• Nequetta Alford

Want To Know The Secret To Finding Money At Home?

Updated: Apr 5

Read the Blog to find out how finding money is as simple as looking for it.



The Secret to Finding Money at Home is Taking the Time to Look For it.


This is an interactive blog so you'll need a pin and a pad to answer some questions.

The Secret to Finding Money at Home all started as a question:


Why aren't finances taught in school?

How do you save and invest?

Is it hard to learn how to invest?


Over the years I have been asked question about saving, budgeting and investing. For years I always practiced savings some, investing some, and having fun with some money. In the finance industry many people use the term: The 50/30/20 Rule. It means you should reserve 50% of your budget for essentials (food, rent, etc), 30% for discretionary spending (personals and habits) and 20% for savings (emergencies). A few years back I discovered how disciplined am with money. My financial adviser acknowledged that I am his youngest female client who has keep the same saving consistency for over ten years. I challenge myself to find young women to mentor to understand their finances inevitably to live a better lifestyle and build generational wealth.


Let's have some fun during this quick assignment that will surely make you rethink your finances.


Saving money isn't about looking for another job or hustle. It's about sitting at the table and knowing what's coming in, what's going out, as well as when is due (due dates are key). Now let's save you some money so you can start your savings.


WHAT BILLS ARE YOU PAYING AT HOME THAT YOU ARE NOT REAPING THE BENEFITS OF OR COULD GO WITHOUT?


Cable Ex. I cut my cable off 4 years ago. My monthly savings was $66. My yearly savings was $792.


Cell Phone Ex. I called Sprint to see my average usage and got a plan that fit. My monthly savings is $16. My yearly savings $192.


Bundles Ex. I bundle my insurance (auto and homeowners. My monthly savings is $21. My yearly savings is $252.


NOW ITS YOUR TURN. WHICH BILLS CAN YOU AFFORD TO CUT OR NEGOTIATE?

1.___________________________

2.____________________________

3.____________________________

List the amount you currently pay, how much you pay after cutting the bill or negotiating a better rate. Use a journal to track your monthly and yearly savings with those funds.


WHAT ABOUT OLD PURSES, INK CARTRIDGES, AND REWARD SAVINGS


Old Purses

Ex. I went through every purse in my room and found $26. That’s a new savings addition of $26.


Ink Cartridges Ex. I return my old ink cartridges 10 at a time monthly for $20 in Staples credit. That’s an extra $27 a month I spend without the savings and a yearly ink expense of $162. I save $240 that over $78 of credit savings.

Rewards savings Ibotta Rite-Aid, Plenty Points Points from Traveling And so many other rewards

Please write down other rewards that save you money: _________________________________________________________________________________________________________________________________________________________________________________________________________________________________________.


NOW ITS YOUR TURN. CHECK OLD PURSES, INK CARTRIDGES, ASK FRIENDS FOR INK CARTRIDGES AND FOLLOW UP CALLS FOR BUNDLE PACKAGES OR NEGOTIATE A BETTER DEAL AS A LOYAL CUSTOMER, AAA MEMBER OR AARP MEMBER.

1.___________________________

2.____________________________

3.____________________________

FOLLOW THE SAME PROCESS AND DOCUMENT WHAT YOU PAY NOW AND WHAT YOUR SAVING NOW AND YEARLY.


WE'RE JUST GETTING STARTED. DID YOU CHECK YOUR REWARDS,

POINTS AN COUPONS? Points

Ex. I book most flights via Expedia and last month I saved $20 on a flight to Texas from simply collecting free points. My Trip Savings are about $20 a month.


Coupons Ex. I use newspaper, store, and coupon booklets for coupons to save. When I do shop with coupons I save. On average every month I save $1-$6 using coupons.


YOU ARE NOT SAVING REWARDS, COUPONS OR POINT MONEY IF YOU'RE NOT REALLY STORING UP THE MONEY.

YOUR TASK IS TO START USING COUPONS, POINTS AND REWARDS BEFORE SHOPPING THEN STORE IT UP.


PLEASE TELL ME YOU'RE DON'T HAVE A BUNCH OF GOOD CONDITION UNWORN SHOES AND CLOTHING JUST SITTING NOT SITTING AROUND?

Sell them.


You can make for you new or gently used cloths, shoes and electronics on places like Posh Mark, Facebook Market Place, Ebay or Flee Markets.


Selling items is a great way to declutter while at the same time make a little extra change on the side.

OTHERS WAYS TO FIND MONEY AT HOME:

BOOK SELL SHOPPING HIATUS SHOP WITH INTENT AND A LIST HAVE A BUDGET LEAVE YOUR CREDIT CARD HOME SPEND WHAT YOU CAN AFFORD AFTER ALL MONTHLY EXPENSES

GET AN ACCOUNTABILITY PARTNER TRACK YOUR MONEY SEARCH YOUR CAR SEARCH YOUR BASEMENT SEARCH YOUR CLOSETS MORE IMPORTANTLY SEARCH DEEP INSIDE TO ENCOURAGE YOURSELF TO FIND SAVE MONEY NOT JUST FIND IT.


Shocking Ways to SAVE

Pay your mortgage biweekly Pay your car insurance yearly Pay your home owners ins yearly Maximize on 401 (k) Invest a percentage of your income taxes Pay credit cards off monthly Give gifts a spending limit Pack your lunch for work.

Cook at home more

Walk instead of Uber

Make additional principle payments: towards your principal on: 1. Car Note 2. Mortgage

3. Student Loans


I hope this information was as helpful to you as it was to me. I have been utilizing tools like this and my book club to leverage my money and time. If you would like more information on how to complete a quick budget. I recommend you grab: The B Word We All Hate. The B Word We All Hate is all about taking the time to create the perfect BUDGET to hit the goals you want to see.

WE want to hear all about how much money you found at home and your budget so keep us posted by commenting and follow us on all social media platforms @streambuildersbwow. Also if you need an accountability partner to help you reach your personal or business goals click here to schedule your free consultation.


Like us on Facebook and Follow us on Instagram and Twitter. We'll follow back!


#streambuildersbwow #streambuilders #accountabilitybullies




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