Ian Oliver Mausner: Eliminating Debt and Saving Money

Ian Oliver Mausner is a successful entrepreneur who has worked in financial advisement and money management for over thirty years. He enjoys working with investments and wealth management, and he has helped countless clients eliminate debt, save money and pave the way to financial security.

Tips like those below will give you an idea of how a professional like Ian Mausner might help you start eliminating debt and saving money, which are the first steps to building wealth and investing securely:

  • Pick a Plan.

Some people believe in putting everything into debt repayment before you begin saving, others recommend the opposite, and each side has valid points. What matters is that you find a plan that works for you.

Research debt repayment and saving strategies so that you can make an educated choice on how you would like to go about it.

  • Cut Costs.

It might seem annoying to cut costs so that you can put that money into savings or to paying off debt, but it’s a necessary step if you want to achieve financial security as quickly as possible. Whether it’s eliminating Netflix or downgrading your phone plan, cutting other spending will help you reach your goals sooner.

You can also cut costs by negotiating on insurance payments, cable bills and phone bills.

  • Automate Everything.

Once you’ve decided how you want to go about your debt repayment and savings, and you’ve cut down on spending, automate your payments so that human error doesn’t get in the way.

This simple step can be the difference between plan success and plan failure.

Speak with a professional near you for additional assistance. Even professionals like Ian Oliver Mausner seek outside advice because, when managing wealth, two heads are better than one.

Also can read: Ian Oliver Mausner: Eliminating Debt and Saving Money

Ian Oliver Mausner: How to Follow Your Budget

Ian Mausner is a seasoned financial professional who worked with clients in money management for over thirty years. In that time, he helped people from all backgrounds take control of their bank accounts and find financial stability.

Among the most basic steps that a professional such as Ian Mausner might recommend that you take is budgeting. Though many people make budgets, few follow them. Tips like those below can help you break the pattern of ignoring your budget and start repairing your financial situation:

  • Find a Tracker that Works.

Once you have the numbers for your budget, it’s easy to set it aside with good intentions and forget. A tracker that has your categories and limits will help you avoid this habit.

Whether you’d like a tracker on your phone, your tablet, your laptop or your notebook, do your research and find a system that works for you. Input your numbers and then, either daily or weekly, record what you’ve spent so that you can see what you have left.

  • Be Strict.

When a category runs out, it’s easy to say “just this once” or “it’s only a few dollars” and keep spending. Unless it’s completely unavoidable, don’t allow it. Sure, it’ll be uncomfortable and you won’t like it, but if you’re strict with yourself, you’ll be less likely to over-spend the following month.

Sometimes the first, second and third drafts of your budget will be off. You’ll underspend in some categories and be forced to go over in others. If this happens, revise your budget as needed and try again.

If you’re having trouble with your budget, consider speaking with an experienced professional like Ian Oliver Mausner for assistance. Your advisor can give you the steps that you need to take your bank account into your own hands.