Those close to me say Personal Finance just may be my love languge.
Please do not be confused - it is not money that I love. It is the management of money that I feel passionate about.
Ideas that have shaped our families financial approach to living a life we love:
Resources:
Ideas that have shaped our families financial approach to living a life we love:
- Spend less than you make
- Know how much money your family makes and where/how you will spend it
- Understand where you are at
- Commit to where you want to go
- Build a plan and monitor/measure regularly
- Meet as a team to review and update your plan as needed
- Mentors - Oh man, this is HUGE. Educate yourself. Learn. Grow. Ask questions. Read books. Surround yourself with others who are doing the things you want to do and ask how.
- Fine print..... you can follow financial personalities online and those can be your mentors. You can check books out from the library. There is always a way to learn and grow if you are ready and willing!
Resources:
- Track your net worth (the value of your assets minus liabilities)
- Dave Ramsey Baby Steps
- Read books that will teach you what you want to learn (Personal Finance, Habits, Lifestyle Design)
- Make a plan for your money and review regularly (weekly, monthly, quarterly, annually)
- Have an agenda for these meetings // make them fun!