Financial expert, the author of “Miss Independent” Nicole Lapin offers advice to declutter your finances and your mind in 2022
Financial expert and New York Times bestselling author Nicole Lapin spoke to ABC7’s Reggie Aqui about how to declutter your finances and mind in 2022.
How can we simplify our finances for 2022?
“Well, the first step in any recovery is admitting that you have a problem,” said the author of “Miss Independent”. “Find out what your problem is, and maybe you got into debt during the holiday season.” You are not alone. “
Rabbit said to come up with a spending plan. She expresses it as a plan instead of a budget “because it isn’t as scary as a crash diet.”
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“It’s more like a diet that you can stick to. You allow yourself little indulgences. So you don’t end up bingeing on later,” she said.
Rabbit breaks it down into three E’s:
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What About Credit Card Debt?
“We know people can get out of hand at Christmas. How can we reduce this? Asked Aqui.
“Have you ever called your credit card company and asked for a better rate? No? Did you know you could do it?” Rabbit explained. Fine, you can. “
She said the worst thing a credit card company can say is ‘no’.
“So call your credit card companies, ask for a lower rate, ask for a fee waiver. All of this can help you when you’re trying to lower your balances and get your payments under control,” she said.
Rabbit also says that you can reduce the rate of your cable and phone bills and even your medical debt.
“I got a lot of companies to give me a better rate just by saying I’m going to go for the competitor,” she said. “Ask for a director.”
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Rabbit also answered Aqua’s question if it’s appropriate to know how much your coworkers are making:
“I say yes. If you don’t talk about it, how are you going to make more money? It’s an uncomfortable subject but someone has to start with the uncomfortable things.”
“You could write them a letter,” laughs Lapin.
“If we want to negotiate, how are we going to figure out how to do it without knowing the makeup of the area? It’s like fixing the price of your house, how do you do that without knowing what the other houses in the neighborhood are costing?” she declared. noted.
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