Saving Cents with Common Sense

Oct 3, 2022

In light of the recent interest rate increases, in light of the potential of a financial crisis, in light of any future crisis, there are some common sense issues you need to be aware of and tasks to implement. Let's talk about how to manage these issues in your business and personally.

 

"The debate is in full swing whether there will be a recession or not but what there seems to be full agreement on is that the economy has slowed."

"With credit card interest rates almost doubling, make sure you are paying your credit card balance in full by the due date."

"Set up a weekly autopay for credit cards that are close to maxing out monthly."

"Downloading credit card charges into your accounting software will give you oversight to what is being charged."

"Big box banks tend to offer the lowest (savings accounts) interest rates."

"Make your money work for you. Do not overlook this opportunity."

"You don't necessarily want to show up to a battle with a kitchen knife, right?"

"I love being able to see at a glance what I have earned and spent and how that compares to previous years."

"Maybe we should all run our businesses and work on evaluating our financial reports as if Warren Buffet was going to sit down and review our financial reports with us!"

LINKS & RESOURCES

SNL Skit: Can I Buy It  https://www.youtube.com/watch?v=R3ZJKN_5M44

Bankrate.com Savings Account Interest Rates: https://www.bankrate.com/banking/savings/rates/

Bankrate.com Savings Account Calculator: https://www.bankrate.com/banking/savings/simple-savings-calculator/

Money In, Money Out Book

QuickBooks Extreme Makeover 

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Susan's Website: https://susangunnsolutions.com/

SGS Phone: [phone]