Conversation #38 Relax & Take Notes | The Savings Mindset Episode Part II

Send a textHello Hello & Welcome Back to Mindfully Rich Podcast for the saving mindset Part II episode!  Before we start my Savings Challenge which will begin the first week of January 2021,  I gotta make sure y'all minds is ready to save!  Mindful Money Moment SegmentMusic Inspiration - Relax & Take Notes | 8Ball & MJG feat. The Notorious B.I.GMain 3️⃣ gems dropped this episode include;💎Decrease your spending by ✂️ back on eating out, and entertainment, reevaluating your  membership accounts, utility bills, car insurance, cable/phone bills, and restructuring your current debt obligations with consolidations or refinancing.    💎Open a savings account for the savings challenge so you can monitor your progress for this particular savings goal.💎Get an accountability partner before the last week on December.  This person should be someone you trust and some that will push you to achieve your goal!Once again Mindfully Rich Podcast will be hosting its first  Savings Challenge, but because I want us to be successful the Savings Mindset Episode Part I & II are guides to explain how to building savings habits through following a process, and how to eliminate debt to make room for saving money.Remember a systems mindset is when you give your mind perspective into what you need to change in your life to make a goal come to fruition.  For this specific savings challenge, we're developing a savings system that will affect our overall physical, mental, and financial health for the better!We’re also following the S.M.A.R.T goals system to accomplish this savings challenge goal;• Specific | $5K is the challenges savings goal• Measurable |  Each week the savings amount will be posted on Mindfully Rich Podcast IG & Facebook page• Achievable | In December you'll have to analyze your finances to determine what you'll need to do to make this goal achievable to complete the savings challenge• Results-Focused | Throughout this savings challenge our focus is on making a way to achieve the goal and the result will be saving $5K• Time-Bound | This is a 52 - week savings challenge and the goal is to focus on hitting our end result goal of $5K at the endFinancial Self Care Tip of The Week SegmentLastly, for the financial self-care tip segment, I gave y'all the amount you'll be saving the first week of the challenge $20.  In your journals, write down week 1 = $20Next, open a savings account at the credit union of your choosing.  You need a separate saving account for this challenge and you'll thank me in the end I promise🙌🏾! Get👏🏾 Into👏🏾This👏🏾Conversation Chile!!!!!Make sure youS U B S C R I B EListen•Listen•ListenShare•Share•Share🤗🙌🏾🙏🏿🤗🙌🏾🙏🏿Follow & Like the PodInstagram @mindfully_rich_podcastFacebook - Mindfully Rich PodcastSupport & donate to Mindfully Rich PodcastBy Cash App  - Mindfully Rich Podcast = $RichE85Now Accepting Interview Bookings, Sponsorships, Advertising  &, CollaborationsEmail - [email protected]#mindfullyrichpodcast #mindfullyrich #mindfullyrich5ksavingschallenge #savingmoney #savingmoneytips #savings #mindset #mindsetiseverything #moneypodcast #financetips #financepodcast #savingschallenge Support the show