Upgrade Your Life

Tips to Get Ahead Financially

By: Jocelyn Wood | Category: Financial Services | Issue: December 2017

I challenge you not to accept your financial life as it is. This coming year, aim to get ahead — start an emergency fund, build your retirement savings, pay off your debt or take control of whatever money situation is causing you stress.
The key to getting ahead is to get started. Here are some tips to help you make a financial change.

Invest in you

To build your wealth, start paying yourself first. When you receive money, before you spend a penny, put some of it in your savings account or retirement fund. Set up automatic deposits and watch your savings grow with little effort.
Changing your saving habits may require changing your spending habits, but the payoff – not worrying about paying your bills, taking a trip you’ve been dreaming of and retiring on your terms – is worth it.

Stop throwing money away

Paying late fees is like pulling money out of your wallet and throwing it into the wind. Start paying down debt, beginning with the highest interest debt. Pay your bills on time. If need be, call the company and see if you can adjust your due date. Never hurts to ask, and it could save you from paying late fees.

Try the 50/30/20 Budget Plan

Harvard bankruptcy expert Elizabeth Warren suggests splitting your monthly income into three categories:
Fixed expenses – survival needs – should total no more than 50 percent of your income.
Non-essentials – wants like TV, morning coffee, hair appointments – should total no more than 30 percent.
Savings – emergency fund, retirement – should be 20 percent or more.
Match your spending
Have a hard time sticking to a budget? Try this. Before you spend money on something you want, first put the same amount of money in a savings jar.  You will be able to see exactly how much money you are spending, or how much you could be saving or using to pay off your debt. If you cannot afford to match your spending, you cannot afford whatever it is you want to purchase.

Live within your means

Rich people stay rich by living like they are broke. It is a matter of what you value more, instant gratification or freedom from debt and having money when you really need it.
You work hard for your money. Do not waste it on things you do not really need.


Jersey Mike's: Voted Best Sub in Virtually Every Market We Serve!
« All December 2017 Stories

RCB Bank Financially Fit

For more information, contact:


More about RCB Bank Financially Fit:

Top Stories

Treat Your Trees

If you’ve recently made the drive from Broken Arrow south on Hwy 51 towards Coweta, you may have noticed that S&W Tree Specialists are no longer at their longt…... Read more »

Straight Shooting With Customers

Danny Jones and Andy Shidell have a history dating back to college where they were fraternity brothers.  The two became good friends and kept in touch after graduation. ... Read more »

Fostering Hope For Kids

Leslie Yocham, agency training and recruiting supervisor at Choices for Life Foster Care, is often asked what it takes to become a therapeutic foster parent. ... Read more »

Lifelong Learning Online Through ORU

Everyone is aware of the rapid rate in which the world is changing, but all may not be cognizant of how the changes are affecting higher education.  Dr. Jay Gary is…... Read more »

Don't Choose a Health Coverage Plan, Build it!

Becky Brown is a Field Sales Leader for USHEALTH Advisors.  She offices in Tulsa and specializes in innovative life and health coverage solutions for self-employed …... Read more »

Jersey Mike's: Voted Best Sub in Virtually Every Market We Serve!