From the course: Personal Finance Tips and Tricks

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How to make financial plans that stick

How to make financial plans that stick

From the course: Personal Finance Tips and Tricks

How to make financial plans that stick

- Have you ever tried to turn over a new leaf just to find yourself backsliding into old habits? Change is tricky. Not only are humans programmed to prefer the status quo, but our lives are often so complicated that trying to staying focused on the goal just feels like too much to manage. Financial changes rarely happen overnight. It's when we work on them over time that we can get big results. So, instead of pushing yourself to make a huge effort all at once, commit to small regular efforts. Schedule a half hour once a week to sit down with your money. Yes, you can move that half hour depending your schedule. And what you do with that time will evolve according to what you're working on. But the idea is to start with a manageable framework and routine. Then get a baseline of what your money's doing right now. Track your income and expenses and where you are with assets and debt. This will give you a clear starting point. Sometimes this causes anxiety, especially if we've avoided this…

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