Happy "America Saves Week!"Guest: Shikha Narula, Head of Consumer Deposit Products at Bank of AmericaKey Takeaways from the InterviewSaving remains a priority—but it’s challenging:~52% of Americans say saving is a top priority~72% say inflation and cost of living are impacting financesAutomation is one of the easiest wins:Tools like debit round-ups (e.g., “Keep the Change”)Recurring automatic transfers to “pay yourself first”Balance saving with lifestyle (don’t eliminate joy spending):Cut back—not cut out—small treatsIdentify “joy spending” categories and prioritize intentionallyUse the 50/30/20 framework:50% needs30% wants20% savingsMake big goals more achievable:Break savings goals into smaller milestonesSet deadlines and celebrate progressUse separate accounts for specific goals (reduces temptation)Free up extra cash with small adjustments:Review subscriptionsReduce unnecessary spending (rideshare, etc.)Small changes can compound over timeHelpful resources mentioned:America Saves WeekBetterMoneyHabits.comBank of America Life Plan tools--Visit: AnotherMoneyShow.com Call Rotchford & Associates: (623) 523-0444 Email the show: [email protected] Subscribe on YouTube: https://www.youtube.com/@AnotherMoneyShow--Book a no-cost, no-obligation appointment: Call (623) 523-0444 or visit AnotherMoneyShow.com to schedule in-office or Zoom consultationsProtect your financial freedom and schedule a free, no-obligation consultation: Book a Meeting About Another Money Show:We’re your hosts, J.R. and Anthony. We want our listeners to be informed of not only the standard rules for investing but how to invest based on the uncertain world around us. We want our listeners to be prepared – not scared. Being aware of potential pitfalls allow our listeners to be proactive in their finances, not reactive!Meet J.R.: J.R. Rotchford joined his family’s business, Rotchford & Associates, in 1998 after serving in the U.S. Air Force, graduating from ASU and working for a newspaper and then an elevator company for a short period of time. He has experienced the peaks and valleys of the financial services industry for going on a quarter of a century now.Meet Anthony: In 2018, Anthony Carrao became the 4th generation of the family business after leaving behind a career as an Industrial Engineer. Anthony now uses his knowledge base in strategic planning and cost savings initiatives for individuals and families to better their financial situations, instead of saving millions for large corporations.--Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Rotchford & Associates are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents.