Women and Wealth Archives ⋆ Tiffany Nicole Forever

Credit, Debt, Financial Planning, Goal Setting, money matters, Wealth Building, Women and Wealth

Your Simple Guide to Credit

Credit…

The essential component to most financial goals – unless, of course, you’re a trust fund baby – which I am not. And if you’re like me, then you need this simple guide to understanding your credit.

Whether you’re preparing to buy your first home, self-fund a business idea, or need to upgrade your ride, your credit will likely be front and center for the process.

Your credit score is the key indicator that lenders use to predict creditworthiness. If you have a history of paying your debts in a timely manner each month, creditors see that as the model for how you will handle future credit obligations – and they will see you as less of a risk for extending additional credit.

I’ve compiled a short list of the top tips to help you better understand how your credit score works and how you can improve it!

Financial Planning, Money, money matters, Uncategorized, Wealth Building, Women and Wealth

Mid-Year Financial Checkup

We have just hit that time of the year where we are in full transition. Happy June. Not only is this the month of reflection – mainly because we are passing from the 1^st half of the year into the remaining 6 months – but it’s also the month of the reboot; and yes, that includes your finances. We’re a few months past spring cleaning but it’s now time for a midyear financial checkup.

Money is one of those topics that does not improve (or go away) if ignored. Before any more time gets away from you, let’s evaluate those annual goals and see if you’re exceeding expectations, right on track, or in need of a little help to get back on the road to financial security. Don’t worry, if you’re not sure where to start, I’ve made it easy for you. Keep reading for my top tips to a painless mid-year financial checkup!

Change your life, Credit, Debt, Financial Planning, Goal Setting, Goals, Intentional Living, Life, Lifestyle, love, marriage, Money, money matters, relationships, Wealth Building, Women and Wealth

The Money Talk – How to have a real discussion about finances!

There is often a negative opinion of both money and relationships. This is probably due to the countless reports of money being a leading cause of divorce. But there’s a flip side. If you’re willing to have an open line of communication and are able to make financial decisions together, then money doesn’t have to be a negative topic of discussion. In fact, it could actually bring you and your significant other closer together.

If you’re new to your relationship or you’ve had a bad experience, with discussing money issues, in the past, you may be wondering when is the right time to have the dreaded money talk. Don’t stress about this and don’t rush it! Every relationship is different and there is no right or wrong time. Just be sure that you are in a serious committed relationship, where sharing finances and resources, is something that you’re starting to engage in – there’s no need to expose your most personal information, if it’s not warranted.

No couple moves at the same pace as another. But when the time is right for you, it is important that you are able to have an honest and respectful dialogue. Keep reading, for my top tips on how to have a great conversation on money; one that brings you closer together.

Business, Business Tips, Change your life, Credit, Debt, Entrepreneurship, Financial Planning, Intentional Living, Money, money matters, Saving, Training, Wealth Building, Women and Wealth

The Entrepreneur’s Budget

Working for yourself comes with lots of perks and for most people it can appear to be the ideal situation: make your own schedule, spontaneous coffee trips and mid-day napping… right?

Well, not quite.

Aside from the fact that you actually do work – probably more than you ever have in your life – there are other stressors that non-entrepreneurs tend not to think about. These are benefits that are generally offered in the employee/employer relationship: health insurance, paid time off, sick days, retirement savings and steady predictable pay.

As an entrepreneur, managing your money, takes on a whole new meaning. With the ultimate goal being to avoid monthly panic and actually be able to look at your bank account with peace of mind. This requires an intentional approach to your income.

Credit, Debt, Financial Planning, Money, money matters, Motivation, Saving, Wealth Building, Women and Wealth, Women Issues

Top 3 Apps to Pad Your Savings

Bills paid, savings account padded, low-to-no debt and a surplus in your monthly budget are money goals. Because when you conquer money management you empower yourself to have your money work for you! But the truth is that getting control of your financial situation can sometimes feel like a full-time endeavor. From developing a debt repayment plan and managing your monthly expenses, to deciding how much to save or invest each month, there’s more to mastering your money than direct deposit and debit cards. Before you get overwhelmed, take a deep breath. There’s no reason to let this get the best of you.

When it comes to your money,

technology is your friend.

In fact, we can now complete almost every type of transaction right on our smart phones. From paying bills to requesting a credit limit increase, or even selling off stocks… we now have the gift of convenience at our fingertips. And since you have now mastered creating your own budget, it’s time to focus on saving; and today I want to share my top 3 app picks for no-fuss saving!

Change your life, Credit, Debt, Financial Planning, Intentional Living, Life, money matters, Uncategorized, Wealth Building, Women and Wealth, Women Issues

The Official Guide to Budgeting

Creating a budget may seem like a simple thing to do. But the truth is that most of us have no idea where to start or we can’t seem to successfully follow the money plans that we put in place. Going through the motions of setting up a budget is not enough, to experience the benefits that come with budgeting, we have to actually adhere to it.

Financial planning is essential to learning how to live within your means and is a key factor in helping you achieve financial success. I often tell my children that learning how to master your money is the most empowering education you will ever have.

Change your life, Credit, Debt, Financial Planning, Intentional Living, Life, Money, money matters, Wealth Building, Women and Wealth, Women Issues

Quick Guide: Digging out of Debt

In my early 20’s I thought that I was drowning in debt. Credit saved me several times from financial emergencies, but figuring out how to make the monthly payments became an ongoing challenge. I remember keeping a notebook and a calendar. In my notebook, I had a debt repayment log. I kept up with bill due dates, interest rates, minimum due, amount paid and the remaining balance. The calendar was filled in with bill due dates and the amount that I was planning to pay. I was so excited each month and I was able to reduce the amount I owed or cross another paid account off my list. I kept up with everything, until all of my debt was completely paid off.

Looking back, the amount of debt that I had back then is laughable (now), but at the time I was completely overwhelmed with the looming reality that I owed money and had to pay towards it every month. My anxiety was likely caused by the fact that there was no extra to spare. I was barely making ends meet and I remember trying to stretch my remaining $20 – after all bills were paid – until my next payday. But I learned a lot about the rewards of discipline and the mindset shift that needs to take place to overcome debt and change your financial situation.

Credit…

I’ve compiled a short list of the top tips to help you better understand how your credit score works and how you can improve it!

As an entrepreneur, managing your money, takes on a whole new meaning. With the ultimate goal being to avoid monthly panic and actually be able to look at your bank account with peace of mind. This requires an intentional approach to your income.

When it comes to your money,

technology is your friend.

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