Last Updated on
Society talks a lot about self-care. The importance of getting a good night sleep, eating right, finding me time, etc. Very little time is spent on arguable the most common stressor – money. Instead of stressing out about money, we need to start financial planning and focusing on money management.
This article is the starting point for how to start your financial planning by taking simple steps each week.
More importantly, we will discuss how to develop a financial plan where you are in control.
First and Most Importantly, You Are NOT Alone
It is too easy to think that you are the only person on this planet that has money issues. Few people talk about money as it is taboo in civilized conversation.
Additionally, friends post all the great things happening in their lives. They have the perfect lives on social media. This is a lie.
Many people have money issues including those at above average income levels.
The truth is more telling.
According to Thrive Wallet:
- 90% of Americans state that money impacts their stress level
- 21% have negative physical health issues associated with the financial stress
- 30% believe money stress negatively impacts their family life
- 65% state their financial difficulties are so problematic that there is no way to overcome them
If this is not enough to convince you that you are not alone….
According to Creditwise:
- 73% of Americans state finances are a stress in their lives more than work, family or politics
- Only 40% of Americans are optimistic about their financial future
Clearly, you are not alone in stressing out about money.
Now, the good new.
YOU CAN IMPROVE YOUR FINANCIAL FUTURE
Self-Care is Important in Reducing Stress
There are numerous articles on reducing stress. We are told to exercise more and eat better. These are all good ideas, but these ideas will not eliminate the root cause.
If money is the root cause, then we need to take control of our finances by having a financial plan. This is about financial self-care.
Where to start?
Start with our 9 Week Financial Challenge – Which is Completely Free
Week 1 starts with goal setting and action plan development that are critically important to achieving your financial bucket list. Challenge 1 sets the stage for the remaining weeks.
Below are the weekly challenge articles. The challenge builds over the three months, so at the end we are talking about the importance of investing.
|1||ACHIEVING YOUR FINANCIAL BUCKET LIST|
|2||START PAYING OFF DEBT and SAVING MONEY|
|3||DECLUTTER and MAKE MONEY|
|4||CUT THOSE MONTHLY EXPENSES|
|5||HOW TO REDUCE SPENDING ON FOOD|
|6||ACHIEVING YOUR FINANCIAL GOALS|
|7||MAKING MONEY by INVESTING in YOU|
|8||INVESTING TIPS for BEGINNERS|
|9||DREAMS, GOALS and FINANCIAL NEXT STEPS|
In addition to the step-by-step articles, there is a 30 page workbook. The workbook is also completely free. Just sign up and we will send it out. Don’t worry. No spamming emails from us are coming as a return gift.
Our goal at WhipperSnapper Finance is to help you achieve financial independence. It is really that simple. We want to share what we have learned with you. So, give it a try and let us know how it goes.
The first challenge is creating your financial bucket list. There is no time like the present to get started, so sign up for the workbook and start reading the article of Achieving Your Financial Bucket List. I mean wait until you finish this article and then start!
Jump Start Improving Your Finances
There are three key areas to consider when looking to improve your finances: Saving Money, Earning Money, and Investing Money. We will tackle all three areas during our 9-week journey to financial self-help.
Saving money will likely have the quickest impact on your finances. Saving money is usually the easiest to understand and fastest to implement. Below are a variety of articles on saving money to kickstart your progress.
Some of these ideas will come up again in the weekly challenges, but we wanted to get your creative money saving thoughts started.
Remember, saving $25/week over a year is $1,300, so little things do add up.
Now is the time to take control and stop stressing about money. Start the 9 Week Finance Challenge and develop a new mindset and new habits regarding money management.
Below are some additional articles that you will find interesting. Please follow us on Pinterest to get even more great ideas.
Good Luck, WhipperSnapper Finance