Benyamin D

Video Script (Being Financially stable)

Hello, my name is Benyamin. I am happy to have this opportunity to talk about one of the most
critical topics in today’s life, which would be how to be financially fit. I have just started my
journey to reach my goals. There are simple guidelines in which they have to be followed to
reach our monetary goals. Paying our bills on time and full and save some money aside for our
emergency needs are the principal targets.
Do you know how to overcome your credit card bills? Do you know how to save your money
for yourself instead of paying interest fees? We are always asked to eat healthy food to stay
healthy and protect our well-being. There is another critical topic that we need to talk about
more, which is our financial health and being fit financially. There are a few ways to assist you
in reaching your goals. Make the saving a habit on every paycheck, looks like you are paying
your bill to your self. After you paid all of your bills and expenses, deposit the remaining to a
saving account. Control your costs and eliminate unnecessary expenses. For example, purchasing
a cup of coffee every week five times could be a sum of $300 in a year (1.25*5*4*12). Think for
your future, and if you have not started your retirement savings, it is an excellent time to do so. If
you are paying credit card debts, start with the lowest balance, and pay more than the minimum
on it until it is paid off and pay the minimum on other credit cards. Paying on time would help
you to avoid unwanted late fees as well. Also, having a goal will always help you and motivates
you to use all of your efforts to reach your goals and set a more significant destination.Of course,
having limited funds aside for entertainment would help you to be more focused on your job and
not being overwhelmed by the situation.

Imagine you have a birthday celebration coming up, and you have to buy a present for a little
child who has been waiting for it for months. How would you like to make it happen and bring a
smile on his/ her face? The best option will be your emergency funds’ account that covers these
types of expenses, and you know you have a plan to replace the funds as soon as possible.

Purchasing a gift for a baby would make you happier and makes you proud of yourself to be able
to handle such situations in which might happen in life regularly.

Sources:
https://zenhabits.net/10-habits-to-develop-for-financial/

https://smartasset.com/retirement/10-steps-to-reach-financial-stability

https://www.wikihow.com/Become-Financially-Stable-in-Six-Months