“Give every dollar a job! When you have clear purposes defined for your income, you take control of your financial future instead of letting spending happen by default and savings happen by accident. Start small with your savings if you need to, but stay consistent (think of it as a non-negotiable bill), and challenge yourself to gradually increase your savings on an annual basis.”
—Katrina Kaschinske
LumaFi Advisor Group, Frankenmuth, Michigan
“My finance professor in college always emphasized the importance of paying yourself first. In other words, prioritize eliminating debt so that more of your income can be directed toward your financial goals. Once you’ve tackled debt, take the time to create a clear, actionable plan for what you want to achieve. Then, set up an automated system to consistently put money aside. Even if you can only start with a small amount, saving something is always better than saving nothing.”
—Kavon Westberry, financial advisor
Virtual Advice Team
“My best savings advice came from my father, who was a pastor and broker. He said, ‘Give the first 10% to God, pay yourself the next 10%, and learn to live on the rest.’ I share that with clients and add, ‘Automate that second 10% or it will never happen!’”
—Doug Vernon, financial advisor
Navigator Financial Group, St. Louis
