Borrow Smart, Repay Smart: Spend Less, So You Can Save More

Dear Borrow Smart Family,

Is it me, or does the word “budgeting” sound like something Jabba the Hut burped out?

I know, I know; budgeting can seem tedious, and it can take some time to figure out. However, there are a few resources and tips that can make it a lot bearable, if not easy to digest.

My lesson #28 shares this: Spend less, so that you can save more.

Seems like a simple idea, right? Most of us, are typically on a fixed income – with maybe an annual or quarterly bonus that comes along – so it’s essential to identify small ways to be able to put more money away for long-term goals.

Those tiny wins can stack up significantly over time (40K+ even) as I delve into it in my video below:

Big expenses are easy to track; it’s usually a lot of those little things like a book subscription or daily coffees, that add up over time. I challenge you this week, to grab your journal and your last month or so of statements to comb through your expenses to see: Where are you able to make a small (Or large) edit in your spending?

Let me know in the comments what you think!


About Trevor Hammond

Trevor Hammond, NMLS# 74846 Division Vice President, Neo Home Loans 📞 (503) 680-5360 📧 📍 4380 S Macadam Ave, #150, Portland, OR 97239 🌐 Connect with me on LinkedIn:
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