:: INVESTMENT ::
Learning to save is tricky, however, when we learn this valuable skill it makes for a better life all around. Being a spend thrift is not easy, especially in this economy. Conscience effort to save is more than just a character bonus, it’s actually a way of life. Here are some tips for saving and ultimately investing the QueerBOIS way…
- Schedule a savings of no less than 10% per pay period. This money is the basis for the savings you are ultimately working towards. Having some savings helps to alleviate worry, stress and poor planning on your part.
- Research and design a budget and stick to it. PERIOD!! Managing your money via a budget is a full proof way to avoid future problems. It also helps to build self-awareness and potential business ventures.
- Pay on your debt. Many of us are not educated on how to and why to pay on our debts and avoid delinquencies. We live in a society of credit and instantaneous want. So, It is important to know how to manage debt. By remaining in control of your debt and being consistent in your payments you are helping to build a credible financial profile as well as help to build budgeting skills and responsibilities.
- Shop smart. With the advancements in technology and access, there is no limit to the number of discount options we can obtain. Online sources like Scoutmob, Groupon, Foursquare and LivingSocial just to name a few, are great options to consider. Even grocery stores like Kroger have smartphone apps that allow you to find discounts, in store savings and upcoming deals to help us maximize on our shopping. Another option is teaming up within your community. Partner with friends/family in your community to buy collectively in bulk and maximize on those resources as best as you possibly can. Bulk is not only smart, its fashionable. Who wants to run out of toilet paper during those crucial gatherings, queer-family potlucks and the like.
- Avoid impulse buying. As a QueerBoi it is critical to know your fashion, style and need. Of course we’ve all being in Marshalls and seen a shirt or pair of jeans that fit, are a perfect color or great price. But these moments are happenstance and not actually the norm. By being strategic in your spending you can not only pay respect to your budget you can show yourself that you can remain thrifty and QueerClean at all times.