I’ve been in the personal finance game for a long time! That means I have plenty of experience with what does and doesn’t work when it comes to money. One thing I will say is that there are certain money management principles that always hold true for me. When I started following these principles religiously, things started to turn around for the better with my money. For example, tracking my spending had opened my eyes to my true habits and behaviors with money. Knowing this information meant I could start to make changes much faster and see the impact of those changes. That’s just one of the seven money management rules that changed the game for me. Check out the podcast episode to hear the others!
Here’s a glance at this episode:
- [02:50] I created my own tracker in Excel that allowed me to see exactly where my money was going, in relation to my budget.
- [06:40] I was constantly spending money I didn’t have (and didn’t have coming in) on things I didn’t need, which caused me to go into debt for years.
- [10:04] It’s easy to assume we don’t “make enough”, but instead we need to make sure we’re doing the right things with the money we do make.
- [13:27] It doesn’t take much to get started with investing, even if it’s for retirement. However, the earlier you start, the better off you’ll be.