10 Money Management Tips and Financial Habits to Start

I‘m always on the lookout for articles with the potential to positively change a business. What’s your take on the following points I came across recently?

Looking back, it’s easy to see the importance of learning to save, plan and budget. It helped to shape our financial knowledge for our future and instilled the ability to understand and respect the value of a hard-earned dollar. With what you know now about saving money, what money management tips would you tell yourself in your 20’s to help prepare you more for your future? For me, the tips are clear. Here are 10 Money Management Tips to Start in your 20’s:

1. Start a savings account.  Don’t worry about the balance. Just save and forget, each and every month. Make that account untouchable unless truly needed for an emergency. Make yourself put in an amount each and every month or paycheck. Then, make certain to only look at it every once in a while to see its growth. If you can, automate it to add a few bucks from each and every paycheck. That way, you truly can save and forget about it.
2. Set a goal. What are you wanting to put your money towards? A home, a car, to pay off loans? Whatever the choice, choose it and set a time-frame to achieve it.

I’d be really interested to know your opinion. Check out the full article here and then I’d be happy to discuss with you by phone (0400) 032-110 or email [email protected].

Thanks,

Bill Mitchell