Posts

Showing posts from December, 2020

Five tips for a financially healthy 2021

Image
Image source: forafinancial.com Although many desire to become financially independent, only some are ready to change their lifestyle. Being financially healthy exceeds maintaining a few savings accounts for different purposes. It takes a ton of practice and self-control to achieve financial independence. Steve Sorensen Networth. One should spend less than what they earn . It’s important to create a substantial gap between one’s income and spending in order to increase their savings. Sure, creating the gap is a huge challenge, but it definitely is possible. The key to spending less is to set up a budget . Having a budget in place prevents one from spending their money on unnecessary transactions. A budget can encourage a person to save and reach their financial goals. Steve Sorensen Networth . Image source: thehivelife.com Pay off debt aggressively . Don’t wait until the interest is much larger than the actual amount owed. Credit card debt is among the harshest financi