Were you meaning to get on top of your money situation for all of 2017 and you just didn’t get around to it?
Maybe you find it just too difficult when you start to look at doing it. Or you can’t be bothered with the arguments that talking about money bring up with your partner?
Whatever your reason for not getting started with it, doesn’t mean it’s too late, it fact it’s never too late to get this sorted.
Okay so Money Plan…
What is a Money Plan?
A money plan isn’t just a budget or something you need to do with your money. It’s a whole system of different elements that make up your money plan. Each element has an important role to your money plan and your ultimate financial freedom.
Your money plan is made up of your money mindset, goals, numbers, emergency fund, debt, savings and then your financial freedom.
So why do you actually need this Money Plan?
Having a plan for your money is just like a having a road map, you need to know the directions to go.
There are goals you have for your life, there are things you want to do, and if you don’t have a road map for your money you won’t know which direction to take.
Don’t know want to know where you’re going and if you have to seek another direction that you have the road map to tell you the answers?
What do you need in your Money Plan?
Below are the elements that need to make up your brilliant new Money Plan.
-
Money Mindset
This is one of the most important elements, if you don’t have the right money mindset, it can undo all of the other elements in your Money Plan. You need to understand why you are in your current money position, how to get yourself out of it and have a life of abundance and freedom whilst maintaining a mindset of abundance and wealth.
-
Goals
Having goals as a part of your money plan is an important factor as you need goals to be continually working towards financial freedom and then keeping it.
-
Budget
Without knowing your numbers inside and out you don’t know where your money’s been going or where you should be actually telling it where to go. That’s what makes this another crucial element in your money plan…get to know your money!
-
Emergency Fund
What’s a money plan good for if you’re constantly worried if something unexpected comes up? You need to know that you’re covered if something unforeseen happens and not having any more worry or panic.
-
Debt
Getting a plan in place to get your debt paid off for once and for all.
-
Savings
Plan for your savings so that you can continually say YES to what you really want.
-
Financial Freedom
