October 2021 Newsletter
5 Personal Finance Tips That REALLY Work?
1. Create a Financial Calendar
Just like keeping a social calendar is important, it’s important to keep a financial calendar to make sure that you are checking all of your accounts and making sure that all of the balances are accurate. Sometimes there could be errors that occur on the company side so it’s important to keep an eye on your accounts on a regular basis.
2. Check Your Interest Rate
When we get a line of credit it’s usually in a situation where we need it or when we really want something like a new car and we forget to shop around for the best interest rate. Interest rates change all the time and it’s good practice to take a look at your interest rate to see if you can do better by refinancing.
3. Track Your Net Worth
You don’t have to be a millionaire in order to have a net worth. Everyone has a net worth and unfortunately for most people in the United States it is a negative net worth. You can turn this around by paying off your debts and earning more than you owe.
4. Set a Budget!
Budgets are extremely important in order to know where your money is going! A lot of people don’t know where to start with their budget. But it’s easier than it sounds! One method is to track down how much you’ve been spending and where you have been spending for the last 3 to 6 months. If you need help making a budget check out our Lifestyle Concierge Services! You can get a free consultation today.
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5. Consider an All-Cash Diet
If it’s difficult to keep track of your spending and you feel like you’re always out of money because it’s so easy to swipe your card at the register consider going on an all-cash diet (this just means you only use cash for all of your purchases).
Service Spotlight:
VeriAccount Tax Filing Services
Want to prepare early for your taxes don’t forget that VeriAccount has a tax filing service that could really help you cut down on all of the confusion and the waste of time that comes along with trying to figure out your tax situation we partner with a professional CPA to accomplish getting your taxes filed correctly and accurately call us today for a free consultation at 202-280-0722.
Happy fall! Stay cozy and safe!
Queretta Simms, CEO & Founder of VeriAccount
Phone: 202-280-0722
Email: communications@veriaccount.org