The most valuable resource in life is money. It can improve your well-being, health, and success. But managing it might be one of the most difficult challenges to do.
Money is an emotional subject: we want it, we don't want it, or we're not sure how much we need it. And when there's a lot at stake, that uncertainty can lead to mistakes.
So how can you get better with money? Here are three steps:
1) Take stock of your current financial situation. Sit down once a month and write down all your expenses (rent, mortgage payments, utilities, car payments), then add up how much money you have left over each month after paying those bills. You might be shocked to learn the truth!
2) Set goals for yourself based on your current situation and then stick to them! If you're having trouble saving money for retirement because of student loans or medical bills, for example, figure out how much extra income will be needed each month in order to meet those goals by retirement age (e.g., $30K per year). Then find ways to increase that income.
3) Make sure your expenses are reasonable. Even if they seem like small things, they add up over time. so it's important to keep an eye on these costs so that they don't spiral out of control.
Money is an emotional subject: we want it, we don't want it, or we're not sure how much we need it. And when there's a lot at stake, that uncertainty can lead to mistakes.
So how can you get better with money? Here are three steps:
1) Take stock of your current financial situation. Sit down once a month and write down all your expenses (rent, mortgage payments, utilities, car payments), then add up how much money you have left over each month after paying those bills. You might be shocked to learn the truth!
2) Set goals for yourself based on your current situation and then stick to them! If you're having trouble saving money for retirement because of student loans or medical bills, for example, figure out how much extra income will be needed each month in order to meet those goals by retirement age (e.g., $30K per year). Then find ways to increase that income.
3) Make sure your expenses are reasonable. Even if they seem like small things, they add up over time. so it's important to keep an eye on these costs so that they don't spiral out of control.