Behavioral Moves to Help You Save Artwork

Staying in the Black

Stay in the Black is dedicated helping teachers get their money straight and live their fullest life on a public servant salary Are you a teacher living check to check? Are you worried about your student loans? Can you afford to purchase a home? Can you afford to have children or send them to college? In this podcast we will cover pensions, student loans, side hustles and ways to maximize and expand your finances. We will also cover budgets, saving, credit and more! You will find information, interviews, book reviews and you will leave with action steps to help you Stay in the Black, for more go to stayingintheblk.com

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Staying in the Black

Behavioral Moves to Help You Save

August 04, 2023 • Ms. Black

Saving comes naturally to some be can be a challenge for others. Saving alone will not make you rich however is the first in step in building wealth and becoming financially independent.

Here are behavioral

Set savings amount in advance of windfalls (tax returns, raises, monetary gifts)
Leverage transitions ( birthdays, seasons, new moons)
Manage your small purchases ( "Small leaks, sink great ships" )

For more on the 30/40/30 Rule listen to Episode 116: What to do with a cash windfall? 30/40/30 Rule
30%- Past (debt and loans)
40% - Present- (current needs and wants Emergency Funds)
30% - Future (large purchases, down payment for homes and cars, and retirement)

Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.

Learn more about Ms. Black:

Website: http://www.stayingintheblk.com

Instagram:@stayingintheblk