Financial wellbeing is an important aspect of every person's life. However, realizing the plan accumulated can be complicated. The main thing is to create a habit of saving. "Automation of savings helps," notes financial trainer Jay Tolentino. And it's always important to remember the main motivation. "Understanding the value of savings is the key to success," says the specialist.
How to strengthen savings? Setting aside money should be done correctly – not with the thought that "the leftover can be spent," but with the understanding of its true purpose. Additionally, the surrounding environment plays an important role. "Support from close ones increases the chances of success," highlights Jay Tolentino.
Avoid unnecessary debts and personal expenses. "Concentrate on increasing income," advises the specialist.
It's important to remember that increasing your earnings leads to greater savings. Living in the U.S., as a foreign worker, it's essential to weigh expenses and income. Helping family members and dependents is no reason to forget about personal savings. "Financial habits are often replicated by close ones," notes Jay Tolentino.
Connecting with financially literate people is also important. "Surround yourself with responsible people financially," advises the expert. "Ask yourself 5 questions 'Why?' to understand your true goal," adds Jay Tolentino.
Avoid the rise of life expenses. Practical advice may help U.S. workers. Savings bring peace of mind and allow one to think about the future.
