We are now moving into Transforming Your Financial Life!
I have a confession to make, I hope you will understand. I’m staring at you with my big warm innocent brown eyes, can you feel them?
I don’t exactly care if you have a 700 credit score or not (long awkward pause), let me explain.
Well actually, I do care if you reach your goal of a 700 credit score and all the wonder financial opportunities which go along with it.
But what I really really, really (did I say really) want is for you to have the financial freedom it takes to live out the life and purpose you truly desire. And I know the quickest path to the life you desire is through financial and debt freedom.
As well, because I’ve walked the path you are now walking, I also know in today’s world credit matters period. Even if it’s for a short season while you’re on the road to debt freedom, credit matters and plays a part in many life decisions.
I created the FREE 700 Credit Challenge to help you put those two concepts together, WIN BIG with money and transform your financial life forever!
Today’s Power Play, Create Goal Bowls, is about continuing to use what you’ve learned through the challenge and creating a plan to transform your financial life forever.
Many of you entered the challenge for different reasons:
Whatever you discovered your Why and What to be, it’s time create a full financial transformation plan to accomplish your goals in every area of your life.
With the same power you used to destroy your debt, I want you to continue to save for your other goals.
I said it once and I’ll say it again, online savings accounts are great for this purpose. They are not directly linked to your checking account and and prevent you from quickly pulling money from your savings on impulse.
Here are a few of my favorite options to consider:
1. Digit is totally my new best friend. Digit is a new and really cool app that takes the fear and guess work out of saving. It's completely automated and works without you having to think about it. As well it puts THE POWER TO SAVE right in your hand, literally.
You can make a transfer into your savings at anytime right from your phone, through text message (my favorite) or mobile app.
Example, let say you plan to eat out and splurge on the lobster combo platter for $35 but have a change of heart and choose a less expensive item for $20.
You can transfer the $15 difference over right there and BOOM you’re one step closer to reaching one of your financial goal. You were prepared to spend it anyway, right?
Another Digit example which I love love uses the 52 week savings plan.
This is how it works, starting with $1, saving weekly for the 52 weeks of the year and increasing by $1 each week equals $1378 at the end of the year. Click HERE to see and example of the saving spreadsheet.
You can transfer your weekly deposit amount over to your Digit account right from your phone. Once the money is out of site it will be out of your mind! Sit back and watch your savings GROW!
2. MagnifyMoney.com let’s you compare and find saving accounts with the best interest rates.
3. Automate, automate & automate (local bank or online) - Remove the extra step of trusting yourself (don’t do it) to make a transfer or deposit into savings. Most of us are never going to feel like it so get over yourself and get ‘er done.
4. Save Away - choose a separate bank to save AWAY from where your checking account is located with limited branches aka limited access. This will give you more time to think before you go into your savings.
**Do nothing without PEACE! This is the motto, theme & truth I used in my decisions. All that to say I don't make recommendations easily. Either I've personally tried it out myself, I researched it to death or it's come through a long time trusted resource. Usually, it's all three. I may receive a small commission for any or all resources mentioned on this site. This allows me to give killer life changing content for the FREE and still keep the lights on. NO recommendation comes if I don't have PEACE.