JENNIFER HALEY, CPA
Hi there, I'm Jennifer Haley, CPA. I'm here to help business owners get a handle on their finances so they can get back to doing the things they love.
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Intentional Spending is the MOST important tip I can give!
Did you know that if you skip your weekly coffee and invest that money in your TFSA you could have $21,000 in 25 years! Or if you put that money on your credit card you will make a total extra payment of $285 within a year.
You're thinking, "Jenn yes my parents have always told me to cut out 'dining out' and I will be able to save for retirement. But I still don't listen to them because I like having fun!"
My response....Yup, stripping yourself of your enjoyment will not save you money!
This tip isn't about physically putting that coffee money in a jar, it's about being intentional in how you spend your money.
Raise your hand if you are like me, buy 3 beer at the brewery when 2 would have sufficed 🙋♀ (local breweries/coffee shops, I love you! Trying to make sure your customers have money to continue to spend with you long term!)
Instead shift your mindset, is the money I'm about to spend worth it, worth messing with your retirement plan, or your travel savings? For the next week (at minimum) when you spend money ask yourself, can I scale this back, am I actually going to enjoy this purchase or am I just doing it to do it? Is this purchase worth risking my goals?
Let me know below how much you save in a week asking yourself these questions 👇