Well, are you about to freak out yet?
Why?
Because we are about a week away from Christmas and the spending is in full force right about now. In fact, did you know the average American family will spend over $845 in 2018 and closer to $1,000 in 2019?!
I am not saying you shouldn’t spend that much this Christmas. I say if you have the money and want to spend it - by all means, go right ahead!
But what if you don’t have the money? What if the holiday season sneaks up on you and the only option is to put it all on a credit card? If you remember from last year, this means you’ll be making credit card payments for Christmas in July.
The Solution: This week I am sharing with you our little SAVINGS HACK for the big expenses in life. Christmas, vacations, emergencies, new cars or any other big expense you can anticipate.
If you start what we are talking about this month, you’re going to really enjoy spending money this time next year because you’ll have the money set aside.
And when the vacation comes up you want to go on, you’ll have the money set aside.
Or when the hot water heater goes out, you’ll have the money set aside.
Whatever large expenses you have, you’ll have the money set aside.
Mentioned in the show:
Best Online Banks:
CIT Savings Builder - 2.55% APY when you save $100/month OR have a balance of $25,000
https://www.moneypeach.com/citsavingsbuilder
CIT High Yield Savings - 1.55% APY when you open an account with $100 minimum balance
https://www.moneypeach.com/citsavings
**The links above are affiliate links. This means Money Peach is a partner with CIT Bank and they can send a commission for using one of the above links. It doesn’t cost anything more or less for you but allows Money Peach to fund this podcast. Thank-you for your support!
All the show notes, links and anything else I mentioned can be found at https://www.moneypeach.com/session122
EP173: What is a Health Savings Account?
EP172: Help! I Have IRS Problems - What Are My Rights?
EP171: Should I Lease a Car or Get an Auto Loan?
EP170: How Does a Cash-Out Refi Work and is it Right for Me?
EP169: What is "Infinite Banking" and is it a Scam?
EP168: Building Wealth through Multifamily Real Estate Investing with Gino Barbaro
EP167: How to Create Digital Cash Envelopes with Ryan Clark
EP166: How to Open a Brokerage Account
EP165: Passive Income via Hard Money Lending
EP164: What is the BEST Mortgage For Me Right Now?
EP163: Financial Independence in Her 30s with Diania Merriam
EP162: How Does a HELOC Work and Is It Right for Me?
EP161: The 50/30/20 Budget For Those Who Like Simple
EP160: The Most Important Part of Your Money You Aren't Doing Right
EP159: Should I Buy a New Car? (The REAL Costs Broken Down)
EP158: How to Finally STOP Living Paycheck to Paycheck
EP157: How to Use Profit First in Your Biz or Side Hustle
EP156: How I'm Picking Winning Stocks that Beat the Market
EP155: The 4 BEST Retirement Investment Accounts in 2021
EP154: How to Get Started Investing in 2021
Create your
podcast in
minutes
It is Free
The Meaningful Life with Andrew G. Marshall
Heal, Survive & Thrive!
A Voice In The Darkness
BPLUS بیپلاس پادکست فارسی خلاصه کتاب
The Jordan Harbinger Show