It’s the end of January (finally) and you may have set some resolutions or goals. How are they going? Were they related to money? When we work with clients, there are some key things around money and money goals that we work with them on. We wanted to share this with you, see our 5 money tips below to help you have more money in 2020…
1. Plan Your Money First; Income and Expenditure
When we spend our money without a plan we can end up spending beyond our means.
When you start each month planning your income and
expenditure it means you can plan to save, to spend, and to take the fear out of both.
How would you feel knowing you have enough money every month? This starts with a plan.
2. Accountable for Your Account
Find someone who can act as your accountability partner and help you stick to your goals or if possible be your own accountability partner and set rewards for your progress.
3. Be Frugal
To get you on track sometimes, for a short time expenses should be cut. This may be not going out, eating out, getting one less coffee a week, bringing homemade lunch to work, etc. Save money now and quicker by cutting these for a short time, once you get a handle on your money, these can be added in again.
4. Be Consistent
This only works if you are consistent with your plan. January can be a great month to start as we are often motivated by “new year, new me” but this should be a life plan. Try it in 3-month cycles to start, once you start to have more money and feel better about your finances, it’ll be easy to keep going. If you are really struggling, get a financial advisor to help.
5. Set goals
A plan is nothing without the reason why you are doing it. Setting goals means you have something to strive for, on the hard days when you want to buy the unnecessary expense, your goals will keep you motivated to stick to the plan!
Try these 5 Tips on How To Have More Money and see how they work. If you need a financial plan Gwen can help……..Contact Us & Get More Tips on Saving More Money
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Gwen Clarke Financial Services Ltd’s team of experts understands that each of the clients has unique financial needs, which is why we tailor our services to meet your specific requirements. It is our aim to help you achieve your financial goals by providing you with personalized advice and guidance every step of the way. Whether you’re looking to invest for the future, secure a mortgage, or protect your loved ones, we can help. Contact us today to learn more about our services and how we can assist you in securing your financial future!