Here’s Part 4 of our conversation with Wilson Lea of Parallax Advisor taking a deep dive into the subjects covered in his article, 4 Wise Wealth Tips for Your Wallet. In this episode, we talk about the importance of creating a budget.
“This is the hardest one for most people,” Lea says of understanding how folks spend and on what. But, he says, “tracking your expenses will help you understand where your money is going and how it is used. Budgets also help you avoid spending unnecessarily.”
Listen to learn more! Here you can find out Wilson’s advice on saving for retirement and eliminating debt. Next week we’ll talk with Wilson about developing strategies to build and maintain a liquid savings.
As always, join the conversation by letting us know what are your topic financial goals.
Lean in, lean back and enjoy!
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