Project Money: Lessons Learned From Season 10

And the winner is...Angie & Cris!

• Be more mindful of your spending
• Plan to save for what you want to buy, rather than using a credit card
• Open a second checking account dedicated just to bills, and multiple savings accounts to save for different goals
• Use . It helps you watch your goals, track where and how you spend, and keep a watchful eye on all your accounts (even accounts from other financial institutions)

Jaclyn & Kiara

• Budgeting is everything. If you stick to your plan, but it doesn’t go right, then simply  adjust the best you can
• When paying off debts, consider the snowball effect, which can help reduce the total amount you’re paying in the long run
• Look for the best deals or free options when shopping or looking for things to do

Megan & Scott

• Communication is the key to succeeding at anything with your partner. Be an open book. Don’t lie to yourself. The more you are honest and straightforward about your situation, the sooner you will see improvement
• Set up a NO-excuses budget. Set parameters for yourself, and don’t move from them.  You’ll see immediate results in regard to previous unnecessary spending
• Use , a free tool that tracks spending and saving. You’ll get email/text updates on how much of the budget you are using for the month and how close you are to reaching your financial goals

Sara

• Pay in cash and don’t fall into mindless purchasing with credit cards and living beyond your means 
• Summit has some amazing resources: staff, webinars, tech tools. Take advantage of these
• Meet with a Summit Financial Coach to discuss debt. Lay all your debt out there and see if anything can be bundled or refinanced