Couple Money

Mastering Your Finances in Today’s Economy

own your financial game

In order to produce the podcast and keep content up free for you, I work with partners so this post may contain affiliate links. Please read my full disclosure for more info.

Learn how you can beat this economy by mastering your finances. Get tools and tips to easily set up your savings and invest for your future. 

It’s not impossible to handle your finances in this economy.Getting your finances under control is completely doable if you take it step by step.

Get a Snapshot of Your Finances

You have to be able to answer these questions with specific numbers, not estimates.

One of my favorite tools to pull that data quickly and easily is Personal Capital. We use to track our numbers.

It's free to sign up and they have a ton of tools to grow your wealth.

Once you have a clear picture of where you are, you can see what you need to improve on.

Be Too Valuable to Fire

You have to try and keep your employment as stable as you can. If you have already done so, start using the following tips to stay on board.

Even if your job downsizes, you've been up a rack of wins and recommendations you can take with you on your next job.

It'll also give you leverage in getting better pay when you negotiate.

Stash Your Cash Somewhere Safe

Once you reduce your expenses and have some money, protect it.

Keep the number of bank and retirement accounts to the minimum. It’ll be easier to keep track of your money.

For money that you may need in 5 years or less, don’t invest. Put the money in a money market fund or CD.

For your emergency funds keep it in a high interest savings account. Ideally you should have 3-6 months of expenses in your emergency fund.

Build up the emergency fund to the point that if you lose your job, you’re not immediately having a meltdown.

Tax returns, inheritance money, unexpected gifts…..when you receive “extra” income, deposit it straight into savings.

How to Build a Budget Quickly

Automate your finances as much as you can.

Your Take on Mastering Your Finances

What tips do you have on keeping your finances in check?

Exit mobile version