Lots of people have made creating smarter financial goals as a priority to work on for 2018. Trouble is, for those who have been taking the bull by the horns regarding spending, fear seems to grip them. Where does one begin when it comes to being financially smarter this year, so that it can carry for years to come? I did some research because I am working on this goal myself and what better way to share my tips with you to get you started:
1.) Write your financial picture down- this means your earnings, assets and debt (every person or company you owe, leave no stone unturned). Afterwards, read over what is before you because you can not take action unless you know where you stand. The information may make some of you cringe, get mad or just sigh. Let this go because you were brave enough to face it and to do something about it.
2.) Set up a budget plan- that word budget scares a lot of folks because the first thought that may come up is deprivation. If you budget wisely and with a great attitude, you can feel really good about it and come out ahead. Click BETTER BUDGETING FOR 2018 for more information
3.) Create a money jars system- this system was introduced to me through T. Harv Eker's book, "Secrets of the Millionaire Mind". It does not matter the amount you start with, it is the habit of doing it daily. You will be surprised how your money will build just from starting with little. For more information click here MONEY JARS SYSTEM.
4.) Pay yourself FIRST- you are the most important product and you must get paid not only from your job or business but to yourself. Get an automatic savings plan at work or have your bank deduct a specific amount from your business account that can go into your own personal savings account.
5.) Prioritize your spending- Do you really need another pair of shoes or dress? That money can help pay off your student loan or credit cards. This is what prioritizing is all about. It may seem tempting yet you will feel really good when you are debt free and your savings grows.
These tips are just a few that can help get you started on your way to financial freedom. For other tips, please go to Instagram and follow these savvy financial folks:
@citygirlsavings
@financialista
@spiritualmoneyhealing
@cjthemoneyguru
Tell them @prosperous1__ sent you and I congratulate you on reading and taking your financial picture seriously. Please comment below and I support you!💓
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