Submitted by Eileen Stoner, CDFA® DREAM resources

Part 1: Budgets and Planning (First of a Three-Part Series)

Sometimes we think that we have to make major changes in our lives to get ourselves on track. But in reality, major changes are the result of a series of small steps.

What Will You Do Today?

Here are some small steps you can use to get started on your journey:

  • Ask yourself the following question throughout the day: What is the best use of my time right now? This technique is used by some of the most successful business people to keep themselves on track. Sometimes you’ll find yourself doing an activity that makes you feel busy but is not productive. By simply asking yourself this question it will keep you moving forward with today’s tasks.
  • Resolve to cut out one expense that brings you neither joy nor prosperity. Write your resolution on a piece of paper and post it prominently, so you won’t forget. Put the money that you would have spent into an envelope or a separate account, for savings.
  • When dealing with cash in your wallet, put small bills in front for easy access, and large bills behind for security. At the same time, dump the loose change into a jar for savings. Every time you touch money, you should feel a sense of security, not disorganization.

Reprinted with permission from Women’s Institute for Financial Education, WIFEeditor