Happy Fiscal Femme Friday! We’re out to demystify the world of money and personal finance for YOU. Please share, pin, tweet, etc. whatever moves you so that we can inspire and support a new conversation and language around money together. I can’t wait to hear what you have to say.
5 MINUTE FINANCIAL BLISS TIP: When we first start saving it’s important to build up a rainy day or emergency fund. This is money that you put aside in case of an emergency or unexpected expense and protects you from having to take out expensive credit card debt. The first step to building up a rainy day fund is to figure out how much you want to put aside. Think through a couple of situations where you would use your emergency fund. How many months of expenses would make your feel comfortable? Don’t forget, your spending will most likely look pretty different in the case of an emergency. You’ll just want to make sure you have your fixed expenses, bills and food covered. Take 5 minutes today and figure out how much you would like to have in your rainy day fund. While you might not have that much stowed away yet, you can now make a plan to get there.
FABULOUSLY FRUGAL: I recently started running to my gym classes and realized that this is an amazing fabulously frugal win-win situation because 1) I save $5 by not taking the subway both ways each day, 2) I get my cardio in, 3) I am warmed up and actually have a better workout once I’m in class, 4) it saves time and 5) it’s so fun to run through the city! How fabulous and frugal?! $5 a day might not sound like much, but if I work out 5x a week and run to the gym 2/3 of the year (when the weather is nice) that’s $25 per week x 35 weeks. That’s a total of $875 that I can use for something much more meaningful.
LESSON LEARNED: So you know a couple of weeks ago when I talked about conquering fear and our ever-expanding comfort zones? The lesson continues! Last week I spent three days creating videos, had so much fun and was so excited to see the finished product. When we went to edit the video we realized that the audio echoed and the footage looked pretty dark. Sounds pretty obvious but just because I did it, doesn’t mean it’s going to be perfect the first try. While I felt pretty bummed at first, we researched equipment and redid the shoot on Monday with new lighting and a professional mic. If you haven’t gotten a chance to see our video, check it out! It came out great (if I do say so myself!). If at first you don’t succeed, try, try again! New lesson? Plan, do and repeat until you’re happy with the result.
MONEY INSPIRATION: I’m excited to introduce you to my friend Bozhanka, the Co-Founder of Yunus&Youth, where she helps exceptional young people build impactful social businesses, anywhere in the world. The program currently has 31 fellows from 22 different countries! I have had the honor to work with them and it’s truly a spectacular group of entrepreneurs. I hope you enjoy getting to know Bozhanka!
What’s your #1 Frugal Joy?
Summer Yoga Series in the park.
Do You have a ‘Money Motto?
Don’t spend money you don’t have.
Best money advice you ever got?
Budget and keep track of your expenses. It’s so easy to get carried away and I have my impulse buying moments, so this helps me stay on course.
Where can we find you on a Saturday night?
Hmm it really varies. I like going away for the weekend whenever possible, so sipping a drink at a bar near the beach is my optimal scenario Other than that, I’d usually be just spending some time with friends. I have some work-Saturday nights, it can be a pretty productive period as there are no distractions around.
What are you most excited about right now?
We have just started two new programs at Yunus&Youth and I get to work with some brilliant young people. I am really excited to see how they continue developing and creating impact in the upcoming months. Also, my best friend is getting married in August and I am her maid of honor. I am flying back to Europe soon and can’t wait to see her and my family back home.
How can people connect with you?
Email is the best: firstname.lastname@example.org.
DON’T MISS: The video launch of the 30 Day Money Cleanse is this Monday! Sign up to reserve your seat. It’s going to be incredible! You will save much more than the cost of the program in the 30 days and your savings over the long-term will be tremendous!
I’m offering Fiscal Femme readers two ways to save big up front on either program or both programs – which is what I call the financial wellness double whammy!
1. Sign up with friends. For each friend that signs up for either program, both you and your friend will receive $20 back after signing up. Everything is better with friends and if you have enough friends sign up, the program will be completely FREE. More friends = more $$$.
2. Sign up for the Savvy Investor Course. If you sign up for the Savvy Investor course you will receive the 30 Day Money Cleanse for FREE.