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Behavioral Moves to Help You Save

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Saving comes naturally to some but can be a challenge for others. Saving alone will not make you wealthy; however, it is the first step in building wealth and becoming financially independent.

Here are behavioral

  • Set savings amount  in advance of windfalls (tax returns, raises, monetary gifts)
  • Leverage transitions ( birthdays, seasons, new moons)
  • Manage your small purchases ( ”Small leaks, sink great ships” )

For more on the 30/40/30 Rule, listen to Episode 116: What to do with a cash windfall? 30/40/30 Rule
30%- Past (debt and loans)
40% – Present- (current needs and wants Emergency Funds)
30% – Future (large purchases, down payment for homes and cars, and retirement)

Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.

Learn more about Ms. Black:


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