Using COVID as a Motive to Improve Your Finances
As we enter our 8th month of dealing with this crisis, many of us have accepted that this is a long-term situation. As such, we can look at how we can make some meaningful changes to improve our long-term personal financial health.
Saving Money During COVID
“Who can think about saving money during a pandemic?” We all can. Many of us are living a different lifestyle now than what we have been used to. If this lifestyle uses less discretionary spending, capture that balance in savings. Carrying these savings habits forward will hold you in good stead in the future and keep you on the path to saving for your goals, both short- and long-term.
Credit Cards - The Art of Getting Out of Debt
You have credit card debt that’s stressing you out. Whether an unexpected expense or past negative spending habits triggered the debt, it’s understandable to want to throw every spare penny to pay it off. But, that’s rarely the right strategy.
Without a Spending Plan you can easily find yourself in a negative cycle of paying your debt down only to see it build up again despite your desire to get off the hamster wheel. This can be incredibly demoralizing.
Habits - The Good & The Bad (part 2)
In our previous article, I talked about why cultivating good habits is so important. They make mundane or repetitive tasks rote so you can devote more of your brain power to the more novel or important things in your life. I also gave the example of how to make tracking your spending a habit.
In this article, I want to focus on two other critical aspects: the importance of breaking bad habits and making continuous improvement a habit.
Habits - The Good & The Bad (part 1)
You want to do right by your future self while conducting your daily life. But sometimes the constant bombardment of information and onslaught of decisions we’re faced with can be overwhelming. Imagine if you also had to remember to take a breath every 15 seconds, or had to really think about how to move your leg muscles with every step you took.
