Money Monday 5/17/21
A huge portion of maintaining a healthy & positive lifestyle is to maintain a healthy & positive bank account. Money management skills are critical to the lifeline of a surviving operation. As Black Men, we must manage and monitor every dollar that flows in and out of our accounts. We have to obligate ourselves to come up with a plan to treat each dollar of income as if it was an employee of yours and make that bill work for you in return. The secret is out. The key to financial freedom is ensuring that your expenses do not outweigh your earnings. But how can you limit the amount of your expenses? Today we will brush the surface of a few bullet points but will dig deeper in an upcoming Episode.
Car notes & vehicle expenses
Monthly Subscription Services
Cellphones
Dining Out
Sin Tax Items
Bargain Shopping
Limit Utility Usage
Multi Surface Cleaning Supplies
Unnecessary Purchasing & Financing
Impulse Buying
By monitoring a few of these items you will start leaving more money in your account. You can truly maximize what you save stopping the financial bleed. Once we find a way to patch the holes in our finances, we start to sleep a little better at nights and start beginning the race to financial freedom.
