The Best Proven Strategy for Financial Planning (The Money Plan)

Building your successful financial plan needs an understanding of your current financial situation and looking at the different investment options. Also, monitor your financial plan regularly.

I remember those years when I experienced being broke and living paycheck to paycheck. It was really hard for me having two kids and not being able to easily provide for their needs that’s why financial planning is important in our daily life regardless of what age, income, or marital status, we need to have a financial plan that will help us to be in control of our investments, income, and expenses to achieve our life goals.

You must give yourself some quiet time to think if your goals are for the long-term or short-term. Either way, you need to consider these possibilities:

• Short-term goals

Short-term goals can be reached in a year or so. You must create an emergency fund that can cover three months of your living...

Snowball Method Can Change Your Life: The Debt Snowball Effect

A Debt Snowball Effect is a repayment strategy that is focused on paying off your smallest balance first. This strategy has a big impact on your finances and is useful to get debt out of your life.

Debt can cause you a lot of damage that can lead to stress and serious health problems. Believe me, I’ve been there. It affected me so much and it drives me crazy and it hindered me from achieving my goals.

I spent so many years living my life paycheck to paycheck until I decided to move forward.

In order to be debt-free, you need the best, powerful method strategy, to use and to do on a daily basis and I recommend the Debt Snowball Method that will help you to achieve financial freedom!

DO YOU ANALYZE YOUR DEBTS?

Do you know that there is a relationship between your credit reports and debts?

There are some debts that you must not include on credit reports. For example, you just borrowed money from a friend or family...

The Highlighter Exercise: A Powerful Way to improve Financial Planning 

Financial planning plays a huge part in our daily life. The average woman is thinking about their finances 5-10 times a day. Not planning will sometimes lead to tons of stress, so I have developed a simple system that helps me get organized.  As Emily Stroud said, “If you take control of your finances today, then you won’t be a victim of them tomorrow”. 

We know that the general prices for goods and services are rising. It is imperative to determine the status of your current finances that will help you think about how you will improve them. One of the easiest ways to track your expenses effectively is the “Highlighter Excercise Method,” which will show how you have already spent your money. When I have the women in my community do this, their reactions are mixed; some cry, others are surprised. After the initial shock, it’s time to take action. 

Taking...