Penny Perspective

Penny Perspective Use your money as a tool to reach your goals and enjoy life along the way!

Good morning everyone! Due to the effects of Covid, some auto lenders are providing loan adjustments. One, in particular...
02/26/2021

Good morning everyone! Due to the effects of Covid, some auto lenders are providing loan adjustments. One, in particular, is lowing interest rates and with that, lowering the monthly payment. If you’re in a position where you absolutely need to make a reduced payment, by all means, pay the reduced amount. But if you can, continue to make the same monthly payments. This is one way to accelerate your financial growth. When we have our financial life in order, we can take advantage of lower prices as a result of say a pandemic. This is what makes the statement “the rich get richer, while the poor stay poor” true. With a lower interest rate, and lower payments you may pay the same in total (in some cases you end up paying more) but the loan is being dragged out further. With a lower interest rate, making the same payments, you’ll pay off the auto loan faster and pay less in interest. Now if you are using the difference to apply toward something that will make you more than what the loan costs you, that’s a different story. Everybody’s situation is different. Apply useful information accordingly 😊. Stay encouraged!

Good morning. It is Friday! Your net worth has nothing to do with your self worth. It is only a snapshot of your current...
02/19/2021

Good morning. It is Friday! Your net worth has nothing to do with your self worth. It is only a snapshot of your current financial situation. Your starting point on your way to growth. I want to share what I’ve learned that truly helped me on my journey to financial peace. Start where you are with what you have. We often strive for more, without taking account of what we’re doing with what we already have. I encourage you to create a budget and track it regularly, even if for just 90 days. Create a plan for how you will spend and save every dollar of your income. Then track it once a week to see how what you actually do with your money lines up with your plan. This is not to beat yourself up about what you’re doing or not doing. This is to be revealing. There is healing in revealing. This has helped so many people become more mindful of spending habits, which tend to be closely related to our mood. Striving for growth is perfectly natural. When we’re good stewards of little, we will be good stewards of abundance. Sisters stay encouraged. Have a fearless Friday! 😊

Budgeting tools: https://www.everydollar.com/, https://mint.intuit.com/, Excel sheets, pen & paper work just fine too.

If you have a budgeting tool or system that has helped you, please share.

Just a reminder for those who want to join us :) Email coach@pennyperspective.com with any questions.
01/21/2021

Just a reminder for those who want to join us :) Email [email protected] with any questions.

04/08/2020

What to do financially while your waiting out effects of the Corona Virus

03/31/2020

Steps to take when you're in the middle of a financial disaster. Also how to plan for financial emergencies before they happen.

Peaceful Inspiration
03/19/2020

Peaceful Inspiration

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