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 […]
Step 1 – To Gain Financial Stability – Tracking Your Spending
Are you ready to join us on a journey toward Financial Stability? Each month, Deepwater Industries FCU will focus on one step of a journey of Financial Wellness. We’ll tackle the topic in detail and help you learn all you need to know about this step. Follow along, and at the end of the year, […]