10 Budget Leaks That Cost $10,000 or More Every Year.
What can you do when life just doesn’t add up? For many Americans, wages have stagnated for decades, while the costs of survival have gone into the Nethersphere. As a result, consumer debt is higher than ever – about a trillion higher than it was before the Great Recession, at $14.56 trillion.
If you are struggling to make ends meet, and finding that you have to put emergencies (and sometimes even food) on a credit card, then you’ll have to think creatively about budget solutions. Cutting out café lattes and avocado toast isn’t going to cut it. Most of us, are not shopaholics.
Below are 10 Budget Leaks that cost thousands annually. The 10th Tip is a game-changing solution that is being adopted by more and more Gen Z and Millennial adults.
And here’s the skinny on getting a leaner budget.
A debt problem is, at its heart, a budgeting problem. Although it’s not your fault that housing, health insurance, transportation and food cost more than you earn, you must be the boss of your money and the visionary of your future in order to break free from this fiscal subjugation. The sooner you take charge, the faster your life transforms.
In addition to fixing the leaks in your budget, now is the time to make sure there are no leaks in your financial house. Join us for our April 24-26, 2021 Financial Empowerment Retreat. (Click to learn more.) In 3 days, you'll receive a complete Money Makeover and transform your life forever! Bring your friends, family and teens for an unbelievably low group rate. Call 310-430-2397 or email info@NataliePace.com to learn more now.
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Please note: Natalie Pace does not act or operate like a broker. She reports on financial news, and is one of the most trusted sources of financial literacy, education and forensic analysis in the world. Natalie Pace educates and informs individual investors to give investors a competitive edge in their personal decision-making. Any publicly traded companies or funds mentioned by Natalie Pace are not intended to be buy or sell recommendations.
ALWAYS do your research and consult an experienced, reputable financial professional before buying or selling any security, and consider your long-term goals and strategies. Investors should NOT be all in on any asset class or individual stocks. Your retirement plan should reflect a diversified strategy, which has been designed with the assistance of a financial professional who is familiar with your goals, risk tolerance, tax needs and more. The "trading" portion of your portfolio should be a very small part of your investment strategy, and the amount of money you invest into individual companies should never be greater than your experience, wisdom, knowledge and patience.
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About Natalie Pace
Natalie Wynne Pace is an Advocate for Sustainability, Financial Literacy & Women's Empowerment. She has been ranked as a No. 1 stock picker, above over 835 A-list pundits, by an independent tracking agency (TipsTraders). The ABCs of Money remained at or near the #1 Investing Basics e-book on Amazon for over 3 years (in its vertical), with over 120,000 downloads and a mean 5-star ranking. The 4th edition of The ABCs of Money was released on October 17, 2020.
Natalie Pace's easy as a pie chart nest egg strategies earned gains in the last two recessions and have outperformed the bull markets in between. That is why her Investor Educational Retreats, books and private coaching are enthusiastically recommended by Nobel Prize winning economist Gary S. Becker, TD AMERITRADE chairman Joe Moglia, Kay Koplovitz and many Main Street investors who have transformed their lives using her Thrive Budget and investing strategies. Click to view a video testimonial from Nilo Bolden.
Natalie Pace is the co-creator of the Earth Gratitude Project and the author of The ABCs of Money, The ABCs of Money for College, The Gratitude Game and Put Your Money Where Your Heart Is. She blogs on Huffington Post and Medium, and is a frequent guest contributor to national news shows and magazines. She has been ranked the No. 1 stock picker, above over 830 A-list pundits, by an independent tracking agency, and has been saving homes and nest eggs since 1999.