Quick Tips

Get your weekly 15 second tip fix. Destroying your debt doesn’t have to take hours. Watch our 15 second financial tips and then be on your merry way. These tips also air on KAKE-TV’s (ABC, Wichita, KS) regularly. More are added each week.

Follow along on social media at #moneypossible.

Planning & Setting Goals

Make a commitment to spend less than you earn. Make a list of your goals, making them as specific as possible. Picture your goal. Track your progress.

3 Step Budgeting

Step 1: Identify how you’re spending your money now. Step 2: Evaluate your current spending and set long-term financial goals. Step 3: Track your spending monthly and adjust if necessary.

Tracking Your Spending

You can’t save money, or pay down your debt, if you don’t know what you’re spending. Download an app or go old-school with paper, pencil and a worksheet.

Smart Uses For a Tax Refund

The average tax refund has been around $3,000. Don’t blow it. Pay off credit card debt. Boost your savings. Build your retirement fund. Or even invest in your home.

On Time Payments

By making credit card payments on time, you can save $30-35 per month in late fees which could free up an extra $500 a year.

Wasteful Spending

Wasteful spending is something that most people don’t think about. Things like buying name brand instead of a “just as good” generic brand or missing bill payments and paying late fees can add up.

Debt Warning Signs

While it may seem that your debt crept up on you, there are warning signs like revolving balances on your credit cards, no emergency fund or relying on payday loans to cover monthly bills.

Basic Money Management Skills

Get organized. Prioritize your debt. Track your spending habits. Create a monthly budget and stick to it. Make sure you ‘pay yourself.’

8 thoughts on “Quick Tips

  1. Pingback: Quick Tip: Planning and Setting Goals | Money Possible

  2. Pingback: Quick Tip: Smart Uses For a Tax Refund | Money Possible

  3. Pingback: Quick Tip: 3 Step Budgeting | Money Possible

  4. Pingback: Quick Tip: Track Your Spending | Money Possible

  5. Pingback: Quick Tip: On Time Payments | Money Possible

  6. Pingback: Quick Tip: Wasteful Spending | Money Possible

  7. Pingback: Quick Tip: Debt Warning Signs | Money Possible

  8. Pingback: Quick Tip: Basic Money Management Skills | Money Possible

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