Are you unknowingly throwing money away every month? 👀 Do you often pick up coffee from Starbucks before going to work? Do you often forget to pack yourself snacks? Off the top of your head, do you know how much you spend weekly on that treat? 🤔 Many don’t realize how much these small expenses are costing over time. These are our spending leaks! Today, we will be going over common spending leaks that go unnoticed. 📌 High variable spending: Do you know how much you spend each week on groceries? What about your eating-out bills? When we get caught up in the moment, we can be unknowingly spending more than we should. We might not notice until it’s too late. It’s important to have an actual understanding of what each item is costing you. Be sure to assess your current budget and recognize areas for improvement. With this, you can decide if you want to allocate a portion of that money to a different area such as savings or retirement funds! 📌 Ghost Subscriptions: How many subscriptions are you currently paying for? You might be getting charged monthly for the “free trial” you forgot to cancel! It’s important to check your bank statements and calculate what you are spending on subscriptions. Have cable TV? Maybe you cut back on streaming services or vice versa. Streaming services can add up quickly if we aren’t checking. You might be able to cut back on a streaming service you don’t utilize as much. The money previously spent on the streaming service could be allocated to retirement savings or a savings goal! 📌 Late Fees: Have you recently been late on bills? Whether it’s your credit card, mortgage, or loan, this can set you back hundreds over time! It’s important to pay your bills on time. Most banks allow you to set “Auto Pay” to pay bills monthly on time. If you are unable to pay the bill in full, some credit companies may be able to work with you to lower your minimum payment. This will allow you to make payments on time and chip away at debt. 📌 Food Waste: Do you constantly have food going bad? According to the US Environmental Protection Agency (EPA), one-third of all food in the United States goes uneaten. They estimate that in 2019, about 96 percent of households' wasted food ended up in landfills, combustion facilities, or down the drain to the sewer system. The remainder was composted. To get every dollar out of your weekly grocery budget, organize weekly meals. This ensures that you are only getting items that will be used to make meals that week and eating perishables first. It’s important to be tracking our budget! Small expenses add up over time. 📌 What have you cut out of your budget to save money? Welcome to Week 3 of Budgeting Bootcamp! This week, we will be focusing on saving money and finding gaps. ------------------ First time seeing me? Hi, my name is Mark Phillips! I’ve proudly serviced over 100 families, business owners, and individuals for 15 years. I aim to educate others on the power of financial planning. #Finance #Budget #LinkedIn

Have you recently checked your bank statements? 👀 You might be at risk of a SPENDING LEAK! 💦 Today, we will identifying common overlooked spending leaks! We are on week 3 of Budgeting Bootcamp and will be focusing on reducing expenses this week! Be sure to follow along! #Budget #Finance

Happy Small Wins Sunday! This week has great and I am forever grateful. What's one of your small wins from this week? My small win is that I've been spending more time with my family. ---------------------- First time seeing me? Hi, my name is Mark Phillips! I’ve proudly serviced over 100 families, business owners, and individuals for 15 years. I aim to educate others on the power of financial planning #Motivation #LinkedIn #Motive

A common question I'm asked is what's your favorite part about being a Financial Representative? This question has always been an easy answer for me. For context, I’ve been a Financial Representative for over 15 years. Over the past 15 years, I’ve had clients that have been with me since the start of my career! I'm not sure what they saw in me 15 years ago that made them decide to stay with me! (Nonetheless, I’m happy they did!)😊 One of the best perks of being a financial representative is seeing your clients grow and succeed! I’ve had the pleasure of seeing my clients get married, start having children, get promotions, and find their dream house! This summer, I had the honor of helping my client Brad and his wife with their gender reveal. In Mark Phillips fashion, the reveal involved my Corvette and a burnout! 😏🏎️ In moments like this, it always takes me back to when I first met with them. They were unsure of where to go and how to improve their financial plans. As financial representatives, we always preach preparing for the future and the unexpected. However, I never know where my clients will end up. But I know one thing, that they will be happy. Being a financial representative allows me to help others and see them succeed over the years. If you are currently looking for a financial representative who will be with you for the long haul. I might just be the right person for you. My goal with all my clients is to be there for the long haul and help them achieve their financial goals. 📌 What's one of your favorite perks about your job? ------------------ First time seeing me? Hi, my name is Mark Phillips! I’ve proudly serviced over 100 families, business owners, and individuals for 15 years. I aim to educate others on the power of financial planning. #Business #Finance #LinkedIn