Be Frugal (Not Cheap) in the New Year

Clare K. Levison, CPA

What you need to make a change – education & motivation

“The best time to plant a tree was 20 years ago. The second best time, is today.”

Chinese Proverb

Myth: Personal Finance is Complicated

• Learn what you need to know to accomplish the things you want to accomplish

• This is a great time of year to start simplifying (KISH)

• Get rid of / stop buying things that clutter up your life

Truth: Life is Plan B

Set Goals

• You CAN achieve your goals while balancing other responsibilities!

• Create goals you can get excited about so you’ll continue to be motivated

• Retirement Condo on a golf course

The Two Paths to a Brighter Financial Future

Increase Income

Decrease Spending

Increase Your Income

• Be a go getter!

• Look for education & certification opportunities

• Affiliations with organizations

Find Your Frugal Side

• Frugal isn’t cheap, it’s smart

• Take the emphasis off material things

• You aren’t what you own

Decrease Your Spending

• Re-establish your priorities

• Make frequent use of “I’d Rather”

• Being debt free & having solid savings brings a feeling of freedom, security, and peace of mind

Look for Less Expensive Options

• Find more affordable ways to do the things you want to do

• You’ll find additional room in your budget

• Frugality with small purchases will lead to frugality with large purchases

https://www.360financialliteracy.org/Tools/Money-Secrets-Infographic

Create a Financial Support Group

• Book Club • Interact with me on Facebook • Feed the Pig

Get involved in an ongoing financial discussion!

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Stay In Touch

• Website: www.clarelevison.com

• Facebook: www.facebook.com/AuthorClareLevison

• Twitter: @clarelevison

• LinkedIn: Clare Levison