This post was sponsored by Regions Bank, member FDIC, all thoughts and opinions are my own. Thanks for supporting the brands that make Simply Sabrina possible.
Raise your hand if you’ve downloaded a budgeting app before? Okay good, all of our hands are up. Now raise your hand if you’ve actually kept up with it every month? Okay good, all of our hands are down. Budgeting can be difficult, but there is a science to how you spend your money.
You don’t need to be an extreme coupon-er but you also don’t need to spend $12 on Avo Toast every weekend. Be mindful of where your money is going on how you can cut back to help you achieve your financial goals.
You’re Using Credit
My mom once told me that the only thing that you should ever have to buy on credit is your home. That means that you need to spend within your means. Can you finance that 30k car? Yes. Should you? Maybe not. If you don’t have the money to pay for it outright, then you should think twice about financing it. (Sidebar: this doesn’t mean that you absolutely shouldn’t finance it. Building your credit up is really important, but more on that later.)
You Don’t Have a Bank
The idea that banks aren’t here for you is dated and simply untrue. Modern-day banks like Regions offer digital-first solutions, like Video Banking ATMs that allow their customers to chat with a Regions Video Banker with live two-way video – crazy right? I recently had the chance to visit the new Suwanee Regions branch. You can tell it is designed for busy families and professional individuals who need to get in and get out. Even though I’m not looking for a new bank right now, I was impressed with the layout — there are no tellers and long lines for their customers to stand-in. Instead, there are Regions Bankers who can help with opening accounts, accepting deposits, and 1-1 consulting.
Define Luxuries vs. Necessities
With all things, your needs and wants are different and you need to be able to determine which is which. Keep things on your luxuries list for others to buy for you during the high holidays or treat yourself events (both are great). If you don’t need -and I mean really need it- it goes on the list!
Remember this post on ‘My One Rule for Guilt-Free Shopping’? Yeah, I really mean it. This one method has stopped me from making impulsive purchases and having no buyer’s remorse. Be more intentional with your purchases so that you are mindful of your financial goals.
Consider a Side Hustle
A little extra spending money is never a bad idea so what skills do you have that you can share with others? Check out this post with 3 Ways to Slay Your Side Hustle with tips to kick off your side hustle gig and start bringing in a little extra something.
Being smart with your money should be a goal for you in the New Year and banking with a customer-focused organization like Regions can help. If you’re in the Atlanta area, check out their new Suwanee branch (info below) that’s open now and stop by their Grand Opening Celebration on April 18th. As always, a big thank you to Regions for sponsoring this post.
Regions Bank Suwanee Branch
1085 Peachtree Industrial Blvd
Suwanee, GA 30024
Grand Opening Event: April 18, 2020, 10:30am-1:00pm.