Step 13 – To Gain Financial Stability – Tax
As tax season comes upon us, it’s a great time to reflect on your financial goals and make sure you’re in the best position for the year ahead. Whether you’re filing your taxes for the first time or you’re a seasoned pro, here are some tips to make this process as smooth and stress-free as […]
Step 12 – To Gain Financial Stability – You Did It!
Congratulations! You’ve reached the 12th and final step of the 12 steps to financial stability. In this step, we’ll review each of the previous steps and adjust this part of your financial health as necessary. Step 1: Track your spending Are you being responsible in tracking your spending? You can do this with a budgeting […]
Step 11 – To Gain Financial Stability – Investment
With your retirement funds up and running, you’re ready to give your money its best chance at growth through your choice of investment options. The world of investing can be vast and confusing, especially to a first-timer. There are so many decisions to make, and each one carries with it the risk of loss, or […]
Step 8 – To Gain Financial Stability – Indulge Responsibly
Now that you know how to spend mindfully, pay it forward, and regularly set aside money for savings, you’re ready to learn how to indulge in the occasional expensive treat–responsibly. Many people equate financial health with a life of deprivation, but this is far from the truth. In fact, living a life of true financial wellness means […]
Step 7 – To Gain Financial Stability – Pay Yourself First
“Pay yourself first” is a catchphrase that refers to prioritizing your personal savings above other expenses. To achieve it, savings should be a fixed line on your budget that happens every month without fail. Here’s how to pay yourself first. 1. Review your spending Take a clear look at your spending and track it over […]
Step 6 – To Gain Financial Stability – Pay It Forward
Now that you’ve started paying down debt, you and your partner have tackled big money issues, and you’ve mastered the art of spending mindfully, you’re now ready to think beyond your own needs by learning how to pay it forward. Money management can sometimes feel inherently selfish. You’re earning, budgeting, saving and investing, all so […]
Step 5 – To Gain Financial Stability – Mindful Spending
Creating and deciding to stick to a budget is easy; actually, carrying through on your plan is the hard part. For many people, a big part of the gap between what they want to do and what they actually do is caused by their failure to spend mindfully. When every buy is just a swipe […]
Step 4 – To Gain Financial Stability – The Money Talk
You’ve tracked your spending, created a budget, worked on ridding yourself of debt, and are well on your way to a financially secure life. Now you’re ready for step four, in which you’ll have the money talk with your partner. Talking finances with your partner may not be your idea of a shared romantic moment, […]
Step 3 – To Gain Financial Stability – Pay Down Debt
You’ve tracked your spending, designed a budget for your monthly expenses, and you’re well on your way to financial stability. In this next step, you’ll create a plan for paying down your existing debt. Consumer debt can be one of the biggest challenges to realizing good financial stability. Credit card companies design their business model […]
Step 2 – To Gain Financial Stability – Creating a Budget
Now that you’ve tracked your spending and kept a careful record of where your money goes over the course of a month, you’re ready to move onto the next financial stability step: creating a budget. Budgets play a crucial role in promoting financial awareness, which leads to more responsible money choices. Let’s take a look […]
