On Tuesday I did another interview for Suzie Suh from CBS 2 and KCAL 9. This time it was on shopaholics and impulse shopping. They asked me to just give tid bits on how to become more financially secure. It's funny that they call me for financial tips for different stories. In reality I am just saying the same things over and over again:Track your Expense- Know where your money is going
Budget your Expenses by creating spending limits
Don't forget to budget for period expenses (i.e. car registration)
Take proactive steps to reduce common expenses (get on the phone and negotiate down your monthly bills, print coupons, cut back on electricity usage, drive less)
Give everyone in the family (including parents) allowances for all of the little things they purchase
Save a minimum of 10% each paycheck for emergencies or unexpected expenses
Focus on debt reduction (cut up retail credit cards immediately!) visit a certified credit counselor at a non-profit agency for help setting up a game plan
Only carry 1 credit card in your wallet and have no more than 2-3 total
Write down all of your debit card purchases in your checkbook registry (where they belong) to avoid any Non Sufficient Fund Fees
Talk about finances as a family- Budgeting is only successful when everyone in the family contributes to its success
Even though I basically say this entire list each time on camera it is up to the reporter to pick and choose which one to put into the story. So... Here is the link to watch the video clip of the CBS/KCAL interview, but you basically just read it in my blog!
1 comment:
That was pretty cool...I like how they flashed someone elses name for you for a second.
That shopper with the pink shirt sort of reminded me of the "cockroach weatherman"....google it if you haven't seen it cause it's really really funny.
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