If you're trying to pay off debt, save or invest money, or just want to stop the cycle of living paycheck to paycheck, make 2022 the year you finally do it!
"See where you can save on the essentials, on the things you can't change," said Morong."It takes a little bit of effort, but calling Comcast or Verizon, and saying, 'Hey, my bill is a little bit higher than I want it to be, is there any way that I can meet my needs but save a little bit of money each month?'""Do a couple of those, and all of a sudden, then, well, $100 a month found is $1,200 a year, $200 a month found is $2,400 a year," said Morong.
"It's important to create a plan," said Lopez."You have your income, you have your expenses and you know how much money you can dedicate to pay off your debt." If you have paid down your debt and you're able to free up some money, even a small amount of money, Morong suggests investing it.
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