$$$ "The biggest secret to financial success or success in any endeavor is to think further ahead than most people do." $$$
We had an awesome "Brown Bag" presentation today at the Sheriff's Office. A speaker came from Mountain West Credit Union came and gave us some great tips about finances. And he challenges us to NOT procrastinate change, but to take what we learned and apply it to ourselves.
Here were some of the tips that we learned:
1. Live a cash-only life. Get rid of any debt hanging over your head.
2. Invest properly. Look at your retirement, 401k, and bonds.
3. Spend within your means. Don't spend more than you make.
4. Save your money!
5. Talk to the professionals. Don't be afraid of them, it shouldn't be embarrassing, everyone is going through life and so talk it out with people that you trust.
6. Be aware of your accounts and potential identity threats.
7. Plan, plan, and plan. Divide your potential spending into short term, long term and future in order to better anticipate unexpected high spending.
8. Look at your interest rates and explore ways to lower them so you can pay off debts faster.
9. Consider your paydays a "celebration day". And reward yourself with a little bit of money.
10. If you earn a raise, don't spend more, save more money!
At the end of the presentation, he even gave away a $25 gift card! It was well worth the time! Think about what ways you can better your finances!
