Debt Free Life Hacks: Managing Money Like a Boss

Words of Wisdom from a twelve-year-old. With a five-second countdown, I asked my twelve-year-old nephew to give me a topic to write about for the blog. He said that was too much pressure, so I turned around and gave him an additional three seconds. 😆The topic he came up with was to only spend money on necessary things. To say that I was impressed is an understatement.💕👍 First of all, many adults do not have this mentality, and if they don’t, it’s quite likely that their children are the same.  Adults who are responsible with money are likely to have children who are responsible with money. What does it mean to only spend on necessary things?  It means that once your basic needs are met, everything else is extra. Food , Clothing , Shelter, and Transportation are all important things. Beyond that, it’s easy to become a bit wasteful. We’re all guilty of it, but being mindful of how and why you’re spending helps you to gain more control. This does not mean that you should...

This year, I'm trying a new savings strategy. I'm still doing the 52-Week Money Challenge but also trying another that I saw online. Saving Strategy - Multiply the Month by Number of Days It is quite simple. You take the month number times the number of days in the month and that is the amount you save. For Example: January is the first month (1) and has 31 days. 1* 31= 31 so you save $31. February is the second month (2) and there are 29 day this year. 2*29=58 so you save $58.  This pattern continues through December. It's just that simple! A little savings every month and by the end of the year you have an extra $2,382.  The strategy may not work for everyone, but find one that works and stick to it. This year your challenge is to make saving a priority! 

Time is our most valuable asset, and once lost, we can never get it back. That’s why it’s so important to spend your time wisely and make sure your efforts are not in vain. In order to truly manage your money like a boss, you must be vigilant about knowing what goes in and what goes out. Having auto-bill pay is easy and convenient, just as long as you’re actually looking at the bills. It’s easy to miss a charge or charges otherwise. I recently made a call to my internet provider because a bill that is normally $50, was over two times higher, nearly $130. This HAD to be a mistake. There were charges for items and services that should have not been charged. While valuable time had to be spent calling the company, in the long run it was worth it. When all was said and done, the bill ended up being under $7. Had I not been paying attention,   I would have automatically paid the unusually high bill and that would have been the end. The point is to not be too busy being busy th...