People are constantly preached about the importance of saving money, but some of your clients may not know where to start when it comes to a savings strategy.
Having an effective plan for saving money begins by identifying what you want out of life and what makes you happy. You need to know why you’re saving before you actually start saving.
Here are some steps to take before you start saving money:
1. Do some soul searching and figure out what you want to spend money on to live a happy life
2. Prioritize to figure out what you want to spend on now and save for later
3. Don’t forget to put aside money for the essentials, like retirement and emergency funds
Organization is key to making an effective savings strategy that you and your clients can realistically stick to. Read the full post here for more tips on how save money.
Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blogand CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investors.
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