Six Amazing Finance Tips to Better Your Money Habits in 2022

Your finances are a total personal journey. There are various ways to approach financial goals you may have because your goals are so personal. I wanted to share 6 tips with you on ways to make more money & manage your money in 2022 that are helping me reach my financial goals, in hopes that you will find these tips as helpful as I do!

Retirement will be the biggest expense of your life. It is best to plan ahead now to set yourself up to be independent. The earlier you start saving, the better off you will be! Besides retirement, having more money gives you more opportunities, especially as woman. We cannot talk about careers without chatting about money!

Just a reminder: I am just a normal person here to give you tips on what works best for me. I am not a financial advisor.

1.) Start with a cash-flow statement. How much money is coming in? How much is going out (bills, debt, spending)?

2.) Create a budget. Now that you know how much you need for bills, now you can allocate money properly. You can see where you can cut back on spending & start saving more!

3.) Pay yourself first. Automate money going into a savings account so you don’t even have to think about it. 50/30/20 Rule –> 50% of your income goes towards needs, 30% goes to wants, & 20% goes to saving/debt payment.

4.) Build an emergency fund. This should be 3-6 months of expenses.

5.) Save for a nice purchase, instead of taking a big chunk out of your paycheck, even if you have the money in the paycheck.

6.) Automate. It decreases your excuses & makes managing finances so much easier.

Bonus Tip.) Take care of yourself before you take care of others.

 

How to Better Your Finances in 2022

Welcome to episode number 15!!!!

This podcast is all about personal finance, careers, and side hustles as a multi-passionate person.

Here are some of the topics we will cover in today’s episode:

  • Managing your money in 2022
  • Planning for retirement early
  • Using money as a tool for more opportunities

Connect with me:

IG: https://www.instagram.com/simply.eddi/

Tik Tok: https://www.tiktok.com/@simplyeddi

LinkedIn: https://www.linkedin.com/in/eddianarosen/

READ THE SHOW NOTES AND ACCESS ALL LINKS MENTIONED IN THE EPISODE:

https://www.nerdwallet.com/investing/retirement-calculator

 

Must-know money management hacks!

 

 

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