JF Savings Strategy

The thing we must remember is spending on things we want, as pleasurable as it might be, is only temporary. This doesn’t mean that you should never spend money on “unnecessary” things, but you should never let it affect your financial well-being. Track your spending, identify where you can cut back, and control your spending — don’t let it control you.

Debt is NOT a life sentence.

Save Diligently!

Saving is making provisions for tomorrow. The most effective way to save is to do it every time you receive income. Save for both long-term and short-term needs. Long-term savings are intended to fund long-term needs such as retirement or for the college education of your kids. Short-term savings should be in an account that is easily accessible for your usual monthly expenses as well as your emergency funds.

“Precious treasure and oil are in a wise man’s dwelling, but a foolish man devours it.” (Proverbs 21:20, ESV)

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Success with money is more about what you DO with your money than how much you happen to know about money. It's not complicated, you've just got to take action.

Did you know that financial matters are mentioned in the Bible more often than prayer, healing, or mercy?

Read more: https://www.randelltiongson.com/why-is-money-mentioned-a-lot-in-the-bible/

Isaih 43:19 For I am about to do something new. See, I have already begun! Do you not see it? I will make a pathway through the wilderness. I will create rivers in the dry wasteland.

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Sa kanya ka makinig, papautangin ka naman niya diba? 😏😂

Sowing good seeds today will bring a bountiful harvest tomorrow. It doesn’t have to be big but what matters is you decide to take your first step today to secure your bright future. 👌👍😊

For details you can click the link below. 👇👇
https://www.facebook.com/JFSavingsStrategy/

or pm me on my personal FB account
m.me/dyoseph19

Once you've saved a $1,000 starter emergency fund, it's time start paying off debt.
Make minimum payments on all of your debts except the smallest one. Pay everything you can toward it until it's gone. Then, take the payment you were making on that, plus the extra money you were putting toward it, and attack the next smallest debt. Suddenly, momentum will start to build and you'll be paying off debt SO much faster than you ever thought you could.

While you're working toward paying off debt, pause all saving and any investing you were doing before you started. FOCUS is a huge key to this plan. If you do too many things at once, you'll get nothing accomplished. You need to direct all of your attention to what you're working on. This isn't forever. You won't lose a ton of traction on investing or saving - this is only temporary until the debt is gone. You're setting yourself up to be able to do those things with even more of an impact later.

Friendly reminder…

Whatever your goals are, you have to become a no-nonsense investor, because great investment opportunities can be like losing poker games if one does not pay full attention to what is going on. I also caution many people against putting everything they have in a risky investment, because you should only take risks when you already have savings and non-risky investments to fall back on.