5 Simple Ways to Jumpstart Your Funances

Sometimes we feel like our finances are on life support. I know! I been there. It seems like there’s little hope of the situation improving, I want to provide you a little ray of sunshine by showing you 5 easy ways to Jumpstart your finances.

  1. Start Giving More

I know what you are thinking, how can you jumpstart your finances by giving your money away!  Trust me this step is by far the most important and Truth be told, getting onto a healthier path with your finances has less to do with knowing what to do and more with doing what you know.  If you truly believe that God is able to provide for your needs, then you acknowledge that by giving back to God.  If you truly believe it is better to give than to receive, once again, you demonstrate that by giving to others that are less fortunate.  Your money attitudes are crucial so by learning to give first, you will have no choice but to learn to live on less and that is the cornerstone of personal finance. 

       2. Start Tracking Your Spending

There is no secret that people who don’t run out of money at the end of the month are the ones who spend less than they make.  Keeping a spending journal for two weeks can really make a big difference in your spending patterns.  I think most of us know how much we make; the problem is that many of us have no idea exactly what we are spending each week.  If you want to spend less so you can save more and pay off debt, you must know what you are spending your money on and then decide what expenditures you can eliminate or reduce.  Consider using cash for two weeks instead of using your credit cards or debit card.  I have heard that it hurts to break a $20, so maybe using cash can help you to start spending less of your hard earned money.

        3. Start Knocking Out Your Debt

Don’t be one of those people who justify their debt by thinking that as long as you can afford to make the minimum payments on your credit card you are ok.  You must start paying more toward your debt which will reduce the amount of interest you will pay over the life of that debt.  Also by paying more towards your debt, you will be able to pay that debt off faster so you can start putting that money towards your savings and start earning interest instead of paying interest.  Finally, do not be afraid to call your credit card company to negotiate a lower interest rate.  The worse that can happen is that they say no!

    4. Start Saving, Start Saving, Start saving

Between making excuses, having good intentions, or just breaking the promises we make to ourselves, it’s easy to understand how we oftentimes fall short of achieving our goals, but we have to start saving money now!  For our short term savings, consider opening a savings account at a financial institution different from where your checking account is (to make it a little harder to get to) and set up a bill pay or draft where you pay yourself each month before you pay any other bills.  In addition, start putting money away towards retirement because retirement isn’t a question of if, it is a question of when.  If your company offers a match where they will contribute a certain percentage of pay if you are setting aside some of you earnings into a company plan, you are leaving money on the table by not taking full advantage of this benefit.  For example, if your company will match $.50 of every dollar you set aside into your 401k up to 5% of your salary, by putting anything less than 5%, you are basically saying no to free money.  The last simple tip when it comes to saving is this:  saving something is better than saving nothing and whatever you have been saving, start saving more

   5. Do it again

One way of improving and keeping yourself accountable, is by constantly checking your commitment to progress. Don’t and I mean don’t ever relax to the point where you think you got this and you will stay the course, often times when we get used to a way of doing things we relax and forget to stay consistent, and sometimes we even do not see the big deal until we find ourselves in the same or worse situation. Make it a life commitment to give more, spend less, pay off debt and if possible stay out of debt! Remember what the Bible says: the borrower is a slave to the lender. Keep out of debt! Save, save, save, save and finally do it all over again, do it again.

leave us a comment or connect with us we would love to hear from you.

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Three Behavioral Traits That Show Your Bugdget Needs a Fresh Start

Because many times people can get emotional about money, it is easy to make plans for the month on paper but, the minute one gets the money to do what is written on paper we forget and go back to the same unorganized ways of doing things.

If there’s an area to be discipline in our lives, is our finances. When we hurt financially, it is at times difficult to perform and even of greater difficulty to be the blessing God called us to be.

Keep in mind that scripture tells us the reason for possesions.

I cannot stress enough the importance of discipline with a budget and the ability to be good stewards. God is trusting us with little things let us be Faithful.

Your budget needs a fresh start

1. If you are not giving off the top.

If you want to get results with your money, you have to give. It’s as simple as that. When you give off the top of a well-managed budget, you may be surprised to find living on less can actually feel like you have more. That’s because managed money works harder. Charitable givingshould always be the first line on your monthly budget. Read Giving

2. If you are spending too much in one cathegory

Are you spending half your budget on takeout? Straighten out your spending by giving each budgeted category a specific percentage. Remember we recommend 10–15% for food , 25–35% on housing, 10–15% in savings, and 10–15% on charitable giving. And make sure your entire monthly budget—including clothing, transportation, insurance and entertainment—equals 100%. No matter what! We show you exactly how to do this on our Teachable online course you can access it here

3. If you are using the same budget every month.

Because there’s no such thing as “the perfect month,” a one-size-fits-all budget won’t cut it. You have to make a new budget every single month. It’s fine to look at last month’s budget for direction, but expenses change with the seasons. Set aside a specific time to review and revise your budget before the month begins and stop expecting an old plan to work for new expenses. Having good intentions with your money is a step in the right direction, but it won’t get you far. Reevaluate your budget and fix the areas that aren’t working. It’s never too late for a fresh start. Read budget

If you’re not sure where to start with zero-based budgeting or how to manage your money, check out our website www.redtogreeneconomy.com we got a lot of resources to help you.

Also, please stay in contact with us, you can find us here:

Yadira Lino Castro

Financial Wellness Consultant Facebook: https://www.facebook.com/ylino

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Top Financial Challenges For Women 

 

 

 

 

 

 

far from trying to stereotype women, we just want to share few of the top financial challenges women face in today’s society, disadvantages that women need to be aware of when dealing with money matters. Again we’re not trying to stereotype women, each woman is unique and possesses the ability to soar and be a world class influential woman.

let’s dive in!

1. Wage Gap– on average, women earn less than men. Why that gap exists is a matter of often-heated debate, but the fact of its existence isn’t disputed.

 

 

  • What to do– While the wage gap is a subject for society as a whole to address, in the short term, individual women need to focus on money management and budgeting. A very particular trait in women is the ability to focus and multi task. Learning and developing new skills, one of the best ways of facing the wage gap challenge for women is by consistently tracking spending in writing. Skills are learned so this is one skill all women should learn tracking all spending, and using the collected data to create a new written budget. See our budgeting article

 2. Price Gapproducts designed exclusively for women are more expensive than those meant for men, women’s clothing is more likely to need dry cleaning, and women have to purchase things like cosmetics that men don’t use. All of these expenses add up to a hefty price gap between the genders. Studies have also shown that women’s health care is more expensive than men’s, even when exhibiting the same symptoms, not surprise!




  • What to do– Again, budgeting is key. Comparison shopping is also a must. There are all kinds of great apps or even store websites that can be use for comparison with the idea of saving money. The number one form of overspending isn’t buying on impulse, it’s paying too much for things. So look at your necessary spending and see if there’s anything you’re paying too much for that can be bought cheaper from another source, or in bulk. See our 10 ways of to make extra money article

3. Long-Term Care some of these categories seem especially unfair, in that they represent admirable qualities that nevertheless result in financial challenges for women. A Princeton study found that women are twice as likely as their male siblings to end up caring for an elderly parent. And a study from the Journal of Applied Gerontology found that women are more likely to be displaced from the workforce when providing long-term care.

  • What to do– The best solution is to plan well ahead of time, it is always a good idea to add a long term care insurance  tab to your budget planning when you start thinking that it might be necessary in the coming years. The fact that is in your mind, and you are concern about it tells that you might want to start planning for it before is too late.  Put a small percentage aside on your budget and get ready so that you’re able to get long-term care insurance to meet this need when the time comes. Every family situation is different, but if you think this kind of situation is likely, that insurance is more likely to be worth it. And your whole family needs to come together and decide if they are going to buck the trend and share care giving responsibilities equally among siblings just make sure is on writing as a contract, not that you don’t trust your family but, people tend to agree to this type of things and many times fail to deliver leaving the responsibility to a single individual to deal with. See our the secret to savings article

4.Charity – another category that turns a positive into a challenge; women are more likely to give to charity than men, and on average they donate more.




  • What to do– Donating to worthy charities and those that are concistent with your values is great, so we’d only caution you to make charitable giving part of your written spending plan so you don’t go overboard.  You can’t give what you don’t have, do not over promise and do not let anyone bully you or manipulate you into giving. Set a percentage of your income in your budget for giving and stick to it. Do not write checks by Faith to bounce back and get charge for overdraft knowing that there’s no money in your account. Doing that won’t help you or the causes you support. Think of when you’re on an airplane; they tell you in an emergency to put the breathing mask on yourself first, before helping anyone else. The same principle applies here. You’re no good to charities or the needy if you can’t make ends meet yourself. Follow your budget and give as you can, your priority is working your money plan so that you, your family and the people you love and wantvto help can benefit, so make giving a top priority in your budget and give accordingly. See our why giving article

4. Education– yet another positive trend that ends up costing women more money. These days, women are more likely to attend college than men. That’s good—it’s part of how society is addressing the wage gap—but with tuition costs skyrocketing in recent decades, today’s graduates are left with hefty student loan debt.

  • What to do– Student loans are a huge headache for graduates and a huge business for financial institutions everywhere in America, Student loans sees no gender it affects men and women alike. see our How to pay for college without using student loans article




 

What other financial challenges you think women are facing today?

If you’ve got difficulties with your finances in general we’re here to help. Contact us today @ www.redtogreeneconomy.com or @ getinfo@redtogreeneconomy.com

Meet Eboni Phillips, She Went From Being Bankrupt To Educating Herself To Teaching Others About Credit

Eboni Phillips Went From Being Bankrupt To Educating Herself To Teaching Others About Credit

This post is courtesy of LadyBossBlogger

Posted by Elaine Rau

Eboni Phillips has seen poverty in its rarest forms, from sleeping in the back seat of cars to getting them repossessed, Eboni knows exactly what it’s like to be less than credit worthy. After countless experiences with trial and error, she decided that she would use her experience with bad credit to help serve the community and educate others about being financially integral. Read our interview with the lovely Eboni below…





What motivated and inspired you to start your own business?

Well I had no idea I would be a credit specialist. I’d had issues with credit for years. I found myself severely depressed sometimes knowing that I couldn’t get an apartment or vehicle without a cosigner. I sat down one day at a dealership with a car salesman and was told “you need to file bankruptcy” I decided then that credit would not be a hindrance any longer. I was my first client. I applied what I learned to my situation and saw results immediately! I then went on to help family and friends and decided that “serving” others in the area of financial empowerment was my lane. As far as walking away from corporate America to pursue my passion full time, I knew that my potential was bigger than the cubicle that I sat in every day. There is a misery that comes along with not utilizing your full potential and I felt that misery daily. The thought of working 35 years just to survive wasn’t too appealing to me, the glass ceiling on my pay scale drove me crazy… I decided that I wanted to leave a legacy that proceeds me and entrepreneurship was how I would create it.

 

Tell us about your business.

I own and operate Elite Credit Consultants LLC. Our purpose is not only to restore your credit but to give you the tools and essential education necessary to maintain your credit score long after your time as a client with us. I get extreme satisfaction from educating and empowering consumers in the area of credit management. Not only do we focus on disputing inaccuracies but we sit down and have in depth conversations with our clients to figure out where the weak areas are and how we can strengthen them in those areas. Elite Credit is more than a business, it’s a lifestyle!

 

Are you currently running any promos/contests/giveaways that you would like our readers to know about?
Yes. Currently I am offering 15% off all new client enrollment until May 1st.

List awards/certifications/accomplishments.




I am a board-certified credit specialist and credit score analyst through the Credit Consultant’s Association.I will have my Degree in Economics in May of this year.

Where is your business based?

We are located in Ypsilanti, Michigan.

 

What were the first few steps you took to get your business up and running?

The first thing I did was research the requirements to work in my field legally in the state of Michigan. It is very important to be PCI compliant in my industry.Next I researched ways to get certified, even though it is not required in my state I just believe in credentials. I studied hard and passed two exams to become a certified credit specialist and score analyst. I then became my first client.I applied for my articles of incorporation and EIN number.I created a Success (Business) Plan.

 

What has been the most effective way of raising awareness of your business and getting new customers?
Social media has been a great help with getting new clients, but honestly referrals are the lifeline of my business, without word of mouth I don’t think ANY credit business will stand for long. I also understand the scripture “Faith WITHOUT works is dead”. Everything that I do in business is a faith move, I put in the work and I allow faith to produce the end result.

What have been your biggest challenges so far?

My biggest challenge so far has been owning the fact that I am an influencer to the nations. For so long I thought I didn’t deserve to be blessed, so I guess just coming into the realization that greatness is in my life and that there is nothing or nobody that can change that has been my biggest challenge to date… We sometimes can be our own worst enemy.
How did you overcome these challenges?

Entrepreneurship is not for the weak and sometimes you will get discouraged. I implemented lots of prayer, fasting, and meditation on what the word of God says about me! I also began to speak positive affirmations over my life and business daily.

 

How do you keep motivated through difficult times?

I worship in times of difficulty… I know how to pray it through. I have learned the secret to living and that is to be grateful in all situations, to always give thanks, and know that you are your only competition. My daily goal is to be a better version of myself than I was the day before.

How do you distinguish yourself from your competitors?





When you’re a real leader, you know that you have no competition. I don’t mind others taking a seat at my table because I know we are all going to eat. We are all playing for the same team. I am SAVED. I use my entrepreneurship platform as a tool to evangelize and bring people into the knowledge of Christ. If I’m not helping to increase the kingdom, then what I’m doing is for nothing. I stress the importance of what the Bible says about debt and money when I educate… I make it a point to always point people back to God.

What is the best advice you have received recently?
Be CONSISTENT… Sometimes when we aren’t getting the results we think we should be getting, our consistency in our craft dwindles.
What advice would you give to other entrepreneurs?
KEEP GOING… GO ALL THE WAY. Believe in yourself and your gifts. See yourself and your service as an asset and not liability. When you make the decision to be an entrepreneur, you decide to accept the process that comes along with it, and nobody said the process would be easy or fun… but it will be worth it. You’ll thank yourself after.

 

What is your favorite business tool or resource?

My favorite business tool is Facebook live right now for the sake of my financial tip Vlogs I record every Tuesday. I’ve fallen in love with periscope though, so soon I will be taking my talents to that platform. What social media outlets do you use? List them below.

Instagram @thecreditqueen__
Facebook www.facebook.com/Elitecreditrecovery
Facebook Group www.facebook.com/groups/555346381333371
Website www.elitecreditconsultant.com
Email elitecreditconsultants@gmail.com
Hashtags #EBONIINSPIRES #ELITEEFFECT #IFIXCREDIT

What is a good article or book you have read recently?
I am reading the book “Angel Armies” By Time Sheets.

What are you currently learning about for your business or looking for help with?
I am working on an extension to my business through the avenue of real estate… I will be licensed to practice and assist first time homebuyers by the end of the summer. I’m always looking for mentors to further my education in my field but until I find one with a like mind, I will continue to self-educate and attend trainings.

What are your goals for the next few months and how are you striving to achieve them?

In the next few months I plan to have my Real Estate license, College Degree, and increase my social media following and conversion rate. I have my blinders on, I’ve never been so focused and determined to succeed. I will be consistent in my studies and post fresh relevant content daily on my social media outlets.

Red to Green Economy E-book

 
Happy Mother’s Day!

I couldn’t think of a better idea to share this Mother’s Day Weekend. I hope my new E-book somehow encourages you. I have an incredible number of beautiful women that have inspired me through the years.

As a think of each of them my friends and relative moms or potential moms I think of all the things a woman can endure and I am grateful to my Heavenly Father for his love and kindness for allowing us women to be overcomes, I look back at my own life story and I smile but at the same time I feel how God has use every single event, and every single setback as a blessing.

Some of us women don’t look like what we been through.

Yep! You know it and I repeat some of us women don’t look like what we been through. But God!

Humbly, I thought of writing this post to give back some inspiration the the women that have inspired me too many to mention but if you’re a women and you are reading this post I am talking to you.

For every setback in my life God have had a come back plan. One of those come backs for me has been in the form of my new E-book, I hope you feel encourage to read it but at the same time be encourage to follow your passion.

I wanted to take the opportunity this Mother’s day to dedicate to you my E-Book Red to Green Economy. Tittle after my consulting business.

It all started with the desire to live a life that can impact others and can be impacted by others. I realized today that God can use anything. And that always been my prayer. If you can use anything Lord you can use me.

I went from struggle to struggle and people telling me I can’t do something or even people trying to tell me I need to do this or that to be successful to following my heart.

You’ve always heard others say that you must follow your passion and if you’re like me the question stands how do you do that?

Earn up to $7500 for one sale!

But since I been bless with the gift of motherhood I find that as a woman and as a mother our biggest why are our children.

So my hope and prayer is that when you see me or think of me you can say if she can do it, if she can write an E-book or more than just one E-book several of them.  I know that I know that I know that I can do it.

Whatever dreams or business ideas you have I hope I can inspired you to pursue it. I am nothing special, and many times I feel like quitting then I remember how hard it is and then if I quit I will have to do this over and over again so the answer I give myself is if you want to stop failing then you need to stop quitting.

I see my beautiful daughter Victoria, I see my amazing husband, my friends and family I want to make them, I want to make you proud and that is enough motivation to continue. And the fact that I know and you should know that God can turn all of your setbacks into blessings. 

God bless you! You can find my E-book on my website www.redtogreeneconomy.com or by visiting https://payhip.com/b/wtez

Earn up to $7500 for one sale!

What dreams do you have and what motivates you to press on?

Please share your thoughts and share this article with a woman or women in your life you love. Connect with us on social media we’d love to hear from you.

WHY GIVING

 
There’s usually for must people a mental war around giving; this topic brings up the question I hear all the time: “If I’m in debt, how can I possibly give?”

the truth is that giving should not be a burden to the giver, giving is a blessing and the most important of all fundamentals. Of course, your family and your obligations are priority but, let’s check your investments where’s your noney really going? When you have an itching for giving you should give how much you give and who you give is up to you. Some of us give out of obedience and gratitude for all the blessing we’ve been given and also because the Bible says God loves a cheerful giver.

 If you’re doing your best to pay all your bills and provide for your family, put giving at the top of your budget.

you can also see Budgets Are Designed to Help You Get Traction and Ultimately Win With Your Money




When you put giving at the top of your list somehow all your needs will be taken care of God doesn’t stays with anything.

There are two types of giving in the Bible as evangelical Christians we see. There are tithes and offerings. The tithe is off the top of your income before you do anything. That’s why tithing is on the first line of our budgets.

After that, other offerings are almost impossible to find in Scripture until your family is first taken care of. What we suggest is, unless you feel very strongly that God is telling you to do otherwise, the normative storyline that we find in Scripture is that offerings are from surplus. While your family is in debt and you are cleaning up your mess, there’s no surplus.

Just because something pulls at your heartstrings or somebody puts you in an arm twist or you hear a toxic sermon or something does not mean you need to give offerings above a tithe.
 In all cases make sure you pray about your givibg and give gladly, no one should control nor manipulate you into giving, maybe you feel lead to give out of your surplus if it is something you think you should do just ask yourself, am I giving beyond my means? Because giving beyond your means living beyond your means, unless you’re willing to cut back on your cable bill.




How much could you give if you cut back your cable bill? Do you really need all those channels? Or what if you cut back on eating out to one night a week? How much could you save by going to a new grocery store?

You can also see The Secret to Saving Money

You’ll be amazed at how just a few sacrifices can make a major difference and allow you to give in ways you’ve never given before.
when you give is not only the receiver who is in the receiving side, you’re also on the receiving side but in a different way. You receive the joy and satisfaction of being a blessing to someone in need and at the end giving does more for you the giver than the receiver.