Camie Sims
June 29, 2015
• 1 Minute Read
Are you one of the many people always concerned about your finances? Are you worried that one emergency expense could throw your whole budget for a loop and don’t know what to do?
3 Steps to Achieve Financial Freedom:
- Build an emergency fund
- Nothing throws off your budget (and life!) like an expensive emergency. Accidents and unexpected expenses happen – be prepared by having an emergency fund to cover at least three months of your salary.
- Get out of debt
- This includes paying down loans & credit cards. Depending on how much debt you have accrued, this step could be a work-in-progress. Just remember, the sooner you have these paid down, the sooner you can enjoy that extra cash going to an emergency fund – or fun!
- Save more than you spend
- Whether you’re trying to cut down on your debt, create a bigger emergency fund, or just live your life comfortably, saving more than you spend is the start of building a lifetime of financial freedom.
All are very common goals, but these three objectives are the stepping stone to a consumer feeling in full control of their financial lives. Start here, and you’ll be soon on your way to financial freedom!
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