In this month’s edition of “Talks with Todd”. Todd B sits down and talks with our good friend Angie Royster from JPMorgan Chase. Did you know April is Financial Capability Month? That’s right Financially Literacy month also goes by Financial Capability Month and the focus is still the same; to educate and provide knowledge regarding your behavior, knowledge, and attitudes regarding your finances.
Financially Capability Month is a great way to increase awareness about maintaining good money habits. But also remember that this journey cant just be in the month of April. Do you have an emergency fund? Did you know that more than half of Americans don’t have enough money for a $500 emergency?
April should be your “reminder” every year to review your financal your goals. Look over what you completed last year, what worked well, and what you still need to work on for the next 12 months.
Ms. Royster explains that most are intimated by their finances simply because they just don’t know where to start. Your finances are a simple as 3 tasks: Save, Spend, Earn. Saving More, Spending Less, &Earning More. Visit Chase.com and use tools like their Budget Builder & Wealth Plans where you can see all of your accounts, your loans, and everything all in one place.
When it comes to spending you just have to be really disciplined, don’t fall into temptation of overspending or splurging. You can start by setting up automatic transfers to a savings account. $25 a week can easily turn into $1200 for the year.
Proper budgeting and Financial Planning and looking at unnecessary costs, it can put more money back into your pocket.
Click below to hear this months full interview.