Finding your why for personal finance is an important step in setting and achieving financial goals. To begin, it’s important to think about what motivates you as an individual when it comes to money…
Combining marriage and debt often leads to an atmosphere of stress and anxiety. But this doesn’t need to be your reality. By working together, you can effectively tackle any debts that you or your spouse have accrued. 1. Create a list of all of your debts. 2. Define combined financial goals. 3. Commit to achieving those goals. 4. Set a deadline. 5. Create a financial plan. 6. Evaluate payoff options. 7. Talk regularly about money with your spouse. 8. Don’t assign blame, instead work towards a solution.
Having a goal without a clear and defined purpose is really just a dream. Assign a monetary value for each goal and the time frame within which you want to achieve it. Make your goals realistic because they’ll help you stay on track and inspired throughout the journey. It’s critical to separate short-term (less than 3 years to completion) and long-term goals.
Make your money saving goals a habit. Many people only put money into savings that is “left over” at the end of the month. Pay yourself first and you will make incredible progress towards your goals.
A vision board is a collage of words and images that symbolize your ultimate life vision. Meditate to help you see your five-year-future self. Many very successful people use vision boards to achieve great things in their lives. Start by writing down some one-year goals in areas like family, your career, health, finance, and travel. Take time to meditate on a regular basis and imagine how it would feel if you had already accomplished these things.
What is a vision board? It’s a visual depiction of your objectives. These visuals are often poster-sized and feature a variety of images and text. Some vision boards focus on one particular concept, while others encompass a holistic view of how you want the future to look. Putting your goals on paper in a visual form can help you visualize how you’ll achieve them.
Position your vision board where you will see it frequently in order to make it effective. The key is to keep any phrases short and pictures bright, appealing, and shiny. Be open to different approaches to your goal.
Looking to make a real change in your financial future? Then you first have to know where your money goes. In detail. So what does this really look like? Make it simple: Make large categories, say 15-20 of them, rather than trying to pinpoint every expense into its own category Take the time to go …
I know, I know, this sounds boring as all get out! Positively dreadful! I can already hear you thinking: “I have to sit down and decide tday what I am going to want to eat on Thursday? How will I know what I’m in the mood for then? What if I don’t feel like cooking …