Don Chase & Sarah share helpful financial advice
-Sarah’s Financial Advice:
-The average American who’s saving money is saving just 15 minutes a day of their income, when they should be saving an hour.
-Live below your means: Planning for your recurring costs — like mortgage, rent, a car payment, and insurance — ensures that expenses won’t creep up on you and derail your financial future.
-Build an emergency fund
-Contribute to your company sponsored 401K (take advantage of the employer match)
-Pay off your credit card balance in full every month
-Pay off high interest debt first
-Track your spending
-Don’s Financial Advice:
-Start early. The earlier equals more money later
-Couples – Live on one income. Save the second income.
-If you want it, save for it and pay cash for it
-Mortgage payments: Make at least 1 extra payment per year to shorten the loan.