Are you sacrificing your future for a new pair of shoes? "Set up an auto draft to fund your financial goals -- retirement, education, home purchase -- and use any excess income to fund your rewards," suggests Julie Asti of Asti Financial Management in Berkeley, California.
"People think of a budget as a four-letter word," says Asti. "But before you can make any changes or move your financial situation forward, you need to understand where your money goes each month."
Would a major expense, such as a car repair, knock out your bank account? "Having less than $1000 in your bank account means that you are not living close to the edge -- you are on the edge," says Asti.
Are you hiding shopping bags? Kathleen Burns Kingsbury of KBK Wealth Connection in Easton, Massachusetts, is a wealth psychology expert and the author of Creating Wealth from the Inside Out. "Retail therapy may feel good in the moment, but the resulting shame and embarrassment indicates it is time for a financial makeover," she says.
Do you put everyone's financial needs ahead of your own? "Many women answer 'yes' to this question," says Kingsbury. "For every dollar you give to others, match it with a dollar investment in your golden years."
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