*Each week, we ask a personal finance or business expert for their money pro tips. This week we talked to Beth Koscianski, insurance expert at Policygenius.*
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Last thing you resisted buying: A pricey vacation.
How did you resist it? I took a hard look at my budget.
Last thing you splurged on: An Amtrak ticket to visit my parents (instead of taking the much cheaper bus).
Why’d you OK the splurge? It saved me a lot of time on this particular day.
Biggest money worry: Credit card debt.
What are you doing about it? I recently started a strict budgeting program.
Money thing you’re most proud of: Good credit score.
Best financial advice you ever got: Don’t ignore bills or financial issues! They don’t go away if you just ignore them. You’ve got to make a plan and tackle them head on.
#1 money tip: Have an emergency fund that covers at least two months of expenses
What would you do with a $1 million windfall? Buy a house! Then split the rest between investment and high yield savings accounts.
Debunk a money myth: It’s not “impolite” to talk about money with your friends. You’d be surprised how many great conversations can come from it.
How do you budget? I use You Need A Budget right now!
Money must-read: "The Financial Diet" — Approachable financial advice written by women.
Best money you ever spent: The difference in rent I pay every month for a place in New York City vs. in my hometown.
Worst money you ever spent: Equinox membership.
Credit or debit? Credit.
Most common question people ask you about money: Is it rude to ask for more money when I negotiate my salary?
What’s your answer for them? No. If you believe your skills are worth it, then you should always feel OK asking for more.
Image: Nastia Kobzarenko
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