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Living below your means
Personal Finance Elena Storle Personal Finance Elena Storle

Living below your means

Living below your means is the idea of spending less than what you’re bringing in monthly.
This applies to your daily spending but I’d like to focus on your bigger purchases - home, vehicle, any of those things that require a lending institution

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The Effect of Time
Personal Finance Elena Storle Personal Finance Elena Storle

The Effect of Time

An important thing to keep in mind when planning for your financial future is the effect of time.

If you start investing now rather than waiting a decade or 2 can help you significantly in the long run. Evaluating two different scenarios, one with a retirement goal and the second with a monthly investment goal.

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It’s Net Worth Time!
Personal Finance Elena Storle Personal Finance Elena Storle

It’s Net Worth Time!

Every month, I calculate my net worth and track it. This has been a great tool to keep me motivated on my financial journey. I’ve been able to see the changes in my finances on a monthly basis and compare to where I was last year.

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Debt Repayment
Elena Storle Elena Storle

Debt Repayment

Most people have debt. How’s your mindset around debt? What debt repayment strategy works best for you and your circumstance?
Provide a high level overview of the avalanche and snowball methods along with some questions to ask yourself about your relationship with debt.

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Emergency Fund
Personal Finance Elena Storle Personal Finance Elena Storle

Emergency Fund

 As someone whose been unemployed since the end of July, I can speak from experience that an emergency fund comes in handy. Having this buffer has allowed me to be selective in finding my next position and making sure that I’m looking for something that truly aligns with me, rather than jumping at the first available option.

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