The 50/30/20 Budgeting Rule Will Change Your Life

How do you budget? There are apps and various systems that can help you take control of your finances. The 50/30/20 budgeting rule is very sensible and can be started at anytime.

A budget is having a plan for every dollar that you have. It makes you more conscientious of your spending habits.

Article By Aura Bea Carter

Do This With Your Bank Statement If You Want To Change Your Life

Financial obedience and repair is not as scary as it sounds. You want to know what is scary? Looking back a year from now regretting that you didn’t take action.

You may have received your most recent statement a few days ago, so check your mail, or online banking documents. My bank issues theirs on the 16th of each month.

When you know better, you can start to do better. And, the first step is admitting what money habits are keeping you from reaching your financial goals.

Teaching You That Wealth Is In Reach,

Aura Bea Carter

👉🏾Follow Instagram.com/AuraOfWealth for all things personal finance & business success 🙋🏾‍♀️

9 Industries To Enter To Get Rich

The pandemic created a lot of six figure earners and even millionaires. But it also created a panic amongst people who want to make more money but don’t know how.

When I was growing up I wasn’t taught about money. I wasn’t encouraged to discover my passion or even think about what field of work I wanted to be in.

I know I’m not alone. Many from my generation were told to, “Go to school and get a job.”

Not having any guidance in personal financial or building wealth is a major setback compared to those who do.

When it comes to creating a successful lifestyle many don’t know where to start. If this is you, let me know in the comments below the type of content you’d like me to post.

Sincerely,

Aura B. C.

Balance Transfers: What, When, How

Balance transfers are great for some people, and meh for others. Keep reading to find out whether a balance transfer is right for you.

Ah, credit card debt.

The issue with credit card debt, as many of us know all too well, is that the interest rates are so high; and that starts a vicious cycle where you’re busting your butt to pay off debt that is snowballing into a bigger and bigger sum.

At its most basic level, the goal of a balance transfer is to take all of your credit card debt and transfer it over to a new credit card with a much lower interest rate— or better yet, a card with an introductory period (typically lasting between six months and two years) with 0% interest .

The strategy with a balance transfer is to pay off all of your debt during the period when you’re not accumulating interest, because everything you put down goes straight to the principal, baby. No more snowballs. This is great news because not only does it mean that your debt will stop growing, but it also means that you will be able to pay your debt off more quickly because the debt has stopped growing.

If it sounds like it’s a great option, it is… for some people. But balance transfers are not a great fit for everyone.

Before deciding to go with a balance transfer, I want you to think through these five things:

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