3 Ways to Take Charge of Your Money
Do you find yourself struggling to create a budget or save for retirement? You are not alone! 3 out of 5 people don’t know how much they spent last month.  That’s 33% of Americans who do not have a budget for the month. 
It’s time to confront your financial fears by changing your habits today so you can change your life tomorrow! Here are 3 ways to take control of your finances and give your savings a boost for a better future:
1. Trim Unnecessary Expenses – First, figure out where your money goes. After creating your list, it’s time to decide what is a necessary expense versus a luxury expense. Here are some examples of areas you could cut or scale down:
· Cut subscriptions or cable
· Use generic products instead of name brand
· Get creative with leftovers
2. Live Within Your Means – Like the old saying goes “live on less than you earn.” Get real about your needs and wants. You can achieve this by:
· Prioritizing expenses
· Paying down debts
3. Get Comfortable Watching Your Retirement Savings Grow – In America, the median household retirement account balance is $50,000.  Once you’ve created your budget, put your newfound savings toward your savings goals. These areas should include the following:
· Emergency savings
· College savings
· Retirement savings
Throughout this process, be patient, stay the course, and remain focused on your budget and savings for your financial future.
 Debt.com. 2019 Annual Budgeting Survey. April 4, 2019.
 Mint spending knowledge survey (via Google Surveys). May 2020.
 Transamerica Center for Retirement Studies. “19th Annual Transamerica Retirement Survey: A Compendium of Findings About U.S. Workers.” December 2019.