We want to earn more money. We want to retire at a reasonable age. We want to improve the relationship we have with our money. And we want to find ways to manage our money better and save as much of it as we possibly can.
Good money management practices are often a result of hard work, dedication, and an ongoing commitment to the long-term. But what it boils down to is simply taking initial action.
One of the best ways of doing this was to do a quick Google search to find the best providers and to get a quote from multiple providers one at a time.
A financial plan is one of the best tools you can have available to you. Your plan is like the north star of your current and future financial picture, guiding you through your decision making and showing you the exact next steps you need to be taking.
3. Review Your Subscriptions and Memberships
The bottom line here is that you really need to consider whether or not you’re getting your money’s worth. There’s a good chance you can find free alternatives that can easily save you another few hundred dollars of your well-earned money.
4. Eliminate Your High-Interest Debts and Loans
Create an action plan for paying down your debts and stick to it. This plan will help you stay focused and committed to tackling your debts most effectively and freeing up cash flow so that you have more available cash to save and use in other areas.
An accountability partner also referred to as a success partner, is exactly what it sounds like. A person who’s there to hold you accountable for the decisions and actions in your financial life.
6. Challenge a Friend to a No-Spend Challenge for 30 days
Keep in mind that it’s next to impossible to avoid spending entirely as you’ll have bills to pay, but pick one or two spending categories and challenge yourself with avoiding spending in those areas.