Today we have a video of Dennis Johnson as he gives some tips for saving money. He says that your expenses should be less than your income, and that you need to develop a budget so you’re able to save some money. If you have debt, incorporate the repayment into your budget.
In today’s tip Dennis Johnson of ClearPoint Financial Solutions and Eric Madkins of the Urban League of Metropolitan St. Louis discuss the importance of having emergency savings. They suggest having at least 3-6 months worth of living expenses saved, just in case something happens. Right now it’s more important than ever to be proactive and plan ahead. The more prepared we are, the better we’ll be able to weather this financial crisis.