Money matters don’t need to be unmanageable or headache inducing. Most of us are time poor — we have demanding lives, careers and families that leave us little wiggle room or time for ourselves. We have little desire or time to spare worrying about personal finances. Yet, here we are again talking about money and how to take the guesswork and worry out of your personal finances.
It’s easier than most people think.
Most of us want to get more out of our life and money, but may not know where to start. It can be daunting, but confidence comes from knowing where you are going in life, having good money habits and being in control of your financial future. To focus on the bigger picture and what really matters to you, the best and easiest way is to get your personal finances on track to achieve a monthly routine. It’s no different than having a daily and weekly routine for yourself.
Keeping your life moving in the direction you want supported by a good plan will keep you focused on achieving your personal and financial goals! Live your best life today. Here’s how to change your life in six weeks by following The Money Do List.
Tackle one Money Do List item every week for the next six weeks. You will feel empowered, in control of your life, worry less and increase your financial security. It’s that easy. Focus on your weekly accomplishments and highlight what’s been done. Surely this could have been called The Accomplishment List, but instead The Money Do List will keep you focused and on track to betterment in just six weeks.
Take the challenge and make The Money Do List work for you. It’s as easy as 1, 2, 3…
1. Set two or three personal goals
Map out your future by defining a series of short-term personal goals. Create an action plan for success that includes a timeline and mini steps to get you where you want to go. Spend money on goal-related pursuits, and you will reach your goals faster.
2. Create a spending plan
Do you know where your money goes or do you follow the pattern of money in/money out? Time to empower yourself by creating a spending plan. Take time today to spend mindfully and be in charge of your future.
3. Reduce debt
Overspending is easy to do, but carrying larger amounts of debt and paying too much interest could be weighing you down. Pay down any non-mortgage debt you have to simplify the payables. A debt consolidation loan is one option to address high credit card debt. Reducing debt will put you in control of your finances and address your spending plan.
4. Consolidate your accounts
Do you really need three or more credit cards in your wallet? Keeping track of balances and transactions may be too much for you. Consolidating your accounts will keep your spending plan in focus.
5. Put your savings and bills on autopilot
Set up automatic bill payments and automate a savings plan. We all know it, but saving money each month is saving for the future. Just know, savings are what you pay yourself, and if you want to secure your golden years and worry less, pay yourself first. Set it and forget it.
6. Review and update your policies
Make time to read and review your coverage on all policies — home, life and auto — so there are no surprises. Disability benefits have changed: Do you know your coverage? Comparison shopping can be done each year, even if you are happy with your insurer. Do you have a will? Have your family circumstances changed? Policies are not just about price, but about getting what you need. It’s time to ensure you are covered.
Don’t forget to tick the box. You can’t boil the ocean in your life, but you can start today with this simple program. You will feel more in control of your life and your money. Your confidence and emotional well-being will take a boost, too. It doesn’t get better than this, does it?