Leading with Cents

15: Don't Let Short Term Money become Long Term Problems

Listen Later
"Those who get rich quick, usually are not rich long" - Somebody Somewhere

So this is the time of the year where we see all the advertisements targeting your tax return or targeting your stimulus money from the government.
Businesses know how much you received through stimulus and they know that a majority of the people in the United States received some sort of tax refund from the IRS.
There are other cases that don’t apply to this time of the year exclusively, such as birthday money, graduation money, maybe you received an inheritance, or maybe you received a gift from a family member… who knows! How will you manage that money?

Money Marching Order Review
  1. Head Count- Budget/Will/Life Insurance
  2. Helmet Emergency Fund- $1-2k
  3. Debt Assault and 5% Blended Retirement System Match
  4. Body Armor- 3-6 months E-Fund from Pay Stub Net Pay
  5. Pension Plus- 10% if in BRS and under 30, 15% if in BRS under 30, and 15% if not in BRS
  6. Save/Invest 10% into NON-retirement savings/investments
  7. Assess College Needs- GI BIll/529 Plans etc
  8. House Purchase using at least 5% down.

    9. Connect with me:
    www.instagram.com/timmemak
    www.instagram.com/leadingwithcents
    [email protected]
    ...more
    View all episodesView all episodes
    Download on the App Store
    Leading with CentsBy Leading with Cents