For our 75th episode of Money Talk with Skyler Fleming. My wonderful wife, Rebecca, and I went over 75 financial tips to help you out. Be sure to find your favorite one and go have a money talk about it with someone else! I hope this list helps you out. Please contact me if you have any questions about any of the topics!
Sinking funds are my favorite way to save
Budgeting is very important to consider and implement
You can save too much money
A written plan is one of the most important things to have
Automation is essential to sticking to a long-term plan
Credit cards are dangerous and not for everyone
Credit cards can be a very nice tool
Index funds are the way to go
Simple investing is happy investing
Look at your money in new ways and try out new ideas
Budgeting gets easier and easier as you go
It’s essential to work together with money if you’re living with someone
Talking about money is important for everyone
Create systems for your money
Accountability partners are very helpful
Make sure you are saving for retirement
Don’t try to learn everything all at once
Understand that behavior is a huge thing with money
Emotions play a role with money so don’t plan as if they don’t
Money impacts everyone's life in a lot of ways
Planning goes a long way. With money, meals, transportation, etc…
Discouraging salary discussions is a big red flag
The emergency fund is non-negotiable
Buy Now Pay Later is an old scam in new clothes that were probably bought with debt
Don’t make decisions immediately when it comes to money
Have a normal regular time to talk about and make decisions around money
The 50/30/20 budget rule can be a great starting point
You don’t have to be debt free to start investing
Being debt free can open up many opportunities
Meal planning can be a huge deal in your health and finances
Make your goals measurable
Track your expenses
Use an online tool like PC, Mint or YNAB
Go reusable
Don’t get name-brand items
Break up annual expenses into monthly savings
No spend weeks
Smart thermostats
Research well before you buy
The 24-hour rule
Get a 401K employer match
Save your received gift money
Take advantage of deals and free things
Pay more than the minimum payment on loans
Don’t pay credit card interest
Use credit cards wisely
Don’t go into too much debt
Avoid auto loans
Use high-yield online savings accounts
Buy larger/in bulk quantities.
Eliminate daily expenses
Use the GasBuddy app to find cheap gas
Drive slower and less aggressive
Shop around for deals
Shop your insurance regularly
Use the library for DVDs and entertainment
Bike more
Find free community events
Assess your childhood experience with saving money
Identify spending triggers
Check your credit report
Keep up on home maintenance. Especially windows
Shop gently-used clothing
Be open and honest about gift-giving expectations
Save for Christmas and Holiday Spending
Get annual checkups at the doctors
Exercise regularly
Cancel recurring subscriptions
Pay attention to work benefits
Don’t save your credit card information everywhere
Use free credit monitoring and ID theft services from banks and CUs
Sign up for free reward programs for the places you frequent
Have a will
HSA can be a great investing tool
Take care of your financial life before taking care of others
Money Talk with Skyler Fleming
Read more at skylerfleming.com/blog
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Email me at moneytalk@skylerfleming.com