Reported by Bahiyah Shabazz, MBA
From the time you signed your name on the dotted line, you were waiting for the last payment coupon. Other than acknowledging your monthly payment, you knew that it would take five years to pay off that Ford Mustang. Each month become harder since there were many things you had to sacrifice.
During the last month of the contract you visualized yourself in shopping sprees, diamond earrings, vacations and possibly another vehicle. Once you added up all your expenses, you realized that there are other options.
Now that your Ford Mustang is paid off it’s time to gather all your loans, fixed and revolving credit statements. You can apply the $350 payment toward another bill to eradicate sooner or invest in your future.
Have you opened a retirement plan? If your company doesn’t offer an employee sponsored plan, then an IRA would be in your best interest.
Knowing that you have money to burn in your pocket will allow you to become responsible and manage your finances with ease. Become Fabulous & Money Savvy and reflect your personal growth by the decisions you make for your future.
“Love Yourself Enough To Support Yourself.”
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