B.Nicole wishes you a Happy New Year!
It's New Years Eve, and I'm sure you're reflecting on your financial goals for 2019. New Year, New You Right? In the past, I've found it very motivating to start the New Year off on the right foot with savings goals. However, keep in mind that life happens throughout the year thanks to expenses, last minute emergencies, childcare, just to name a few. Don't worry if you feel like you have missed the mark for 2018 savings. Allow me to introduce a fool-proof Savings Challenge Plan which will ensure that 2019 yields financial return, and a cushion for your pockets. Before starting the challenge, I encourage all of my clients to assess their financial forecast by reviewing expenses and cash flow via bank statements, receipts, and other financial keeping records. Let's take that a step further and break down the categories of expenses related to it's spending category (for example: Insurance, Transportation, Mortgage, Dining) monthly, quarterly throughout each fiscal year. It is wise to know where your money is going, as it is a tool for financial freedom, and shall be allocated to it's destinations wisely. I encourage you to cut back on expenses that are unnecessary, and opt in for more budget friendly options instead. Examples include: preparing coffee at home for consumption, versus purchasing the most adored holiday flavored latte at Starbucks's. Consider opting in for the purchase of monthly Movie Subscription services with your favorite Cinema, versus paying the full value of movie tickets per visit. This may yield hundreds of dollars towards your annual savings fund. If you find that your current income is limited, consider the following alternatives to generate active and passive savings cash flow:
-Sign up to be an Uber Eats Courier
-Drive Uber or Lyft
-Create an E-Book geared towards your specific expertise in your industry
-Offer Babysitting Services
-Participate in a Focus Group
-Start a Drop Shipping Company
-Sign up to deliver Amazon Prime products
-Join the Nielsen Computer and Mobile Panel
Click the Link below for a full list of ideas to jump start your 2019 Savings Challenge!
You may join the 2019 Savings Challenge at anytime. I'll be checking in with all of the challenge supporters and members every Friday for the #FundsFriday #PRsavingschallenge! A winner will be selected each month to receive a one time deposit of $25 towards their savings challenge. So get excited to motivate others by posting a favorite photo of your choice on #fundsfriday! 2019 is going to be the year of Financial Freedom. With hard work, discipline, and focus, I believe that you've got this! For more information about additional services offered by Project Restoration, please contact us via the inquiry web-page. Cheers to the New Year!
B.Nicole The Brand
CEO of Project Restoration LLC.
I hope that the holiday season brings you joy, peace, and lots of cheer. As a consumer and credit repair expert, I understand that it is easy to get wrapped up in the traditional belief that Christmas is all about receiving expensive gifts. This belief system often results in the consequence of mismanaging money by overspending, and accruing hundreds of dollars in credit card debt. The cycle and potential burden of paying back the debt, in addition to juggling daily financial expenses can be surmountable and damaging to your financial well being. I, along with many parents are often faced with the challenge of gifting bigger and bigger each year, to satisfy the growing demands of a spectacular Christmas for “my children”. Let us always remember that this holiday season is truly about giving back, spreading love, and spending quality time with loved ones. Of course it is nice to sit pretty with a Cartier watch. Who wouldn’t love that. However, let’s be realistic with ourselves, and consider how we can truly invest our money to ultimately work for us.
How about purchasing a share of your child’s first Stock in their favorite company? What about depositing money into an investment account for their College Education Savings Fund? These investments cost as little as $50 or below. Are your wheels turning yet? Let’s start 2019 the right way by following a few simple steps to avoid these financial pitfalls of overspending this Holiday Season.
Here are a few options to consider while enjoying your holiday shopping:
-Set a maximum budget and stick to it!
-Avoid the pitfalls of maxing out credit cards on gift purchases.
-Experience the "FREE" opportunity to volunteer your family to serve those in need at a nearby local non-profit, food pantry, or homeless shelter.
-Shop at a local value store for cute stocking stuffers to gift under $10 i.e. (5 Below, Dollar Tree, Family Dollar, and Walmart).
-Opt into starting a holiday tradition of gifting baked cookies to your loved ones.
If you have already spent more than what you planned in your Christmas budget, consider returning some of your items, in exchange for lower ticket purchases from the aforementioned value stores. It is time to do away with the damaging cycle of financial mismanagement and bring back responsible wealth building habits. Your new year will be a more gratifying one if you start to make smarter money management decisions now.
For more information about our financial services or to sign up for our products, please refer to the contact us page via the Project Restoration LLC website.
B. Nicole The Brand
CEO of Project Restoration LLC.