My Favorite Money Management Strategies & Resources

1. RocketMoney  RocketMoney allows me to create a budget for my personal life, and my business life. One of my favorite features of Rocket Money is how it allows me to see all my subscriptions in one place, and cancels them for me– no more random apps after their free trials!

2. High Yield Savings Account 

Having a High Yield Savings Account allows me to let my savings grow even more. I prefer Ally Bank. With a 4.00% rate , and the ability to categorize my savings, I feel like my money is going even farther. 

3. 50/30/20

The 50-30-20 rule involves splitting your after-tax income into three categories of spending: 50% goes to needs, 30% goes to wants, and 20% goes to savings.

4. Protecting my Money 

Protecting your money and financial future involves proactive steps like consulting a Financial Advisor, opening an IRA (either traditional or Roth), and protecting your assets with insurance, including disability coverage. These measures can help provide protection against unforeseen circumstances. 

5. Books

Access to insightful resources such as podcasts and books is invaluable on the journey to financial empowerment. I highly recommend The Financial Feminist and Worth It: Your Life, Your Money, Your Terms, as well as books like Get Good with Money: Ten Simple Steps to Becoming Financially Whole. These resources offer practical advice and strategies to enhance financial literacy and financial decision-making.

By leveraging tools like RocketMoney, maximizing savings with a High Yield Savings Account, adhering to the 50/30/20 rule, protecting assets, and enriching financial knowledge through accessible resources, you can work towards achieving greater financial stability and success.