What's Next

Q & A

What’s Next

Hi Gail, I watch your program whenever I can, and...even though I'll never have your challenges or resulting rewards, I've switched over to cash, a strict budget and the "jar" money system. I've gone from being 'in the red' to actually have a savings account. Now that I see that savings account grow, and I have no real debt to speak of, I need to know the next step! As the savings money piles up, I realize that I really enjoy the feeling of financial security, and I'd really like your continued direction on what to do with it!.

Name Withheld

Wow! You must be so proud of what you’ve accomplished. Good on ya girl. Now that you have all that money you were spending on debt repayment to play with, you have so many options open to you.

First, make sure you’re building your emergency fund to a place where it will be strong enough to take care of you should the worst happen – remember, plan like a pessimist so you can live like an optimist. That means having between 3 and 6 months’ worth of living expenses set aside. You can stick that in a savings account that’s earning a decent rate of interest. Don’t settle for what the dumb big banks are offering. Search my site for how to find a good account.

Put a little money back into your budget for play.

Ramp up your savings. Make sure you’re maximizing your retirement savings account. Start learning about investing so you can figure out what you’re comfortable with, and what will work for you.

Spread the word. Now that you know how good it feels to be debt free and addicted to financial security, tell two friends.