Jill Russo Foster

Tips for Successful Personal Finances

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Financial Literacy Month #27

There are other types of insurance you need.  If you own or lease a car, you need auto insurance.  If you own a home / condo, you need homeowner insurance.  If you rent an apartment, you need renter’s insurance.  With what is going on in the country (floods, wildfires, mudslides etc.) Make a plan to have your needs assessed so that you’re covered for anything that may happen.  #JillRussoFoster #FinancialLiteracyMonth

Financial Literacy Month #26

Let’s talk about insurance.  Do you have all the insurance coverage you need?  Do you have health insurance to cover medical care when needed?  Most employers offer this to their employees.  If you don’t have it through your job, there are other ways to access health insurance.  Every state offers some type of insurance.  One major medical incident can ruin a budget without insurance. #JillRussoFoster #FinancialLiteracyMonth

Financial Literacy Month #25

Do you cook at home or eat out (that includes take out)?  There is a huge difference in your cash flow by the choice you make.  Consider cooking at home and make double portions, so that you can freeze one for another time or take it for lunch. #JillRussoFoster #FinancialLiteracyMonth

Financial Literacy Month #24

Some of the things that we do in our household to save money:  I cut my husband’s hair, we take our own recycle and trash to the transfer station, we walk to do our errands, we do our own yardwork (cutting lawn, trimming bushes, snow removal, etc.) #JillRussoFoster #FinancialLiteracyMonth

Financial Literacy Month #23

Do you have a surplus or deficit with your budget? We all know we can reduce or eliminate expenses.  But sometimes this is not enough.  Sometimes the answer will be that you need to increase your income or a combination of both.  It’s something o think about. #JillRussoFoster #FinancialLiteracyMonth

Financial Literacy Month #22

If you want to track your spending, there are many ways to do this: pen and paper, receipts for all spending, use your debit / credit cards or an app to see where your money is going.  If you would like a copy of my budget tracker formulated in Excel let me know and I will give you a copy. #JillRussoFoster #FinancialLiteracyMonth

Financial Literacy Month #21

I would be remiss if I didn’t mention budgeting.  When was the last time you tracked your spending?  If you can’t remember when, it may be time to do this again.  Learning where your money goes will help you to make changes so that you meet your goals.  For example, “should I buy _______ or should I not spend this now and put it towards my goal of ____________.” #JillRussoFoster #FinancialLiteracyMonth

Financial Literacy Month #20

Consider paying your bills annually.  Most times paying once a year (or even twice a year) could save you money.  For example, Amazon Prime is $14,99 / month versus $149.99 annually – that’s a savings of $30.88.  We pay our auto insurance annually to save money. #JillRussoFoster #FinancialLiteracyMonth