April 2021 – Nancy E. Johnson

I understand saving up to purchase a house can be difficult. Setting your goals, budgeting, setting up a new savings account, cutting costs, and controlling your debt; will allow you to save money easily. Use these helpful tips to help you save for your house.

Set Goals

The first thing you need to determine is how much you will need to save to buy your home and set up goals to help you reach that amount. You will need a 20% down payment to purchase a house. That can be your first goal. Setting a money goal every month will ensure that you stay focused and reach your final money-saving goal.

Start Budgeting

Budget, budget, budget! Having a budget and sticking to it is the key to saving money quickly. It is not going to be easy, but it will all be worth it in the end. Every bit of extra money will need to go towards your savings fund. Everyone budgets differently; find a budgeting system that works for you. Finding a budgeting method that works for you will help you reach your goals.

Set Up a New Savings Account

Saving for a specific goal will be most successful if you put the saved funds in a separate bank account. You don’t want to be tempted to pull from the money you saved for unnecessary spending. When you put aside significant amounts of money when saving for your home, be sure to make your money inaccessible, but you also don’t want it tied up in stocks. Think about using a checking account in a separate bank to help save your money.

Cut Unnecessary Costs

There are many ways to save money. Using a few of these tips will help you cut costs and save money.

Cancel unused subscriptions
Meal Prep
Stop eating out
Cancel vacations and expensive outings
Have regular spending freezes
Learn to say no

Using a few of these cost-cutting tips will help you save faster and help you stay on task.

Control Your Debt

It is essential to control your debt when saving for a home. Carrying a lot of debt can make it difficult for you to save. Having a lot of debt means a big part of your income goes toward the payments. Controlling and lowering your debt will help you qualify for a mortgage. Do whatever you can to reduce your debt.

Don’t get discouraged if you have a hard time saving money. Remember to set goals, budget, create a new savings account, cut costs, and lower your debt. All of these tips will help you save and purchase your home. For more helpful information, go to www.nancyopensdoors.com.

The Importance of Good Customer Service

Why is customer service important? Building a new business a customer’s happiness is one of your top priorities. Happy customers mean more money, growth, and sustainability. Good customer service is beneficial to your business, and here are some reasons why.

Revenue Increase

Revenue determines every business decision that needs to be made. Customer service is important because it correlates to income. The more satisfied the customer is with your service, the more they will want to continue doing business with you.

Better Reputation

Reputation goes a long way in business. Having a positive reputation leads to higher growth. It can attract customers, partnerships, and investors. Buying a house can be overwhelming; a recommendation from a friend can often tip the scales. Improving your reputation starts with excellent customer service.

CLTV Improvements

What is CLTV? CLTV stands for Customer Lifetime Value. CLTV can reveal the potential amount of money a customer brings to your business over time working together. CLTV also correlates with revenue. Good customer service means higher engagement which leads to more money.

Brand Awareness

Whether it is positive or negative, a customer’s experience plays a significant role in brand awareness. These experiences often lead to word-of-mouth advertising. You must build a brand awareness strategy around customer loyalty. By creating brand awareness, the approach can help you provide a positive experience for your existing customers and have them raving about your brand.

Business Longevity

As a business owner, you take a huge risk when starting a business. Providing excellent customer service helps keep your business moving and minimize losses. Your business longevity depends on your customers, and your customer service will always determine the number of customers you have.

It is vital to remember: happy customers spend more, satisfied customers advocate on your behalf, and focus on your customer, and your work will be more efficient. Remembering the tips given, you can improve your customer service and understand why it is essential to your business.