Daily Blast Live: How To Jump Start Savings and Pay Down Debt

by | Aug 26, 2019 | Finances | 0 comments

Looking to budget for a family of four for a European vacation? Or maybe you are needing some help because your kids college tution is eating into your retirement? From the Daily Blast Live studio, Tory Shulman and I dig into what you need to jump start your savings and pay down debt! Viewer question: How Can I Budget for a Vacation?
  1. Determine how much time between now and the start of your vacation
  2. Divide the cost of the vacation by the amount days before the vacation begins
  3. Put that money into savings each
This is a simple way to not go into debt for travel and vacation. Viewer Question: My Kids Student Loans are Eating Up My Retirement
  1. Always focus on your retirement FIRST
  2. Start looking into 529 college savings plans for future kids
  3. Offer your kid a down payment vs footing the entire bill which leaves them to get creative with education
  4. Get them involved with paying thier tuition. Scholarships, work study programs or getting a job!
 

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Phylecia Jones

Hi! I am a traveler, happy hour lover, #STEM advocate, and computer scientist that stumbled upon building a career as a television money nerd, TEDx speaker and Founder of iFind You Close, finding speaking gigs across the globe.

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