Automate Your Savings
Automate your savings. This is a trick many financially savvy people know about. Before you spend a single cent — put away at least 10 percent of your income into a savings account. If you can, put all bonuses (or any expected income) into this account too. Name it something fun like “Round the world…
Think About The Outcome
The fastest way to move forward is not to focus on a to-do list of rational steps to move forward but instead to clarify in detail the outcome that you want. When that same outcome is kept top of mind for a sustained period of time, your attitude shifts. When you apply this consistently over…
Create A Mental Picture
Develop a single exciting mental picture of where you want to be in five years, “Each day as you pull out of your driveway on the way to work think about that image.” Maybe this sounds a little silly, but visualization is an effective motivational technique. It might feel like you’re just daydreaming, but you’re…
No Spending One Day A Week
No spending one day a week. This can be played creatively like a game! If you have a transport pass, food in the fridge, coffee in the cupboard and wifi at home — you are set. A walk outside, making lunch for your partner and Skyping a friend are all free and fun!
Budget Your Pants Off
Any good financial situation is founded on a solid budget, even the rich have to budget some things. Make a budget before you do anything else (and it’ll help you with building that cash cushion, as well). Identify areas where you can cut back spending (stop buying $5 cups of coffee, for instance), and then…
Plan, Plan, Plan
Before you can enjoy better financial health, you have to know where you’re going. What IS financial health to you? A good financial situation is different things for different people, and how you get there is up to you. The best way to start building better financial health is to make a plan. Write down…
Remember money isn’t everything
Money, of course, isn’t the only value in life. We also need good health, relationships, a meaningful life, among other things. Money and well-being does show some correlation up until $75,000 a year, but after that point money shows no significant effect on increased well-being. It’s important to remember that someone who is rich can…
First step is to get a copy of your credit report
Your credit reports can provide a snapshot of your overall financial standing and a free consultation reviewing your activity with our certified in house credit counselors. It is also easier than ever to obtain copies of your report without impacting your score due to an inquiry. *** If you have filled an application and submitted…