The Secret to GROW SAVINGS by 30%!
Many people struggle with saving money, even if they make good money. Traditional budgeting can be difficult to implement on a daily basis, leaving individuals unsure of where their money is going. In this video, viewers will learn about a simple trick to increase their savings by 30 percent without sacrificing their spending habits and trips to their favorite stores, like Target.
The solution is to open a spending account separate from their main operating account. By doing so, individuals can keep track of their spending and have a clear idea of what they have left to spend. This method allows for guilt-free spending while still ensuring bills are paid on time and money is being saved. In this video, Lisa Chastain will delve into how a spending account works, the benefits of using one, and how it can increase savings.
Key Takeaways
- Stop traditional budgeting and open a spending account to increase savings by 30 percent.
- A spending account allows for guilt-free spending while ensuring bills are paid on time and money is being saved.
- By using a spending account, individuals can keep track of their spending and increase their savings.
The Problem with Traditional Budgeting
Traditional budgeting can be a tedious and time-consuming process that often leads to confusion and frustration. Many families struggle to keep track of their expenses and end up overspending or not saving enough. The traditional method of budgeting involves creating a detailed plan for how to allocate funds for various expenses such as bills, groceries, and entertainment. However, this method can be difficult to implement on a daily basis and often requires a significant amount of discipline and self-control.
One of the main issues with traditional budgeting is that it can be challenging to keep track of all transactions in one account. For example, if a family is using a debit card for all purchases, it can be challenging to know exactly how much money is available for a particular expense. This can lead to overspending and confusion about how much money is actually available for savings.
Additionally, traditional budgeting can be inflexible and does not allow for unexpected expenses or changes in spending habits. This can lead to frustration and a feeling of being trapped by the budget.
To address these issues, Lisa has created a new approach that involves opening a spending account. This account is specifically designated for spending and allows families to track their expenses more easily. By separating spending from bills and savings, families can gain greater clarity on their overall financial situation and make more informed decisions about how to allocate their funds.
By implementing this new approach, families can increase their savings by up to 30 percent without sacrificing their trips to favorite stores like Target. The spending account provides greater freedom and flexibility while still allowing families to stay on track with their savings goals. Overall, the problem with traditional budgeting is that it can be rigid, inflexible, and difficult to implement on a daily basis. By adopting this new approach, families can gain greater clarity and control over their finances and achieve their savings goals more easily.
About Lisa
Lisa recommends opening a spending account to increase savings without having to cut out trips to favorite stores such as Target. She suggests putting money into the spending account every paycheck and using it for spending only. Any leftover money after bills are paid should be moved to savings. By using this system, Lisa has seen that clients have increased their savings by at least 30 percent every month.
Lisa invites the audience to take her “Stop Budgeting” course to learn how to implement this system step by step and achieve financial freedom. The course promises to teach how to pay bills, spend guilt-free, and build wealth.