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Take Charge of Your Money Through a Few Easy Steps
The hardest part is getting into the right frame of mind
Money moves have been top of mind as the world tries to get its emotional and fiscal feet back on steady ground. Those who can afford to pop their heads up and look around face a host of challenges.
Among the advance scouts are “wealth whisperer” Winnie Sun and marketing and brand strategist Chelsea Krost. During Krost’s #MillennialTalk Twitter chat, they discussed how those able to do so can put their funds in the best position to ride out the coming months and beyond.
Amid uncertainties, financial stability is relative. Those in essential services might be financially stable but perhaps burnt out nervous wrecks. Those in a service industry are just wrecks.
“Focus on what you can control when it comes to your money,” said Krost, who cut her teeth as a millennial expert. She gave these tips:
- Get clear on your monthly overhead.
- Get realistic on where you can cut back.
- Spend less and stash more — mindset shift.
- Avoid your spending triggers.
- Look for savings before you buy.
