Frugal Freedom, LLC.

Frugal Freedom, LLC. Frugal Freedom, LLC. is a Black, female-owned financial consulting business that helps people gain financial freedom through realistic money management.

Our goal is to redefine frugal living and make financial education more accessible to all.

I get a lot of questions from my clients about what they should do with irregular lump sums of money. Whether this is a ...
11/20/2021

I get a lot of questions from my clients about what they should do with irregular lump sums of money. Whether this is a holiday bonus, a stimulus check, or a tax refund, where the funds are allocated depends on your situation, goals, and priorities.

A few questions to ask yourself when considering where to allocate the funds are:

Do you want to pay off your debt?
Do you want to start investing?
Do you have a purchase in mind that you’ve been wanting for a while that will bring you value?

As long as you make a plan, you can prevent the money from being spent without knowing where it went.
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11/19/2021

MI’m convinced that we all live the same lifestyle 😂

Family tend to get bold around the holiday season. Don’t let it take you out of character! Remember that your money and your bank account are nobody else’s business if you don’t want it to be. Keep your goals front of mind and tell them you are not obligated to discuss your finances, respectfully 😊

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Save this post for later and share for a friend! 👇🏾When you’re new to investing, the stock market can appear daunting or...
11/16/2021

Save this post for later and share for a friend! 👇🏾

When you’re new to investing, the stock market can appear daunting or overly complex. By following a few tips for success, I’ve been able to help my clients start their investment portfolio and confidently pave their own path as independent investors. Here are a few things to remember:

💸 Start investing early: Investing doesn’t have to be expensive or costly. The sooner you can start, the quicker you build the habit which eventually will help you put more and more money to work for you.

💸Think long term: In order to see your money grow exponentially and build wealth, you need think strategically about your investments. Not all popular stocks are the best stocks! Ideally, you should invest by buying and holding.

💸Diversify your portfolio: Don’t put your money in one place.

💸 Don’t invest emotionally: Don’t let your emotions dictate what you do with your investments. When you start investing, you should have a plan. Stick to it and trust the process!

Did you find these tips helpful? Drop a 💰below!

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Let’s talk about Debt Avalanche 🏔💰Debt Avalanche is a debt repayment plan that involves listing all of your debts in ord...
11/12/2021

Let’s talk about Debt Avalanche 🏔💰

Debt Avalanche is a debt repayment plan that involves listing all of your debts in order from highest to lowest interest and prioritizing debts with the highest interest rates first. Each month, you make the minimum payment on all of your debts, then add any additional monthly debt payoff contributions to the highest interest debt until it’s fully paid off. Once the highest interest debt has been paid, you repeat the process with the next highest interest debt, and so on.

Like all debt payoff methods, Debt Avalanche has both pros and cons. On one hand, this method is one of the cheapest debt repayment plans mathematically because you’ll pay less interest overtime. In addition, you can reach debt freedom relatively quickly in comparison to other methods.

On the other hand, Debt Avalanche requires strict consistency and a lot of internal motivation. I do not recommend starting to pay off your debt using this method if you have not already established an emergency fund and additional savings, or if you are just starting out paying off debt.

If this Debt Avalanche sounds like it would be fitting for your financial situation, swipe for a detailed example on how you can apply it!

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Net worth, in simple terms, is the difference between what you own (assets) and what you owe (liabilities). If your net ...
11/11/2021

Net worth, in simple terms, is the difference between what you own (assets) and what you owe (liabilities). If your net worth is positive, this means your assets exceed liabilities. If your net worth is negative, this means that liabilities exceed your assets. You should aim to have a positive net worth.

Knowing your net worth is important because it helps you understand where you are in your financial journey and it gives you a reference point for measuring progress toward your goals. Ideally, as you continue to earn and save, your net worth will grow.

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Financial health is a term used to describe the state and stability of an individual's personal finances and financial a...
11/10/2021

Financial health is a term used to describe the state and stability of an individual's personal finances and financial affairs. There are many aspects of financial health, including the amount of savings you have, how much you’re saving for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

How financially healthy are you? Use this checklist to assess yourself!

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Don’t forget, there are only 90 days until student loan payments resume! Here’s a quick preparation checklist to keep yo...
11/03/2021

Don’t forget, there are only 90 days until student loan payments resume! Here’s a quick preparation checklist to keep you on track:

💲 Is the contact information on your file accurate?

💲 Review your current payment plan. Does it fit your financial situation and goals?

​​💲 Are you budgeting adequately to resume making your payments? Do you need to adjust your budget in order to do so?

💲 Interest on federal student loans loans begin to accrue as soon as the payment pause expires. Have you planned to begin making payments before the payments early to be safe?
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We love a comeback story 🤑My client Jamila grew up in a middle class family where saving wasn’t a priority. With her mot...
10/29/2021

We love a comeback story 🤑

My client Jamila grew up in a middle class family where saving wasn’t a priority. With her mother lending money frequently, she found herself repeating the same habits into her late 20s. She not only took on expenses for herself, but also for others.

After enrolling in my Ballin’ on a Budget service, Jamila got serious about her finances. She now has $0 in credit card debt, she saves more than she spends, and she thinks about every transaction that she is going to make, even if it's on sale. Here’s what she had to say: “One day, I am going to be a millionaire; Frugal Freedom taught me how to save efficiently and live well below my means so that my wealth can transcend to generations that I will never meet.”

Looking to clean up your finances with a foolproof plan for success? Click the link in my bio!
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Share this post for a friend who might need it! 🔁Do you struggle with saving money? Are you tired of wasting time enduri...
10/27/2021

Share this post for a friend who might need it! 🔁

Do you struggle with saving money? Are you tired of wasting time enduring the trial and error period after implementing a new budgeting strategy?

Here’s your solution: The Savjng Savvy Program, a monthly budgeting service to help you crush your savings goals and secure your financial future with confidence!

Applications are LIVE on my website! Swipe to learn more & click the link in my bio for 15% off of your enrollment fee!
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It may seem early to be talking about Black Friday, but some of the largest retailers have already begun their holiday s...
10/20/2021

It may seem early to be talking about Black Friday, but some of the largest retailers have already begun their holiday season sales rollout. 2021 presents some unique challenges for shoppers: significant shortages in some product categories, higher shipping costs, and longer delivery times for items ordered online to name a few.

Whether you’re looking to get the first round of deals or choosing to wait until closer to Black Friday, the first place that you’re most likely to look is online. However, online shopping presents another set of challenges to holiday shoppers that everyone should be aware of, including fraud, false advertising, and more. While these challenges have always existed in e-commerce, holiday season makes shoppers more vulnerable.

Here are 3 essential tips to help you protect yourself (and your bank account) from potential challenges this holiday shopping season:

🔑 Shop with merchants you know and trust: This eliminates the questionability about your purchase and gives you peace of mind. If you’re looking to purchase from a new retailer, do research beforehand. Look for online reviews and search the Better Business Bureau for complaints.

🔑 Consider alternative payment options: There are more consumer protections for credit cards than debit cards if a merchant never ships your merchandise, for example. You can also consider using a third party payment service such as Paypal.

🔑 Beware of offers that are too good to be true: Trust your gut! Unusually low prices could be a red flag. Do a quick Google search of the item to compare pricing to before you buy.

What Black Friday online shopping tips and tricks do you swear by? Share them in the comments below!
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Many people want to save more money, but it seems like life always interferes. Realistically, it’s almost impossible to ...
10/19/2021

Many people want to save more money, but it seems like life always interferes. Realistically, it’s almost impossible to start saving consistently without having a solid plan or creating good habits.

Today, we’re providing you with our top 5 tips on how to make saving a habit. With a few small lifestyle changes, you’ll be on your way to reaching your savings goals!

Let us know in the comments if you found this helpful! 👇🏾
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5 reasons why you need to have multiple sources of income 💰1. It provides a safety net.2. It creates more financial stab...
10/15/2021

5 reasons why you need to have multiple sources of income 💰

1. It provides a safety net.
2. It creates more financial stability.
3. It helps you pay down debt.
4. It allows you to build your savings for sinking funds.
5. It creates space for you to invest in yourself.

Protect yourself from financial risk and set yourself up to diversify your income streams. Even if it is a small amount of recurring income, the funds can be directed toward other areas that can benefit your overall financial status.
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Atlanta, GA

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Monday 10am - 6pm
Tuesday 10am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 12pm - 4pm

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