171 Jumpstart Your 2022 Financial Fitness With Paul Lawrence Vann

Now more than ever, it is better to set goals rather than
resolutions. As part of your goals ensure you set money goals,
the kind of which positions you to have your best financial year
ever.


Here are a few things to consider to jumpstart your 2022
financial goals:
Focus on your finances by establishing an annual budget for
2022Break down your paycheck and or income by using 50% for
essential expenses, 30% for nonessentials, and 20% for savings.Set
monetary goals by building your savings, most people don't have a
lot in savings, and inflation they are experiencing isn't helping
them at this timeA good goal is to save $2,500, a rainy day fund
and it positions you to start investing, this will represent six
months of savingPay off your credit card debts, student loansUse
the avalanche method which consists of paying off high-interest
rate debtsConsider using the snowball payment method which includes
paying off the smallest debt firstKnow the difference between good
debt and bad debtIf you are in over your head financially, the
first thing to do is to stop spending so much money, go on a
spending freeze, focus on your money goals and stop the financial
bleeding

I wish you well financially this year, make 2022 your best year
ever. Should you have questions contact Paul Lawrence Vann at
(800) 341-6719 or info@paulvannspeaks.com


Tune in to listen to episode 171 and more episodes at
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