Step 1
Successful money management is a process, take the first step.
Step 2
This quick quiz will help you find your starting point.
Step 3
Sorting out your paperwork will make record keeping a whole lot easier and set yourself up for success.
Step 4
Knowing where you are today can help you determine the best path towards helping you meet your financial priorities.
Step 5
Good credit is essential. Know how to check this.
Step 6
Determining your net worth sounds harder than it really is.
Step 7
It is time to ask yourself, is your debt too much debt?
Step 8
Identifying needs and wants keeps you focused on what matters most!
Step 9
Don’t just set goals, set SMART goals
Step 10
Develop time frames around your SMART goals and map them out.
Step 11
Paying off debt is a short term financial goal that will free up cashflow.
Step 12
Emergency savings make the difference between a financial setback and a financial disaster.
Step 13
Saving for retirement is a non negotiable financial goal.
Step 14
Make a commitment to stay on track.
Step 15
: Now you know what you need to do, here is how to start
Step 16
Find out where all your money is going!
Step 17
Identify your fixed expenses.
Step 18
Plan for your periodic expenses.
Step 19
Create your spending plan.
Step 20
Small changes can make big savings.
Step 21
Saving money on your groceries, is one of the fastest and easiest ways to improve your bottom line.
Step 22
Know where you want to be and how you will get there
Step 23
Give yourself some peace of mind by making sure your family is on some firm financial footing
Step 24
Commit to making informed borrowing decisions, and understand the costs.
Step 25
To stay motivated, acknowledge the benefits you will experience as a result of your efforts.
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Step 1:
Commitment to change
The first and most important step in developing and following a financial plan is to examine your attitudes about money. Are you ready to accept responsibility for changing your financial situation? Do you believe that you can and will change the way you make financial decisions? Can you identify at least one benefit you hope to gain by changing your money management behavior?
You are definitely ready and able to start your path to financial wellness.
Look at some of these statements. By making and keeping these your financial future and attitude to wealth can dramatically change.
| 1. |
I will make informed financial decisions, understanding the difference between wants and needs. |
| 2. |
I will communicate with my family about money matters so that we are all working toward the same goals.
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| 3. |
I will be aware of the effects of advertising on the financial decisions I make, and resolve not to be influenced by them. |
| 4. |
I will take care of my finances today by tracking expenses and creating a budget that is flexible and realistic. |
| 5. |
I will take care of my finances tomorrow by saving for my future. |
| 6. |
I will meet the credit obligations I have made on time and as agreed. |
| 7. |
I will continue my personal education about financial health, budgeting, credit, and personal debt. |
| 8. |
I will plan for periodic expenses, including the next holiday season. |
| 9. |
By good example, I will teach my children the importance of budgeting, saving, and the wise use of credit. |
| 10 |
I understand that having a working financial plan includes money for fun and for the family. |
Successful money Management is a process, take the first step.
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