Financial Literacy on this 76th Episode of Coast To Coast

Airing on COAST TO COAST Easter celebration special we get a glimpse behind the doors of master winemaking WITH TENAYA LODGE AT YOSEMITE for A TRADITON WORTH TOASTING THEN we look back on my interview with the late actress Charmian Carr who we all remember as Leisel from the film classic The Sound of Music  PLUS Smart Ways TO SAVE IN THIS ECONOMY AndLET’S TALK DIRT WITH TANNER HOLMES AND BRAD SWEET finally we pay tribute to one of our own with the Tom Sparks Scholarship Fund ~ All airing on our Special Spring Episode of COAST TO COAST with Heather Dawson. 

Smart Saving Strategies for a Brighter Financial Future: Insights from Expert Beatriz Acevedo

Mastering Your Budget with the 50/30/20 Rule

Feeling stressed about budgeting? Beatriz Acevedo recommends a straightforward and effective method: the “50/30/20 rule”. This simple framework helps you allocate your income strategically:

• 50% for Needs: This portion of your income should cover your essential, non-negotiable expenses – the things you absolutely have to pay for.
• 30% for Wants: This allows for more flexibility in your spending on things you desire but aren’t strictly necessary.
• 20% for Saving, Investing, or Paying Off Debt: Acevedo strongly advises dedicating this crucial 20% to building your savings, investing for the future, or tackling existing debt. This allocation provides a balanced approach, incorporating both spending flexibility and financial discipline.

The Power of Predictability: Avoiding Budget Surprises

A cornerstone of successful budgeting, according to Acevedo, is to have “no surprises”. Ideally, you should aim to know exactly how much you will spend each month. Understanding your regular expenses allows you to proactively manage your finances and avoid unexpected financial strain.

Leveraging Verizon’s Offerings for Savings

As a partner for Financial Literacy Month, Acevedo also highlighted ways Verizon is helping customers achieve financial stability in specific areas.

• Price Lock Savings Guarantee: Verizon is currently offering a “price lock savings guarantee” for mobile and internet services. This means the amount you spend on your calls, internet, and texting will remain stable and will not fluctuate. This predictability can be a significant asset in maintaining a consistent monthly budget.
• Verizon Forward Program: Recognizing that internet access can be a financial burden for some families, Verizon has established a program called “Verizon Forward” to support those in communities who have difficulty affording internet service. This initiative aims to ensure broader access to this essential service.

Ready to Take Control of Your Finances?

Beatriz Acevedo’s tips offer practical and actionable steps towards better financial management. By implementing the 50/30/20 rule and striving for predictable monthly spending, you can gain greater control over your finances. Furthermore, exploring Verizon’s “price lock savings guarantee” and the “Verizon Forward” program could provide additional avenues for savings on essential services.

For more comprehensive information on these plans and valuable financial literacy education resources, Acevedo encourages you to visit verizon.com or call 1-800-Verizon.

Here’s to a brighter and more financially secure future!