Loan Digest

Self-made millionaire shares 3 steps to stop overspending and save more: 'Make it automatic'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Ramit Sethi News

Personal Finance,Lifestyle

Ramit Sethi spoke with a low-income couple and laid out a few steps they can take to curb their credit card debt and actually save for their future.

tight financial positionThey got married 13 years ago and were "dirt poor" at the time. However, they haven't made much progress toward a better financial situation since then, theyon his "I Will Teach You to be Rich" podcast. Their last names were not used.

While clothes and groceries may be necessities, the couple admits a lot of their spending is impulsive. They'll go to Walmart or Target for a few things they need and leave with a cartful of things they just want.leading to the spending problem, and encouraged Elizabeth to work with a therapist. "If you want your money to go somewhere, you need to make it automatic," Sethi said. "Whatever is left, you're going to spend it."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Self-made millionaire shares 3 steps to stop overspending and save more: ‘Make it automatic'Ramit Sethi spoke with a low-income couple and laid out a few steps they can take to curb their credit card debt and actually save for their future.
Source: NBCNewYork - 🏆 270. / 63 Read more »