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By Tara Jones: Online Entrepreneur, Blogger, Personal Finance Coach and Lifestyle Designer
4.6
1717 ratings
The podcast currently has 80 episodes available.
Spring is in the air, and you know what that means – time for a fresh start! While we’re busy tidying up our homes and wardrobes, let’s not forget about our finances. It’s the perfect season for a little financial spring cleaning. Today, we’re diving into the nitty-gritty of updating your beneficiaries, policies, and tax withholdings. Trust me, your future self will thank you!
Why Updating Your Beneficiaries Matters
Life changes, and so should your beneficiary designations. Whether it’s due to marriage, divorce, the birth of a child, or simply changing relationships, keeping your beneficiaries up to date ensures your assets go where you want them to when the time comes.
Reviewing and Updating Policies
Next up, let’s talk policies – life insurance, health insurance, and any other coverage you have. Policies need to be reviewed periodically to ensure they still meet your needs.
Adjusting Tax Withholdings
Taxes might not be the most exciting topic, but getting your withholdings right can make a big difference in your financial health. Nobody wants a surprise tax bill!
Spring Clean Your Financial Documents
While you’re at it, take some time to organize and declutter your financial documents. Shred any outdated or unnecessary paperwork, and create a filing system for the documents you need to keep. Digitalize what you can to reduce paper clutter and make everything easier to find.
Wrapping Up Your Financial Spring Cleaning
Spring cleaning your finances might not be as fun as shopping for a new wardrobe, but it’s just as essential. Updating your beneficiaries, reviewing your policies, and adjusting your tax withholdings can save you time, money, and stress in the long run. So, pour yourself a cup of tea, put on your favorite playlist, and give your finances the attention they deserve.
Would you like assistance with creating a personal finance plan? Click here to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? Click here to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post It’s Time To Update Your Beneficiaries, Policies, and Tax Withholdings | Financial Spring Cleaning Series appeared first on Your Pretty Pennies.
Spring is here, and it’s time to shake off the winter blues and freshen up our lives – including our finances. Just like we declutter our homes, it’s essential to do a little financial spring cleaning. Today, we’re diving into the all-important task of cleaning up your credit report. A healthy credit report is your golden ticket to better interest rates, loan approvals, and even job opportunities. So, let’s roll up our sleeves and get to work!
1. Get Your Credit Reports
First things first, you need to know where you stand. You’re entitled to a free credit report from each of the three major credit bureaus – Equifax, Experian, and TransUnion – once a year. Head over to AnnualCreditReport.com and grab your reports. Reviewing all three is crucial because there could be discrepancies between them.
2. Review Your Reports for Errors
Now that you have your reports, it’s time to go through them with a fine-tooth comb. Look for errors or discrepancies that could be dragging down your score. Common errors include incorrect personal information, accounts that aren’t yours, and outdated information.
3. Dispute Any Errors
Found an error? Don’t panic. Disputing errors on your credit report is straightforward but requires a bit of diligence. Contact the credit bureau where you found the error and provide documentation to support your claim.
4. Pay Down Outstanding Debts
Outstanding debts are like dust bunnies under your bed – they need to be tackled! Prioritize paying off high-interest debts first, but make sure you’re making at least the minimum payments on all your accounts to avoid further damage to your credit score.
5. Negotiate With Creditors
If you’re struggling with large balances or delinquent accounts, don’t be afraid to reach out to your creditors. Many are willing to negotiate payment plans or even settle for a lesser amount. A little negotiation can go a long way in cleaning up your credit report.
6. Avoid New Credit Applications
While cleaning up your credit report, it’s best to avoid applying for new credit. Each application triggers a hard inquiry, which can temporarily lower your credit score. Focus on improving your existing accounts before taking on new credit.
7. Monitor Your Credit Regularly
Cleaning up your credit report isn’t a one-time task. Regular monitoring helps you catch errors early and keep your financial health in check. Consider signing up for a credit monitoring service or setting reminders to check your reports periodically.
Wrapping Up Your Credit Cleanup
Spring cleaning your credit report might seem daunting, but taking it step-by-step makes it manageable. By reviewing your reports, disputing errors, paying down debts, and monitoring regularly, you’ll be well on your way to a sparkling credit profile. A clean credit report opens doors to better financial opportunities and peace of mind.
So, let’s get to it… Grab your favorite beverage, put on some empowering tunes, and tackle that credit report like the boss babe you are. Your financial future is looking brighter already!
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post How To Clean Up Your Credit Report | Financial Spring Cleaning Series appeared first on Your Pretty Pennies.
Spring is the season of renewal, and while we’re busy decluttering our closets and refreshing our living spaces, it’s also the perfect time to tidy up our finances. A little financial spring cleaning can set you on the path to financial freedom and peace of mind. Let’s dive into three essential steps to get your financial house in order.
1. Assess and Organize Your Financial Situation
The first step in your financial spring cleaning journey is to take a good, hard look at your current financial situation. It might seem daunting, but trust me, getting organized will make you feel empowered and in control.
2. Clean Up Your Budget
Now that you have a clear picture of your financial situation, it’s time to clean up your budget. A well-structured budget is your roadmap to financial success.
3. Review and Update Financial Plans and Documents
The final step in your financial spring cleaning is to review and update your financial plans and documents. This ensures that everything is current and reflective of your current situation and goals.
Wrapping Up Your Financial Spring Cleaning
Financial spring cleaning isn’t just about tidying up your finances; it’s about setting yourself up for long-term success. By assessing and organizing your financial situation, cleaning up your budget, and updating your financial plans, you’ll feel more confident and in control of your money. So, put on your favorite playlist, grab a cup of tea, and get started on sprucing up your financial house.
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post 3 Steps To Cleaning Up Your Financial House | Financial Spring Cleaning Series appeared first on Your Pretty Pennies.
Let’s talk about a topic that often comes with a lot of confusion and a bit of stress: debt. But wait, before you get overwhelmed, let’s flip the script and look at debt through a different lens. Today, we’re diving into the difference between being in debt and leveraging lines of credit to build wealth. Understanding this difference can be a game-changer for your financial journey.
Being in Debt: The Dark Side
Let’s be real – debt can be a heavy burden. It’s the kind of debt that sneaks up on you, often from high-interest credit cards, personal loans, or unnecessary spending. This type of debt can feel like a ball and chain, holding you back from achieving your financial goals.
Leveraging Lines of Credit: The Bright Side
Now, let’s flip the script and talk about leveraging lines of credit to build wealth. This isn’t about accumulating debt for the sake of it; it’s about using credit strategically to enhance your financial position.
How to Use Credit Wisely
Striking the Right Balance
It’s essential to strike the right balance between using credit to build wealth and falling into debt. The key is to use credit as a tool, not as a crutch. Leverage it to create opportunities that enhance your financial position, not to cover everyday expenses or lifestyle inflation.
Wrapping Up
Debt and leveraging lines of credit are two sides of the same coin. While debt can be a hindrance, strategic use of credit can be a powerful wealth-building tool. The difference lies in how you manage and utilize it. With a clear plan, disciplined approach, and a bit of financial savvy, you can turn credit into an asset rather than a liability.
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or..
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post Being In Debt vs. Leveraging Credit | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.
In today’s dynamic world, having multiple streams of income isn’t just a luxury – it’s a necessity. It’s time to harness our power and secure our financial future by diversifying our income sources. Building multiple streams of income can provide financial security, freedom, and the peace of mind we deserve. So, let’s dive into the best ways to create those extra revenue streams and build the wealth we deserve.
1. Start with Your Passion and Skills
First things first, identify your passions and skills. What do you love doing? What are you good at? The best way to create additional income is to leverage what you already have.
2. Invest in Real Estate
Real estate can be a fantastic way to build a steady stream of income. Whether it’s through rental properties, house flipping, or investing in real estate investment trusts (REITs), the opportunities are abundant.
3. Create an Online Business
The digital world is brimming with opportunities. Creating an online business can be a game-changer, offering flexibility and scalability.
4. Invest in the Stock Market
Investing in the stock market can be an excellent way to generate passive income. With careful planning and research, you can build a portfolio that grows over time.
5. Explore the Gig Economy
The gig economy is booming, and it’s full of opportunities to make extra cash.
6. Create Passive Income Streams
Passive income is the holy grail of financial freedom. These income streams require upfront effort but continue to generate revenue with minimal ongoing effort.
7. Network and Collaborate
Networking is crucial. Surround yourself with like-minded individuals and seek out mentorship and collaboration opportunities. Join professional groups, attend seminars, and participate in online communities. The right connections can open doors to new opportunities and partnerships.
Final Thoughts
Building multiple streams of income isn’t just about hustling harder – it’s about working smarter. Diversify your income sources, leverage your skills and passions, and don’t be afraid to take calculated risks.
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post The Best Way To Build Multiple Streams of Income | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.
No matter what your income level is, saving money is a crucial part of securing your financial future and achieving your dreams. Whether you’re just starting out or already earning a comfortable salary, there are always ways to save. Let’s dive into some savvy strategies to help you save money on any income.
1. Create a Budget That Works for You
First things first, you need a budget. Think of it as your financial roadmap, guiding you towards your goals.
2. Automate Your Savings
Out of sight, out of mind – that’s the magic of automating your savings.
3. Cut Down on Unnecessary Expenses
Time to get ruthless with those unnecessary expenses, sis!
4. Pay Yourself First
This one’s a game-changer, queen. Pay yourself first means setting aside money for your savings before you spend on anything else.
5. Invest in Your Future
Saving is essential, but investing is how you grow your wealth.
6. Avoid High-Interest Debt
Debt can be a major obstacle to saving, especially if it’s high-interest debt like credit cards.
7. Increase Your Income
While cutting expenses is crucial, increasing your income can give your savings a major boost.
Final Thoughts
Saving money on any income is possible with the right strategies and a determined mindset. Create a budget, automate your savings, cut unnecessary expenses, and invest in your future. Remember, every little bit adds up, and the habits you build now will pave the way for a financially secure future.
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post Here’s How To Save Money On Any Income | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.
As we navigate through life’s ups and downs, there’s one powerful action that can make a profound difference: giving consistently. Whether it’s your time, money, or resources, regular giving enriches your life and the lives of those around you. Let’s explore three compelling reasons why you should make consistent giving a part of your routine.
1. Creating a Positive Impact
First and foremost, consistent giving allows you to create a sustained positive impact. When you give regularly, you become a reliable source of support for the causes you care about, enabling them to plan and execute long-term projects that bring about significant change.
2. Personal Growth and Fulfillment
Consistent giving isn’t just about helping others; it’s also about enriching your own life. The act of giving can lead to personal growth and a deeper sense of fulfillment that enhances your well-being in countless ways.
3. Strengthening Your Financial Discipline
Lastly, consistent giving can enhance your financial discipline. By making giving a regular part of your budget, you learn to manage your finances more effectively and prioritize what truly matters.
Wrapping Up
Consistent giving is a powerful practice that benefits both the giver and the receiver. It allows you to create lasting change, promotes personal growth and fulfillment, and enhances your financial discipline. So, queens, let’s embrace the power of regular giving and make it a cornerstone of our lives. By doing so, we not only uplift others but also elevate ourselves, creating a more compassionate and connected world.
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post 3 Reasons Why You Should Give Consistently | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.
Are you ready to level up your financial game and boost that main source of income? Whether you’re looking to climb the corporate ladder, enhance your business, or find new avenues within your current profession, there are strategic steps you can take to make it happen. Let’s dive into three powerful ways to increase your main source of income and secure that financial glow-up.
Education and skill development are key to unlocking higher earnings. Investing in yourself is one of the most effective ways to boost your income potential.
When was the last time you evaluated your worth in the job market? If it’s been a while, it might be time to negotiate for a raise or promotion.
Sometimes the best way to increase your income is to create opportunities within your current role or by taking on additional projects.
Increasing your main source of income requires a mix of strategic planning, skill development, and proactive career management. By investing in your education, negotiating effectively, and seeking out new opportunities, you can elevate your earning potential and secure a brighter financial future.
Remember, the path to financial empowerment is paved with knowledge, confidence, and determination. So, go out there and claim what’s yours!
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post 3 Ways to Increase Your Main Source of Income | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.
Today, we’re diving into a topic that’s just as important as balancing your budget or investing wisely – your money mindset. How you think about money can significantly impact your financial success. A positive, empowered mindset can open doors to abundance, while a negative or limiting mindset can keep you stuck. So, let’s talk about how to reset your money mindset and step into your financial power.
1. Identify Limiting Beliefs
First things first, let’s get real about what’s holding you back. We all have limiting beliefs about money that can stem from our upbringing, culture, or past experiences. It’s time to bring these beliefs into the light and challenge them.
2. Embrace a Wealth Mindset
To attract abundance, you need to start thinking like someone who is already abundant. Embracing a wealth mindset means believing that you deserve financial success and that there is enough wealth to go around for everyone.
3. Educate Yourself
Knowledge is power, queen! The more you know about money management, investing, and wealth-building, the more confident you’ll feel about your financial future.
4. Practice Gratitude and Generosity
Gratitude and generosity are powerful tools for shifting your money mindset. When you focus on what you have and give freely, you create a sense of abundance and attract more wealth into your life.
5. Invest in Yourself
Lastly, remember that you are your greatest asset. Investing in yourself is the best way to ensure long-term financial success.
Resetting your money mindset is a journey, not a one-time event. Be patient with yourself and stay committed to the process. By changing the way you think about money, you’ll unlock new possibilities and pave the way for a prosperous future. Remember, you are worthy of financial success, and with the right mindset, anything is possible.
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post How To Reset Your Money Mindset | #FinancialLevelUpSeries appeared first on Your Pretty Pennies.
Let’s talk about something that’s crucial to your financial success and happiness: getting clear on the lifestyle you desire to create. It’s not just about setting financial goals – it’s about aligning those goals with the life you want to live. When you have a clear vision of your ideal lifestyle, you can make smarter financial decisions that bring you closer to that vision. Let’s dive into why this clarity is so important and how you can start creating the life of your dreams.
Why Clarity Matters
How to Get Clear On Your Desired Lifestyle
Example of Aligning Financial Goals with Your Lifestyle
Let’s say your dream is to start your own business. Your financial goals might include:
By aligning your financial goals with your dream of starting a business, you create a roadmap that leads you toward your desired lifestyle.
In Conclusion
Getting clear on the lifestyle you desire to create is the first step toward achieving your financial dreams. When you know what you want and why you want it, you can make intentional decisions that move you closer to your goals. So, take the time to visualize your ideal life, set specific goals, and create a financial plan that supports your vision. Your future self will thank you for it!
Would you like assistance with creating a personal finance plan? CLICK HERE to apply for Financial Success Coaching with me!
Or…
Do you need to press RESET on your finances so you can begin to master your money, build up your savings, demolish your debt and raise your credit score? CLICK HERE to enroll in The Financial Reset Online Academy.
Please leave a comment below or let me know any questions you have. I’d love to hear what you think!
The post The Importance of Getting Clear On The Lifestyle You Desire To Create appeared first on Your Pretty Pennies.
The podcast currently has 80 episodes available.