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Today is Wealth Building Wednesday!  Are you on track to save your $1378 for the year? This week is week 11 of the year so it’s time to save $11. Haven’t been participating but wanna catch up? Just put $66 into a savings account you have minimal access too and you’ll be right on track with us! Wanna fast track your savings? Do multiples of $4 instead, e.g. $4 week 1, $8 week 2, $12 week 3 and so on. Get Exclusive Coaching specific to you by scheduling a consultation that will be tailored for your specific financial goals


Di$count Diva Tip #70- Save a Dollar Amount Based on the Week of the Year

It’s the beginning of the year and now is a great time to develop or increase your savings goals!  A great way is to save a dollar based on what week of the year it is.  For example, save $1 the first week of the Rae, $2 the second week, $3 the third week, etc. At this point, it’s the 3rd week of the year, so you should have $6 saved.  This way, you increase your savings every week, but it doesn’t feel like a drastic amount.  Employing this method will have you with over $1300 saved at the end of a year!


Di$count Diva Tip #69- Write Down & Break Down Goals

Goal setting is important for anyone trying to achieve anything and it is especially important when trying to achieve your financial goals.  One of the keys to goal setting is to write them down in order to make them real. Once you write them down, post them in a place you will see them daily, i.e. on your bathroom mirror or on the refrigerator.  You can even put a copy of your goals in your wallet, so every time you go to spend money, it will be a reminder of what you are working towards.  Once you write down your financial goals, break them down into small, easy to apply, achievable steps.  If your goal is to save $1000 a year, break that down into monthly, weekly, and even daily amounts. If it is to buy a house or start a business, what does that look like?  How much do you want to save in order to achieve this and what does that break down into on a monthly, weekly, and daily basis.  Once you do this, you will begin to see how your goals are coming true a lot more quickly.


Discount Diva Money Tip #68: Count up Your Costs

This applies to business and personal expenses. Sometimes, we can get in the habit of buying items because they are “cheap” saying to ourselves “This is only $2” or “I only ate out 2xs this week,” but if we are not paying attention, those “little expenses” can add up to “big money.” As a new business owner, I have to be careful not to just buy inventory because it’s inexpensive, if it is not needed and as a woman, I have to be careful not to buy new shoes because they’re inexpensive, if I’m not really in the market for any. Take time to review what “little expenses” you find yourself indulging in without thinking about them and take some time to Count up the Costs before you buy!


Discount Diva Money Tip #67: Short Term Sacrifice for Long Term Rewards

We live in a society of instant gratification. Everybody wants what they want, when they want it, and usually that’s right now. But what if by using delayed gratification you can wind up with a much greater reward? You can apply this to your life by deciding to do no spending for 30 days and see how much money you save up or if you are in business, committing to stay on a shoestring budget for a couple of years, foregoing vacations, yearly shopping sprees, or the usual shindigs you throw at your house. You could put yourself in a much better financial situation. At the end of the month of not spending, you may find you have saved up an extra $300-$500. By being on that shoestring budget for 2 years as a business sacrifice, your business may grow exponentially and put you in a financial position to take ANY vacation you want, any time you want! Pick something today you are willing to sacrifice for a greater financial future tomorrow!


Di$count Diva Money Tip #66- Create a “Me First Fund”

This isn’t quite what it sounds like.  The “Me First Fund” just ensures that you will pay yourself first before you pay anyone else.  This concept will put you in the mindset of paying yourself like you do a bill.  Just like you pay for your rent/mortgage, electricity, gas, cell phone, etc. put yourself on the list and pay yourself first.  If you get into this habit of funding your “Me First Fund” then you will always find a way to pay your other bills, but if you don’t adopt yourself as a bill then something will always come up to steal the money you planned to save.  In other words, save first, subtract it from you budget, and work with what’s left.    


Di$count Diva Money Tip #65- Be S.M.A.R.T.

In today’s economy more than ever, it is important to be S.M.A.R.T. about your spending.  Being S.M.A.R.T. is an acronym I created that means learning to be:

Savvy about Shopping by Saving Money

Managing your Money

Accumulating Assets and setting Achievable Goals

Retiring well and purchasing Real Estate

Traditional Investments

As Americans, we live in a society of consumers, but not one of savers, investors, business owners, and wealth builders. Don’t get caught up in a situation where you have all the fabulous clothes, eat at the most fancy restaurants, travel to the most exotic places, bur are broke.  Put yourself in a position to leave an inheritance to the next generation so they can start out better than you!