How are you doing with your money in the new year?
People that I talk with answer that many different ways. Some say that they are doing well. Others say that nothing has changed.
People that are doing well with their money report that they have more confidence that they know where their money is going. Their budget or spending plan is not perfect but it is getting better. They are making progress in being more effective telling their money where to go. They have set some goals and are making progress toward them. It may be a starter emergency fund or beginning to reduce debt. The common denominator of progress with your money is a budget.
Those people that are struggling with money are frustrated. Some of them report a resignation attitude that this is the way it will always be. That is not so. Today can be the day that they change their relationship with money to one of uncertainty to one of knowing where their money is going.
The people that win with money are the people that budget. They create a plan for their money. That is why a budget can be called a spending plan.
“I don’t know how to do that,” you might say. You have several options. You read a book and try to figure it out on your own. Plenty of people have been able to figure it out that way. A second possibility is to attend a class like Financial Peace University. Nine weeks with video and conversation. The third way is to hire a coach. One on One. You get individualized instruction and accountability.
Whatever your method, today is the day that you get started.
You can win with your money, but you must take action. You can do this!
For help in creating a spending plan or budget, email Russ at russ@russbellmoneycoach.com.