Lately, I have been talking about some very basic concepts for you as you attempt to have a good relationship with money…Yes, that has been what I have been doing. So, let’s really be serious right now. I am not Suze Orman, I am not David Bach, and I am not Dave Ramsey. They all can tell you what you do wrong, what to do right, and how to be rich. I work with you as a partner to be able to make better decisions with money. But, I do want to touch on some very basic things you might want to think about with your money in order to have a better relationship.
- Create and prioritize your long-term goal.
- If you have a partner, communicate, compromise, and collaborate on your goals.
- Learn how to wait to accomplish your goals until you have the resources.
- Get a checking account and learn how to use it correctly.
- Decide if you want convenience with your savings account. If you do, have it at the same bank as your checking. That way you can conveniently automate a direct transfer easily from the checking into the savings.
- Create a spending plan, not a budget. The spending plan will be more realistic and you are accountable to you. That is the goal.
- Do include an emergency fund in your spending plan.
- Meet your banker.
- Learn how powerful you feel with cash in your pocket or wallet. Not necessarily to spend but to have it if you need it.
Putting you in control of your money makes it easier to make better decisions with money. Begin to learn about your money one step at a time.
But, one thing, it costs no money to be a decent person. And being a decent person begins with you being decent to YOU!