Two years ago, Jasmine Taylor from Texas had serious financial problems. Not only did she lose her job, but she also had to pay off her $60,000 student loan. dollars (almost PLN 260,000), 10,000 overdraft dollars on the card (approx. PLN 42,000) and medical debt, which amounted to another 8,000. dollars (PLN 34,000). However, she found a clever way to save, which not only allowed her to deal with payment arrears, but also to start earning. What was it about?
You can read more similar articles on the home page
She paid off her debts with a clever saving trick. What is the envelope method?
Jasmine shared her story on social media, where she now publishes clever tricks for embracing and other everyday matters. Her path was to go from mindless “credit card swiping” and not understanding where her money was going to being careful with cash. All with the help of the envelope method, which simply consists of putting a given sum of money into an envelope.
She signed each of them with a specific need, e.g. “for shopping” or “bills” and hid the necessary amount of cash inside. – It changed my life – she betrayed in “Good Morning America”.
She looked at her finances. It turned out that she was “losing” up to $500 a month
Jasmine began by taking a close look at her income, expenses, and debt. Then she started using the envelope method, which turned out to be a hit. It turned out that she was “escaped” by up to $500 each monthwhich she issued compulsively. Using banknotes helped her scrupulously control her budget and plan her next expenses. She also consistently began paying off her debts. She finished in 2022.
She turned the idea of saving into a business. He’s going to make a million dollars this year
Jasmine shares her experience and tricks on social media. In addition, on her 30th birthday, she opened a company. She started with handmade envelopes and other budgeting items they asked her about. As she calculated Last year, she made $850,000. dollars (over PLN 3.6 million). This is where he’s going to hit a million.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
