations, and the latest designer must-haves. It’s easy to get caught up in the glitz and feel like we need to keep up. But let’s get real – what you see on social media often doesn’t match financial reality. Here’s how you can keep your feet on the ground and your finances in check while navigating the flashy world of social media.

**1. Understand the Highlight Reel**

Remember, social media is a curated highlight reel, not a full representation of someone’s life. People typically share their best moments, not their everyday struggles. That luxurious vacation or high-end purchase might be a rare treat, not an everyday occurrence.

**Reality Check:** When you see a post that makes you feel envious or inadequate, remind yourself that you’re only seeing part of the story. Everyone has financial challenges, and no one’s life is as perfect as it appears online.

**2. Set Your Own Financial Goals**

Your financial goals are unique to you and should not be influenced by what you see online. Focus on what’s important to you – whether it’s saving for a home, starting a business, or building an emergency fund.

**Write Them Down:** Clearly define your financial goals and write them down. Having a tangible reminder of what you’re working towards can help you stay focused and resist the temptation to spend impulsively.

**3. Create a Realistic Budget**

A well-planned budget is your best defense against the pressures of social media. Know your income, track your expenses, and allocate funds towards your financial goals.

**Stick to It:** Make a commitment to stick to your budget. It’s okay to treat yourself occasionally, but make sure it’s within your financial means and aligned with your goals.

**4. Practice Gratitude**

Gratitude is a powerful tool in maintaining a healthy financial mindset. Focus on what you have and appreciate the small victories along your financial journey.

**Daily Gratitude:** Take a few moments each day to reflect on what you’re grateful for. This can shift your focus from what you lack to what you have, making you less susceptible to social media envy.

**5. Follow Financial Role Models**

Instead of following influencers who promote extravagant lifestyles, seek out financial role models who offer practical advice and inspiration for achieving financial success.

**Positive Influence:** Follow accounts that provide value, such as financial literacy tips, budgeting advice, and success stories of people who’ve achieved financial independence. These accounts can motivate and educate you, helping you stay on track.

**6. Limit Social Media Time**

Spending too much time on social media can negatively impact your mental health and financial well-being. Set boundaries to limit your exposure.

**Digital Detox:** Schedule regular breaks from social media. Use this time to engage in activities that bring you joy and fulfillment, such as reading, exercising, or spending time with loved ones.

**7. Be Honest with Yourself**

Be honest about your financial situation and the impact of social media on your spending habits. Acknowledge any areas where you might be overspending or feeling pressured to keep up with others.

**Self-Reflection:** Regularly assess your financial health and make adjustments as needed. Being honest with yourself is the first step towards making positive changes.

**8. Celebrate Your Financial Wins**

Celebrate your financial milestones, no matter how small. Recognizing your achievements can boost your confidence and keep you motivated.

**Reward Yourself:** When you reach a financial goal, reward yourself in a way that doesn’t derail your progress. It could be a small treat or a fun experience that fits within your budget.

**Conclusion**

Navigating the world of social media while maintaining your financial sanity is all about perspective and balance. Remember, your financial reality is unique to you, and it’s perfectly okay to live within your means. By setting clear goals, sticking to a budget, and practicing gratitude, you can enjoy social media without letting it dictate your financial decisions.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Separate Social Media vs. Your Financial Reality appeared first on Your Pretty Pennies.

**How To Realistically Pay Off Your Student Loan Debt** Nov 14, 2017

Student loan debt can feel like a heavy burden, but it doesn’t have to hold you back from living your best life. Whether you’re just starting to pay off your loans or you’ve been chipping away at them for a while, having a realistic plan can make all the difference. Let’s dive into some practical, sassy, and professional strategies to help you tackle that student loan debt and reclaim your financial freedom.

**1. Understand Your Loans**

First things first, know what you’re dealing with. Gather all your loan information – federal, private, and any others. Understand the terms, interest rates, and repayment options for each loan. Knowledge is power, and knowing the details will help you make informed decisions.

**Organize Your Loans:** Create a spreadsheet or use a loan tracking app to keep all your loan information in one place. Include loan balances, interest rates, and due dates.

**Check Interest Rates:** Identify which loans have the highest interest rates. These are the ones you’ll want to focus on paying off first to save money on interest over time.

**2. Create a Budget and Stick to It**

A solid budget is your best friend when it comes to paying off debt. Knowing where your money is going helps you allocate more funds towards your student loans.

**Track Your Spending:** Use budgeting apps or a good old-fashioned notebook to track your expenses. Identify areas where you can cut back – maybe fewer takeout meals or reducing your shopping splurges.

**Allocate Extra Funds:** Funnel any extra money – like bonuses, tax refunds, or side hustle income – directly towards your student loans. Every little bit helps.

**3. Choose the Right Repayment Plan**

If you have federal student loans, you have several repayment options. Choose the one that best fits your financial situation.

**Standard Repayment Plan:** Fixed monthly payments for up to 10 years. This plan will get you out of debt the fastest and save you the most money in interest.

**Income-Driven Repayment Plans:** Payments are based on your income and family size. These plans can lower your monthly payments but may extend the repayment period, resulting in more interest paid over time.

**4. Make Extra Payments**

Paying more than the minimum can significantly reduce your loan balance and the interest you’ll pay over time.

**Bi-Weekly Payments:** Instead of making one monthly payment, split your payment in half and pay every two weeks. This results in an extra payment each year without much extra effort.

**Target High-Interest Loans:** Focus on paying off the loans with the highest interest rates first. This strategy, known as the avalanche method, will save you the most money in the long run.

**5. Take Advantage of Loan Forgiveness Programs**

If you work in public service or certain other fields, you might qualify for loan forgiveness programs.

**Public Service Loan Forgiveness (PSLF):** Available for those who work in government or non-profit organizations. After 120 qualifying payments, the remaining balance on your federal loans is forgiven.

**Teacher Loan Forgiveness:** Available for teachers who work in low-income schools. You could have up to $17,500 of your loans forgiven.

**6. Stay Motivated and Seek Support**

Paying off student loans is a marathon, not a sprint. Stay motivated by celebrating small victories along the way.

**Set Milestones:** Break down your debt into smaller, manageable goals. Celebrate when you hit each milestone.

**Find a Support System:** Join online communities or find friends who are also paying off debt. Sharing experiences and tips can keep you motivated.

**Final Thoughts**

Paying off your student loans might seem daunting, but with a realistic plan and some determination, you can do it. Stay organized, budget wisely, and take advantage of all the tools and resources available to you. Remember, you are in control of your financial future, and every step you take brings you closer to freedom.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Realistically Pay Off Your Student Loan Debt appeared first on Your Pretty Pennies.

**The 5 Components Of A Successful Financial Plan** Nov 13, 2017
Creating a successful financial plan is like crafting the perfect recipe – you need the right ingredients in the right amounts to achieve your desired result. Today, we’re diving into the five essential components of a successful financial plan. Whether you’re just starting out or looking to refine your current strategy, these components will set you on the path to financial success. Let’s get into it!

**1. Budgeting: The Foundation of Financial Success**

A solid budget is the backbone of any successful financial plan. It’s where you outline your income, expenses, and financial goals. Budgeting helps you understand where your money is going and ensures you’re making the most of every dollar.

**Track Your Spending:** Start by tracking your spending for a month. Use apps, spreadsheets, or good old pen and paper to record every expense. This will give you a clear picture of your financial habits.

**Categorize Expenses:** Divide your expenses into categories like housing, groceries, entertainment, and savings. This helps you see where you might be overspending and where you can cut back.

**Set Spending Limits:** Based on your income and financial goals, set realistic spending limits for each category. Stick to these limits to avoid overspending and ensure you’re saving enough.

**2. Savings: Your Financial Safety Net**

Savings are crucial for building a secure financial future. Whether it’s for an emergency fund, a dream vacation, or retirement, having a robust savings plan is essential.

**Emergency Fund:** Aim to save 3-6 months’ worth of living expenses in an easily accessible account. This fund is your safety net for unexpected events like medical emergencies or job loss.

**Short-Term Savings:** Set aside money for short-term goals like vacations, home improvements, or a new gadget. This prevents you from dipping into your emergency fund or going into debt.

**Long-Term Savings:** Focus on long-term goals like buying a home or retirement. Consider high-yield savings accounts or investment options to grow your money over time.

**3. Investing: Growing Your Wealth**

Investing is how you make your money work for you. It’s essential for building wealth and achieving long-term financial goals. Diversify your investments to minimize risk and maximize returns.

**Stocks and Bonds:** Invest in a mix of stocks and bonds. Stocks offer growth potential, while bonds provide stability. Balancing these can help you achieve your financial goals.

**Mutual Funds and ETFs:** These investment vehicles pool money from multiple investors to invest in a diversified portfolio. They’re a great way to diversify your investments without needing to pick individual stocks.

**Retirement Accounts:** Contribute to retirement accounts like a 401(k) or IRA. Take advantage of employer matches and tax benefits to grow your retirement savings.

**4. Insurance: Protecting What Matters**

Insurance is all about protecting yourself and your loved ones from financial hardship. It’s an essential part of any financial plan, providing peace of mind and financial security.

**Health Insurance:** Ensure you have adequate health insurance coverage to protect against high medical costs.

**Life Insurance:** If you have dependents, life insurance can provide financial support for them if something happens to you.

**Home and Auto Insurance:** Protect your property and assets with comprehensive home and auto insurance policies.

**5. Estate Planning: Securing Your Legacy**

Estate planning isn’t just for the wealthy – it’s essential for anyone who wants to ensure their wishes are honored and their loved ones are taken care of.

**Will:** A will outlines how your assets should be distributed after your death. It’s crucial for ensuring your wishes are followed and avoiding family disputes.

**Power of Attorney:** Assign someone to make financial and medical decisions on your behalf if you become unable to do so.

**Beneficiary Designations:** Regularly update the beneficiaries on your financial accounts and insurance policies to reflect your current wishes.

**Wrapping It All Up**

Creating a successful financial plan involves budgeting, saving, investing, securing insurance, and planning your estate. By focusing on these five components, you’ll build a strong financial foundation that supports your goals and dreams. Remember, your financial journey is unique, so tailor your plan to fit your lifestyle and aspirations.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post The 5 Components Of A Successful Financial Plan appeared first on Your Pretty Pennies.

**Earning More Money Quickly vs. Building A Business** Oct 31, 2017
Life is all about choices, and when it comes to your financial journey, deciding between earning more money quickly and building a business is a major one. Both paths have their perks and challenges, so let’s break it down and help you figure out which route might be best for you.

**The Quick Cash Route**

Sometimes you need to boost your bank balance fast – and that’s okay! Here’s how you can earn more money quickly without diving headfirst into business ownership.

**1. Side Hustles:**

**Freelancing:** Use your skills to offer services like writing, graphic design, consulting, or virtual assistance. Platforms like Upwork, Fiverr, and LinkedIn are great places to start.

**Gig Economy:** Consider driving for ride-sharing services, delivering food, or offering home cleaning services. These gigs offer flexibility and quick payouts.

**2. Selling Unused Items:**

**Declutter and Profit:** Sell clothes, electronics, or furniture you no longer need on platforms like eBay, Poshmark, or Facebook Marketplace. You’d be surprised how much cash you can make from things just lying around!

**3. Part-Time Jobs:**

**Seasonal Work:** Look for seasonal jobs during peak times (like retail during the holidays or summer festival work). These can provide a substantial income boost in a short period.

**4. Online Courses and Tutoring:**

**Share Your Knowledge:** If you’re an expert in a subject, offer tutoring services or create an online course. Websites like Teachable and Udemy make it easy to reach students worldwide.

**Pros of Quick Cash:**

**Immediate Income:** Perfect for covering sudden expenses or boosting your savings quickly.

**Flexibility:** Most quick cash opportunities allow you to work on your own schedule.

**Cons of Quick Cash:**

**Limited Growth:** Quick cash methods often have a cap on earnings.

**Temporary Solution:** These methods don’t typically provide long-term financial security.

**The Business Building Path**

Building a business is like planting a tree – it takes time to grow, but the long-term benefits can be substantial. Here’s why investing in your own business might be the right move.

**1. Long-Term Wealth:**

**Equity and Value:** Owning a business means you’re building an asset that can increase in value over time. This can lead to significant wealth accumulation.

**2. Control and Passion:**

**Be the Boss:** When you build a business, you’re in control. You set the vision, the goals, and the culture. Plus, you get to pursue something you’re passionate about.

**3. Financial Freedom:**

**Unlimited Potential:** Unlike quick cash jobs, a successful business can provide unlimited income potential. As your business grows, so does your earning capability.

**4. Creating Opportunities:**

**Impact:** Your business can create jobs, support your community, and make a meaningful impact in your industry. You’re not just making money; you’re making a difference.

**Pros of Building a Business:**

**Sustainable Income:** A successful business can provide a steady and substantial income for years to come.

**Personal Fulfillment:** Building something from the ground up and watching it succeed brings immense satisfaction and pride.

**Cons of Building a Business:**

**Time-Consuming:** Growing a business takes time, effort, and often a lot of trial and error.

**Initial Investment:** Starting a business typically requires some upfront investment, whether it’s money, time, or both.

**Which Path is Right for You?**

Choosing between earning more money quickly and building a business depends on your immediate needs and long-term goals.

**Short-Term Needs:** If you need money quickly to pay off debt, handle an emergency, or boost your savings, focusing on quick cash methods might be your best bet.

**Long-Term Vision:** If you’re looking for financial freedom, personal fulfillment, and the chance to create something lasting, investing time and resources into building a business could be the right choice.

Remember, your journey is unique, and there’s no one-size-fits-all answer. Some fabulous entrepreneurs start with quick cash jobs to fund their business dreams. Others dive straight into building their empire. Whatever path you choose, stay focused, stay fabulous, and keep shining. Your financial future is bright!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Earning More Money Quickly vs. Building A Business appeared first on Your Pretty Pennies.

**How To Create S.M.A.R.T. Goals Based On Your Purpose and Passions** Oct 25, 2017
Today, we’re talking about a topic that’s close to my heart: setting S.M.A.R.T. goals that align with your purpose and passions. As ambitious, driven women, we have big dreams and bold visions. But how do we turn those dreams into reality? The answer lies in creating goals that are Specific, Measurable, Achievable, Relevant, and Time-bound – S.M.A.R.T. goals!

**S.M.A.R.T. Goals: What and Why?**

S.M.A.R.T. goals are like your personal roadmap to success. They provide clarity, direction, and motivation, ensuring you stay on track and make steady progress. Here’s how to craft S.M.A.R.T. goals that resonate with your unique purpose and passions:

1. **Specific: Zero in on Your True Desires**

Your goals need to be crystal clear. Vague goals lead to vague results. Be specific about what you want to achieve and why it matters to you.

**Ask Yourself:** What exactly do I want to accomplish? Why is this goal important to me? How does it align with my purpose and passions?

**Example:** Instead of saying, “I want to save money,” try, “I want to save $5,000 over the next year to start my dream business.”

2. **Measurable: Track Your Progress**

Goals need to be measurable so you can track your progress and celebrate your achievements. It’s all about those little milestones that keep you motivated.

**Ask Yourself:** How will I know when I’ve achieved this goal? What milestones can I set along the way?

**Example:** If your goal is to get fit, a measurable target could be, “I want to lose 15 pounds in six months by working out three times a week and following a healthy diet.”

3. **Achievable: Set Realistic Expectations**

While dreaming big is essential, your goals should also be realistic and attainable. Setting goals that are too far out of reach can lead to frustration and burnout.

**Ask Yourself:** Is this goal attainable given my current resources and constraints? What steps do I need to take to achieve it?

**Example:** If you’re aiming to write a book, a more achievable goal might be, “I will write one chapter per month for the next year.”

4. **Relevant: Align with Your Purpose and Passions**

Your goals should be relevant to your life’s purpose and passions. This alignment ensures that you remain dedicated and enthusiastic about your journey.

**Ask Yourself:** Does this goal matter to me? How does it contribute to my long-term objectives and passions?

**Example:** If you’re passionate about community service, a relevant goal could be, “I will volunteer at a local shelter for 10 hours a month.”

5. **Time-bound: Set a Deadline**

Every goal needs a target date. Deadlines create a sense of urgency and help you stay focused.

**Ask Yourself:** When do I want to achieve this goal? What can I do today, next week, and next month to move closer to my goal?

**Example:** If you’re looking to learn a new skill, you might set a goal like, “I will complete an online marketing course by December 31st.”

**Connecting Goals to Your Purpose and Passions**

To ensure your goals are meaningful and motivating, they must be connected to your core values and passions. Here’s how to infuse your goals with purpose:

Reflect on Your Passions:

**Identify Your Passions:** What activities, causes, or topics light you up? What do you love doing, even if you’re not paid for it?

**Align Goals with Passions:** Make sure your goals reflect what you’re passionate about. If you love art, your goal might be to hold an art exhibition or sell your pieces online.

Understand Your Purpose:

**Define Your Purpose:** What impact do you want to have on the world? What legacy do you want to leave behind?

**Purpose-Driven Goals:** Craft goals that support your broader mission in life. If your purpose is to empower others, set goals that involve mentoring, coaching, or community outreach.

**Putting It All Together**

Creating S.M.A.R.T. goals that are backed by your purpose and passions is a game-changer. It transforms your dreams into actionable steps and keeps you motivated through the inevitable ups and downs.

Remember, you have the power to turn your vision into reality. Stay specific, measure your progress, set realistic targets, ensure relevance, and give yourself a timeline.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Create S.M.A.R.T. Goals Based On Your Purpose and Passions appeared first on Your Pretty Pennies.

**Here’s Why It Is Important To Know Your Purpose and Desires To Manage Money Well** Oct 24, 2017
Let’s get real for a minute. Managing money isn’t just about crunching numbers and making budgets. It’s about understanding your purpose and desires, and using your financial resources to live the life you truly want. When you align your financial decisions with your core values and dreams, you set yourself up for true financial empowerment and success. Let’s dive into why knowing your purpose and desires is essential to managing your money well.

**1. Clarity and Focus**

Knowing your purpose gives you clarity and focus. When you’re clear about what you want out of life – whether it’s traveling the world, buying a home, starting a business, or retiring early – you can create a financial plan that supports those goals.

**Set Clear Goals:** With your purpose in mind, set clear, specific financial goals. These goals will act as your roadmap, guiding your spending, saving, and investing decisions.

**Avoid Distractions:** Clarity helps you avoid distractions and stay on track. When you know what you’re working towards, it’s easier to say no to unnecessary expenses and yes to opportunities that bring you closer to your goals.

**2. Motivation and Discipline**

Managing money requires discipline, and that discipline is fueled by motivation. Your desires and dreams are the best motivators.

**Stay Inspired:** When the going gets tough, remind yourself of your dreams. Visualize the life you want and let that vision inspire you to stick to your budget, save diligently, and invest wisely.

**Celebrate Milestones:** Celebrate the small victories along the way. Each step you take towards your goal, whether it’s paying off a debt or hitting a savings target, is worth celebrating. These milestones keep you motivated and committed.

**3. Intentional Spending**

When you understand your purpose, you become intentional about how you spend your money. You start to see every dollar as a tool to create the life you desire.

**Prioritize Your Spending:** Focus your spending on what truly matters to you. If traveling is your passion, prioritize your budget to allow for travel. If starting a business is your dream, allocate funds towards that goal.

**Cut Out the Unnecessary:** Knowing your desires helps you distinguish between needs and wants. It becomes easier to cut out unnecessary expenses that don’t align with your purpose, freeing up more money for what truly matters.

**4. Long-Term Perspective**

Understanding your purpose and desires gives you a long-term perspective on your finances. You’re not just thinking about the next paycheck, but about building a future that fulfills you.

**Think Beyond Today:** A long-term perspective encourages you to save and invest for the future. It’s not just about the immediate gratification but about creating lasting wealth and security.

**Plan for Life Changes:** Life is full of changes. Knowing your purpose helps you plan for major life events like marriage, children, career changes, and retirement, ensuring you’re financially prepared for whatever comes your way.

**5. Financial Confidence**

When your financial decisions align with your purpose and desires, you gain confidence in your financial journey. You know why you’re making certain choices, and you trust that they’re leading you towards your goals.

**Empowered Decisions:** Financial confidence comes from making informed, purposeful decisions. You’re in control of your finances, and you’re making choices that empower you.

**Peace of Mind:** There’s a sense of peace that comes from knowing your money is working towards your dreams. You’re not just surviving; you’re thriving and building the life you want.

**In Conclusion**

Knowing your purpose and desires is the key to managing your money well. It brings clarity, motivation, intentionality, a long-term perspective, and financial confidence. Your financial journey is unique, and it should reflect your values and dreams. Take the time to explore what truly matters to you, and let that guide your financial decisions. When you align your money with your purpose, you unlock the power to create a life that’s not only financially secure but deeply fulfilling.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Here’s Why It Is Important To Know Your Purpose and Desires To Manage Money Well appeared first on Your Pretty Pennies.

**How To Monitor Your Credit Report for Identity Theft** Sep 09, 2017

Identity theft is no joke, and protecting your credit is crucial. In a world where digital transactions are the norm, keeping an eye on your credit report is like guarding your crown jewels. Today, we’re diving into how you can monitor your credit report for identity theft and keep your finances secure. Let’s get into it!

**Why Monitoring Your Credit Report Matters**

Your credit report is a snapshot of your financial health. It includes information on your credit accounts, payment history, and any inquiries into your credit. If someone steals your identity, they can wreak havoc on your credit by opening accounts in your name, running up debts, and leaving you with the mess. Regularly monitoring your credit report helps you catch fraudulent activity early and take action before it spirals out of control.

**Step 1: Get Your Free Credit Reports**

First things first, get your hands on your credit reports. You’re entitled to a free credit report from each of the three major credit bureaus – Equifax, Experian, and TransUnion – once every 12 months through AnnualCreditReport.com. During the pandemic, you can get free weekly reports, so take advantage of this opportunity to keep a close watch.

**Equifax:** Equifax.com

**Experian:** Experian.com

**TransUnion:** TransUnion.com

**Step 2: Review Your Reports Thoroughly**

When you receive your credit reports, it’s time to roll up your sleeves and review them with a fine-tooth comb. Here’s what to look for:

**Personal Information:** Check that your name, address, and Social Security number are correct. Any unfamiliar information could be a red flag.

**Credit Accounts:** Look at each account listed. Verify that they are all accounts you opened and recognize. Watch out for unfamiliar accounts.

**Inquiries:** Review the inquiries section to see who has accessed your credit report. If you don’t recognize an inquiry, it could indicate someone is trying to open credit in your name.

**Public Records:** Ensure there are no incorrect public records, such as bankruptcies or liens, which could affect your credit.

**Step 3: Set Up Credit Alerts and Monitoring Services**

Credit monitoring services can be a lifesaver. They alert you to changes in your credit report, helping you catch suspicious activity quickly. Many banks and credit card companies offer free credit monitoring services, or you can sign up with a dedicated service like Credit Karma or IdentityGuard.

**Credit Alerts:** Set up alerts for any significant changes to your credit report, such as new accounts or hard inquiries.

**Fraud Alerts:** If you suspect your identity has been stolen, place a fraud alert on your credit report. This makes it harder for identity thieves to open accounts in your name.

**Step 4: Freeze Your Credit**

A credit freeze is one of the most effective ways to prevent identity theft. It restricts access to your credit report, making it nearly impossible for thieves to open new accounts in your name. You can freeze and unfreeze your credit at any time, and it’s free to do so with all three credit bureaus.

**Equifax:** Equifax Credit Freeze

**Experian:** Experian Credit Freeze

**TransUnion:** TransUnion Credit Freeze

**Step 5: Act Quickly if You Spot Fraud**

If you find anything suspicious on your credit report, don’t panic – but act swiftly.

**Contact the Credit Bureaus:** Dispute any errors or fraudulent accounts with the credit bureaus immediately. They are required to investigate and correct any inaccuracies.

**Notify Your Financial Institutions:** Contact your bank, credit card companies, and any other financial institutions involved to alert them of the fraud. They can help secure your accounts and issue new cards if necessary.

**File a Report:** File a report with the Federal Trade Commission (FTC) at IdentityTheft.gov. This provides an official record of the identity theft and offers guidance on recovering from it.

**Stay Vigilant, Stay Secure**

Monitoring your credit report is an ongoing process. Set reminders to check your reports regularly, and stay proactive about securing your personal information. With these steps, you’ll be well-equipped to protect your credit and keep those identity thieves at bay.

Remember, your financial security is worth every bit of effort.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Monitor Your Credit Report for Identity Theft appeared first on Your Pretty Pennies.

**How To Attain Financial Freedom In 7 Steps | My Financial Freedom Pathway** Sep 08, 2017
Are you ready to take control of your financial destiny and live life on your terms? Financial freedom is more than just a dream – it’s a journey you can start today. With the right mindset, strategies, and a sprinkle of determination, you can attain financial freedom and build the life you’ve always wanted. Here’s my pathway to financial freedom in seven empowering steps.

**1. Define Your Financial Goals**

First things first, let’s get clear about what financial freedom means to you. Is it retiring early? Traveling the world? Starting your own business? Defining your financial goals gives you a roadmap to follow.

**Set Specific Goals:** Make your goals clear and specific. Instead of saying, “I want to save money,” try, “I want to save $10,000 for a down payment on a house in two years.”

**Write Them Down:** Put your goals in writing. This simple act makes them more tangible and holds you accountable.

**2. Create a Budget That Works for You**

Budgeting is the foundation of financial freedom. It’s not about restricting yourself – it’s about making your money work for you.

**Track Your Spending:** Start by tracking your expenses for a month. This helps you see where your money is going.

**Allocate Funds Wisely:** Categorize your spending and allocate funds for essentials, savings, and a little fun money. Remember, balance is key!

**3. Build an Emergency Fund**

Life happens, and when it does, you’ll want to be prepared. An emergency fund is your financial safety net.

**Start Small:** Aim to save at least $1,000 initially. Then, work towards building a fund that covers 3-6 months of living expenses.

**Automate Savings:** Set up automatic transfers to your emergency fund to make saving easier.

**4. Pay Off Debt Strategically**

Debt can be a major roadblock to financial freedom. Tackling it head-on will set you free.

**List Your Debts:** Write down all your debts, including interest rates and minimum payments.

**Choose a Strategy:** Use the snowball method (paying off smallest debts first) or the avalanche method (tackling highest interest debts first) to systematically pay off what you owe.

**5. Invest for the Future**

Investing is essential for growing your wealth and achieving long-term financial freedom.

**Start with Retirement Accounts:** Maximize contributions to your 401(k) or IRA. Take advantage of any employer matches – it’s free money!

**Diversify Your Portfolio:** Spread your investments across different asset classes like stocks, bonds, and real estate to minimize risk.

**6. Increase Your Income**

Boosting your income accelerates your path to financial freedom.

**Explore Side Hustles:** Consider freelancing, starting a small business, or monetizing a hobby. The extra cash can go straight into savings or investments.

**Invest in Yourself:** Enhance your skills through education and training to increase your earning potential.

**7. Stay Educated and Adaptable**

The financial world is constantly evolving, and staying informed will help you make smarter decisions.

**Read and Learn:** Follow financial blogs, listen to podcasts, and read books about personal finance and investing.

**Seek Professional Advice:** Don’t hesitate to consult with financial advisors or planners to get personalized guidance.

**Embrace Your Journey to Financial Freedom**

Remember, financial freedom is a journey, not a destination. Celebrate your milestones along the way, and don’t get discouraged by setbacks. Stay focused, stay fabulous, and keep moving forward.

**Mindset Matters**

Your mindset is a powerful tool on this journey. Cultivate a positive, abundance-focused attitude. Believe in your ability to achieve financial freedom and take proactive steps every day to make it a reality.

**Conclusion**

Attaining financial freedom is within your reach, queens. By defining your goals, budgeting wisely, building an emergency fund, paying off debt, investing for the future, increasing your income, and staying educated, you’ll pave the way to a financially free and fabulous life. So, put on your crown, take control, and start your journey to financial freedom today.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Attain Financial Freedom In 7 Steps | My Financial Freedom Pathway appeared first on Your Pretty Pennies.

**How To Uncover & Expose Negative Money Blocks** Aug 18, 2017
Today, we’re diving deep into a topic that’s often overlooked but incredibly important – uncovering and exposing those pesky negative money blocks. These are the hidden beliefs and attitudes about money that hold us back from achieving financial success. Let’s shine a light on them and reclaim our financial power!

**Understanding Money Blocks**

First things first, what exactly are money blocks? These are the subconscious beliefs and feelings about money that limit our ability to attract and manage wealth. They can stem from childhood experiences, cultural influences, or personal traumas. Money blocks can manifest as fear, guilt, or a sense of unworthiness when it comes to money.

**1. Identify Your Money Blocks**

The journey to financial freedom starts with identifying these blocks. Here’s how to get started:

**Self-Reflection:** Take some quiet time to reflect on your financial journey. Ask yourself how you feel about money. Do you feel anxious, guilty, or undeserving of wealth? Journaling can help uncover these hidden emotions.

**Recognize Patterns:** Look at your financial habits. Do you struggle with saving, overspend, or avoid looking at your bank statements? These patterns can be clues to underlying money blocks.

**Listen to Your Self-Talk:** Pay attention to the things you say about money. Statements like “I’ll never be rich” or “Money is the root of all evil” are strong indicators of negative money beliefs.

**2. Understand the Source**

Once you’ve identified your money blocks, it’s time to understand where they come from:

**Childhood Influences:** Our early experiences with money often shape our beliefs. Reflect on what you learned about money from your parents or guardians. Were there constant money struggles or scarcity?

**Cultural Conditioning:** Society and culture play a big role in shaping our attitudes towards money. Think about the messages you’ve received from your community, religion, or media.

**Personal Experiences:** Personal traumas, such as losing a job or going through a financial crisis, can leave deep-seated money blocks. Acknowledge these experiences and their impact on your current beliefs.

**3. Challenge and Reframe Negative Beliefs**

Now that you’ve uncovered the source of your money blocks, it’s time to challenge and reframe them:

**Question Your Beliefs:** Ask yourself if your money beliefs are really true. For example, if you believe that money is evil, think about all the good things money can do, like supporting your family or contributing to charitable causes.

**Replace Negative Thoughts:** Replace negative money thoughts with positive affirmations. Instead of saying, “I’ll never be rich,” say, “I am capable of creating wealth.”

**Visualize Abundance:** Spend a few minutes each day visualizing a life of financial abundance. Imagine yourself achieving your financial goals and feeling confident and secure.

**4. Take Empowered Action**

Transforming your money mindset requires action:

**Set Clear Financial Goals:** Define your financial goals and create a plan to achieve them. This gives you direction and purpose.

**Educate Yourself:** Knowledge is power. Educate yourself about personal finance, investing, and wealth-building strategies. The more you know, the more confident you’ll feel.

**Seek Support:** Don’t be afraid to seek support. Whether it’s a financial advisor, a money coach, or a supportive community, surrounding yourself with positive influences can make a big difference.

**5. Practice Gratitude and Generosity**

Cultivating an attitude of gratitude and generosity can help shift your money mindset from scarcity to abundance:

**Gratitude Journaling:** Keep a gratitude journal and write down things you’re grateful for, especially related to your financial situation. This helps you focus on the positives.

**Give Back:** Practice generosity by giving to others. Whether it’s donating to a cause you care about or helping someone in need, giving back can create a sense of abundance and fulfillment.

**Embrace Your Financial Power**

Uncovering and exposing negative money blocks is a powerful step towards financial freedom. By identifying, understanding, and challenging these blocks, you can reframe your beliefs and take empowered action towards creating the wealth and abundance you deserve.

Remember, your financial journey is yours to own. Embrace it with confidence, positivity, and a fierce determination to thrive.

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post How To Uncover & Expose Negative Money Blocks appeared first on Your Pretty Pennies.

**10 Actions I Took To Transform My Life and Finances** Aug 17, 2017

Today, I’m sharing a personal journey – the ten pivotal actions I took to transform my life and finances. If you’re ready to level up and take control of your destiny, these steps can guide you toward a brighter, more prosperous future.

**1. Set Clear Financial Goals**

First things first, I defined my financial goals. Whether it was paying off debt, saving for a home, or building an emergency fund, having specific targets kept me motivated. I wrote down my goals, made vision boards, and visualized my success daily. Clarity is power, and knowing exactly what I wanted to achieve set the stage for everything else.

**2. Created a Budget and Stuck to It**

I know, I know – budgeting isn’t glamorous, but it’s a game-changer. I tracked my income and expenses, categorized my spending, and identified areas where I could cut back. Apps like Mint and YNAB became my best friends. Sticking to my budget helped me control my spending and funnel more money toward my goals.

**3. Paid Off High-Interest Debt**

Debt can be a major drag on your finances. I tackled my high-interest debt first using the avalanche method, paying off the debt with the highest interest rate while making minimum payments on others. Watching those balances shrink was incredibly empowering and freed up money for other priorities.

**4. Built an Emergency Fund**

Life happens, and when it does, an emergency fund can be your financial lifeline. I set aside three to six months’ worth of living expenses in a high-yield savings account. This cushion gave me peace of mind and prevented me from dipping into my savings or going into debt when unexpected expenses arose.

**5. Invested in Myself**

Investing in yourself is one of the best decisions you can make. I took courses to enhance my skills, attended workshops, and read voraciously about personal development and finance. Knowledge truly is power, and the more I learned, the more confident and capable I became.

**6. Started Investing for the Future**

I opened a retirement account and started investing in stocks and index funds. It felt daunting at first, but I educated myself on different investment options and sought advice from financial experts. Consistent investing, even with small amounts, began to grow my wealth over time.

**7. Practiced Mindfulness and Gratitude**

Money is just one part of a fulfilling life. I incorporated mindfulness and gratitude practices into my daily routine. Meditating, journaling, and reflecting on the positive aspects of my life kept me grounded and focused on what truly mattered. This mindset shift helped me appreciate my journey and stay resilient during tough times.

**8. Built Multiple Income Streams**

Relying on a single source of income can be risky. I explored side hustles, freelancing, and passive income opportunities to diversify my earnings. This not only boosted my income but also provided a safety net in case one source dried up.

**9. Surrounded Myself with Like-Minded People**

Your environment influences your mindset and actions. I sought out mentors, joined financial communities, and connected with like-minded individuals who shared my goals and values. Their support, advice, and encouragement were invaluable on my journey.

**10. Gave Back**

Finally, I made giving back a priority. Whether it was donating to causes I cared about or volunteering my time, giving back created a sense of fulfillment and purpose. It reminded me that wealth isn’t just about accumulating money but also about making a positive impact on the world.

**Conclusion**

Transforming my life and finances took time, effort, and discipline, but it was worth every bit of the journey. These ten actions helped me build a strong financial foundation, achieve my goals, and create a life I love. If I can do it, so can you!

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post 10 Actions I Took To Transform My Life and Finances appeared first on Your Pretty Pennies.

**Easy Vs. Excellent Financial Choices: Which Path Will You Choose?** Jul 03, 2017

When it comes to managing our finances, we often find ourselves at a crossroads, staring down two paths: the easy choice and the excellent choice. While the easy choice may offer immediate gratification and less effort, the excellent choice leads to long-term financial health and prosperity. Let’s break down these two paths and see why choosing excellence is worth the extra effort.

**1. Budgeting: Quick and Dirty vs. Detailed and Diligent**

**Easy Choice:** Slapping together a rough budget in five minutes and hoping for the best.

**Excellent Choice:** Taking the time to create a detailed, realistic budget that accounts for all your income, expenses, savings, and goals.

Why Excellence Matters: A detailed budget is your financial roadmap. It helps you understand exactly where your money is going and where you can make adjustments. This level of diligence not only prevents overspending but also ensures you’re putting money towards your future goals.

**2. Saving: Bare Minimum vs. Consistent Commitment**

**Easy Choice:** Saving whatever’s left over at the end of the month, if anything at all.

**Excellent Choice:** Automating your savings so a portion of your income goes directly into savings and investment accounts before you even see it.

Why Excellence Matters: Automating your savings takes the guesswork out of the equation. It builds the habit of saving and ensures that you’re consistently working towards building an emergency fund, retirement savings, and other financial goals.

**3. Investing: Playing it Safe vs. Educated Risk-Taking**

**Easy Choice:** Sticking all your money in a low-interest savings account because it feels safe and familiar.

**Excellent Choice:** Educating yourself about different investment options and building a diversified portfolio that includes stocks, bonds, mutual funds, and real estate.

Why Excellence Matters: While savings accounts are safe, they don’t offer the growth potential that investing does. Educated risk-taking in investments can significantly increase your wealth over time. Diversifying your portfolio spreads risk and maximizes returns, paving the way for financial freedom.

**4. Spending: Impulse Buys vs. Thoughtful Purchases**

**Easy Choice:** Indulging in impulse buys because, hey, you deserve it, right?

**Excellent Choice:** Practicing mindful spending, prioritizing needs over wants, and considering the long-term value of your purchases.

Why Excellence Matters: Thoughtful spending helps you avoid debt and ensures your money is spent on things that truly matter. It aligns your purchases with your values and long-term financial goals, leading to greater satisfaction and financial stability.

**5. Debt Management: Minimum Payments vs. Aggressive Payoff Plan**

**Easy Choice:** Making only the minimum payments on your credit cards and loans because it’s easy and convenient.

**Excellent Choice:** Creating and sticking to an aggressive debt payoff plan that tackles high-interest debt first and frees you from financial burdens faster.

Why Excellence Matters: Paying off debt quickly saves you money on interest and reduces financial stress. An aggressive payoff plan helps you achieve financial independence sooner and allows you to redirect funds towards savings and investments.

**6. Insurance: Basic Coverage vs. Comprehensive Protection**

**Easy Choice:** Opting for the cheapest insurance policies because they’re easier on your wallet in the short term.

**Excellent Choice:** Investing in comprehensive insurance coverage that protects you, your family, and your assets in case of emergencies.

Why Excellence Matters: Comprehensive insurance provides peace of mind and financial security. It ensures that you’re covered in the event of accidents, illnesses, or other unexpected events, preventing significant financial setbacks.

**Choosing Excellence: The Path to Financial Empowerment**

Ladies, let’s be real – the excellent choices often require more effort, time, and sometimes a bit of sacrifice. But the rewards are undeniably worth it. By choosing excellence over ease, you’re investing in a future that’s financially secure and full of possibilities.

Remember, financial excellence isn’t about perfection. It’s about making informed, intentional decisions that align with your long-term goals. It’s about valuing your future self and taking steps today that will set you up for success tomorrow.

**Are you making the easy or excellent financial choices on the following list?**

– Going Into Debt vs Paying Cash
– Watching Television vs. Increasing Financial Literacy (Read books/ Listen To Podcast etc)
– Spend As You Earn vs. Creating A Financial Strategy and Monthly Budget
– Avoiding or Prolonging Being In Debt vs. Create A Debt Repayment Plan and Execute It
– Wasting Time vs. Audit Your Day and Use Time Wisely
– Spending Money vs Saving Money
– Continuously Working Entry Level Positions vs. Increase Your Value and Income In The Workforce
– Investing In Someone Else Personal Economy vs Investing In Your Own Personal Economy

**Would you like assistance with creating a personal finance plan?** Click here to apply for Financial Success Coaching with me!

Or…

**Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score?** Click here to enroll in The Financial Reset Online Academy.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

The post Easy Vs. Excellent Financial Choices: Which Path Will You Choose? appeared first on Your Pretty Pennies.

**5 Spending Guidelines To Keep You Within Budget** Jun 26, 2017

On my journey to financial freedom, I knew I had to replace bad spending habits with good ones so I could achieve my financial goals in a timely manner. So, I created spending guidelines for myself. These standards were key to me overcoming my impulsive spending habits. Please take a moment to read them and add the ones that will enhance your financial plan.

**Spending Guideline #1: I track my spending in my financial planner every Sunday.**

Write down what you have spent during the previous 7 days each week for three months the Monthly Expense Tracker page of The Ultimate Financial Planner. This exercise gives you more insight on your spending triggers and habits. You may find that you habitually spend too much in Target every Monday after work as a means to relieve stress. But if you don’t do this exercise, you wont be able to identify your habits and you wont be able to correct them.

**Spending Guideline #2: One “No Spend Week” per month.**

Create a “no spend week” for yourself once a month to show yourself that you do not need to spend money every day. You are very capable of just living your life without constantly depleting your bank account.

**Spending Guideline #3: I wait 24 hours before making large purchases.**

When you find items you would like to purchase, browse the store while holding onto them for 5-10 minutes. This technique will allow time to ponder and decide if you really want or need the items.

When online shopping, add the items that you want in the shopping cart and leave it there a few days. Again, this gives you time to check in with your emotions and decide if a larger purchase is a wise purchase.

Do not use shopping as a stress-relieving method. When you are in an emotional state, your judgment is poor and you are more likely to spend impulsively.

**Spending Guideline #4: I only shop with a limited amount of cash (the amount is determined each month in my budget). A debit/credit card does not come with me to the shopping malls.**

Using cash and leaving your debit card tucked away will deter you from overspending because most of your money is “inaccessible” to you. This technique helps you stick to your spending plan and forces you to choose which pieces of clothing you are going to purchase versus purchasing all of them.

**Spending Guideline #5: I am only allowed to shop if I have a list present. No browsing or window-shopping during this time of becoming financially free.**

Chances are if you did not go to the store or mall for the items in your cart, you don’t need them and you are spending impulsively.

Now I want to hear from you…

**Question: Do you currently have spending guidelines in place that keep you on track to achieving your financial goals? Leave your response in the comment section below.**

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

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The post 5 Spending Guidelines To Keep You Within Budget appeared first on Your Pretty Pennies.

3 Reasons Why You Can’t Stick To Your Monthly Budget Jun 23, 2017

As a financial coach and blogger, I receive a lot of questions, comments and concerns about creating and sticking to a monthly budget. And often times people give up with creating one because they don’t get the results they were expecting. If this sounds like you, keep reading because your budgeting breakthrough may come by the end of this post. There are three common reasons as to why you are not able to stick to your monthly budget and I have provided them below.

#1: You Don’t What A Budget Truly Is

A monthly budget is nothing more than a planning tool that helps you create the lifestyle you desire by planning out how you will use your money within a given time period. Nothing more, nothing less.

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Often times, I hear that creating a budget is restrictive and draining because it tells you what you can’t do with your money. I am here to tell you that if you feel or have felt this way, you were not budgeting correctly. If you can use a calendar to plan out your month, you can use a budget to plan out your payments.

#2: You Don’t Know How To Properly Create A Budget

Over the last 7 years, I can confidently say that I have used every budget template on the market and the only one that my clients and I absolutely swear by is a zero-based budget. It is a unique budgeting format because it allows you to assign 100% of the income you earn in a month to the monthly expenses you have to pay that month without dipping into what you already have saved in your savings account.

When done properly, your take-home pay minus your expenses will always equal zero (hence the name). So, if you are expecting to earn $2,500 this month after taxes and deductions, you will assign all $2,500 dollars to the monthly expense categories in your budget. I sometimes say to think of the zero to mean you have zero dollars to blow each month because every dollar that you receive has a job to do!

Click here to get my super simple 3-step budgeting process!

#3: You Don’t Recognize The Benefits of Budgeting Each Month

Let’s chat for a moment about the benefits of budgeting your money each and every month. That way when I meet you at a speaking event or within our Financially Free Society Facebook Group, you have no excuse as to why you haven’t created one.

The first benefit is you can clearly see your monthly income and expenses. You may be aware of how much you earn, but not how much you are spending within a month. This method allows you to clearly and quickly sees everything you need to pay for during the month, down to the dollar.

Also, it enables you to save and/or invest some money each and every month. Not only will your monthly budget include all of the monthly living expenses you need to pay for, it should also include saving and investing categories to ensure you are contributing to them monthly, as outlined in your financial plan. And don’t worry, saving and investing are going to be discussed in great detail in the posts to come.

Now I want to hear from you…

Question: Around what time of the month do you typically noticed that you have blown your budget – beginning, middle, or end? Leave your response in the comment section below.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

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Thank you so much for your support, and if you have yet to leave a rating or review, please leave me an honest one on iTunes, YouTube or below on the blog. I appreciate it!

The post 3 Reasons Why You Can’t Stick To Your Monthly Budget appeared first on Your Pretty Pennies.

Q&A: How To Use A Credit Card Wisely, Tips on Paying Off Credit Card Debt May 31, 2017

In this #TaraToldYou Episode, I answer two credit card questions from Valencia and Brittany.

Tips for using your credit card wisely:

Never exceed $50 per month on your credit card.
Pay off your balance in full immediately.
Use 20% or less of your credit limit.

Tips for paying off credit card debt:

Pay off all credit card debt smallest balance to largest balance (debt snowball).
If debt is in collections, negotiate a lump sum settlement.
Pay off the debt quickly and reassess to prevent it from happening again.

Please leave a comment below or let me know any questions you have. I’d love to hear what you think!

Please subscribe below to get automatic updates of my latest video blogs:

Thank you so much for your support, and if you have yet to leave a rating or review, please leave me an honest one on iTunes, YouTube or below on the blog. I appreciate it!

The post Q&A: How To Use A Credit Card Wisely, Tips on Paying Off Credit Card Debt appeared first on Your Pretty Pennies.