July 20, 2017

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money

 

M Your first step to recession proofing your life is to have an emergency fund.  But don’t stop there.  That fund, which should be living expenses for 6 months, is not enough.  Important 2nd step  Always live within your income.

 

V  Its tempting for younger couples to believe their future income will always go up.  We know better now.  Employment is a bumpy ride .

 

M  That habit will serve you well.  I experienced and income drop becoming a widow.  Yes, I cut and carved my budget.  Today, those things I cut, I don’t miss.  I’m quite content without what I thought I needed before.

 

Your income dictates your spending, not your desires.

PODCAST