Stimulating Tips

Stimulating Tips

How is your savings account doing?

We previously mentioned paying yourself first by setting something aside in your savings account.

What are your savings goals?

  1. Savings for your child.
  2. Saving for a car or a better car
  3. Saving for college expenses
  4. Saving something for an emergency

You can never save enough for your child or children! Enough said about that.

If you are saving for new(er) car, remember the more money you initially put down on the car, the less your monthly car payment will be; unless you are able to pay for the total amount of asking price (hint… after some negotiation).

An extra cushion for college is always wise. One can never predict additional expenses. Financial aid may not always be available as soon as you need it.

Saving for an emergency or a rainy day… as the saying goes, is always wise! Can you stand the rain? Yes, you can because you will have something saved.

Look for next month’s $timulating Tip’s discussion. Until then, Keep your mind on your money!

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I am originally from Richmond, California. I have obtained over two decades of payroll experience and knowledge and hold a national payroll certification as well as a certification in financial education. I have been blessed to establish a nonprofit organization, L.A.L.A. Nonprofit - Leave A Legacy Always. The mission is to help you improve your quality of life through financial education, while learning how to leave a legacy always. We also help our youth understand how their payroll checks are calculated and provide financial educational assistance. L.A.L.A. Enterprise, LLC, is also established, as an indie-author, I self-published $agacious $candals, the first in a series. By the grace of God, I wear many hats as a parent, grandparent, and business owner. I have yet to achieve my ‘greatest accomplishment’ and I am looking forward to pursuing "it". Please stop by our website and subscribe for updates www.lalanonprofit.org
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