I don’t know if a lot of you know this about me but I’m a huge fan of the Bravo tv show, Real Housewives of New York and an even BIGGER FAN of the beautiful, talented, exceptionally intelligent business woman, BETHENNY FRANKEL. I fell in love with her the moment I saw her on the show and when she started season one of the RHONY, she was just starting out with her business. Since then, she has created the famous Skinny Girl Margarita, which I absolutely love plus a HUGE selection of other drinks, healthy snacks, foods, exercise dvds, many books (which is where I first met her) a fabulous clothing and shapewear line, her amazing charities and charity work and a lot more.
I first met her a few years ago when she was doing a signing at the GROVE in Hollywood for her book, “A PLACE OF YES” where I wore one of her sexy bodysuits which she immediately complimented me on and she was the absolute sweetest lady. So sweet that she signed two books for me, one for me and one for my mom who is another big fan of hers, and she personalized our books which she wasn’t really doing because there was such a huge crowd. When she did that, it made my heart melt.
Bethenny recently launched a skinny girl jean line and I’m excited to say that today on Black Friday, I ordered my first pair from her. They are supposed to be super soft and feel like butter. She also came out with these beautiful Skinny Girl Candles for the holiday season and I’m hoping to get one.
If you don’t Bethenny Frankel or the amazing work she has done, I definitely recommend checking out her sites, Bethenny.com, Skinnygirl.com, and Bethenny.com/BeStrong to see all the charity and beautiful work she has done and all the things she has given to people in other countries.
Having a large amount of debt doesn’t mean that you can’t make big purchases. Although you have to have to very smart in your approach, there is almost always a way to find the funds you . The first (and most crucial) step that you should take, is to find out where your money is going. In other words, you must have a budget which is so crazy that so many people say they don’t that. Maybe because I have a BRILLIANT ACCOUNTANT FATHER. He does a lot financial work. A budget enables you to know how much money you have to put aside toward your big purchase.
Make a savings plan:
The best strategy for making a big purchase while in debt is to not add more of it. Rather than applying for another credit card/ loan right away, see what you can do to save up for the item that you need. Since you’ve already made a budget, you should know exactly how much you can set aside each week. If your finances and timing allow, create a savings journal so you can reach your goal in an estimated date for when you plan to reasonably reach that crossroad. Depending on the urgency of the big purchase you’ll be making, see how long you can go without in order to avoid further debt.
Quickly clean up your credit if you will need financing:
Whether you have to find a replacement for your car, etc, you may not be able to pay off all of your existing debt right away.
If your priority is to buy your desired purchase, do whatever you can to quickly clean up your credit. I myself am very good at paying all my credit card bills on time and in full to avoid interest. Of course sometime emergencies happen which is why I have a certain credit card for that but for the most part, I pay everything off. Another financial tip, which should be a no-brainer is to pay your bills on time, even if it’s the minimum balance. That way you don’t rack up any late fees. Any boost to your credit score (and reduction of your current debt) will make your life sooooooo much easier and you’ll be able to do things in your life, like buy a house, have money set away for your children, and a lot more.
HOPE THESE TIPS AND ADVICE HELP YOU, ESPECIALLY TO THE ONES THAT HAVE A HIGH DATE. THANK YOU AND LOT OF LOVE!