Here are some tips on how to adopt an action-oriented approach to your finances.
Tommy Tindall, NerdWallet If financial resolutions are intentions —"I want to save more money this year" — then financial goals are a more specific aim —"I plan to cut discretionary spending by 20% each month."
As a coach, he helps leaders focus on what's important. He says people often overlook the intention of the change they want to make because it’s thought to be implicit. That can lead to tunnel vision and inflexibility on specific targets.People are also reading… Let’s say your financial intention for 2023 is to spend less money and pay off debt. Say it out loud to someone who’ll listen, says Bobbi Rebell, certified financial planner and author of “Launching Financial Grownups.
“It’s usually not as bad as you thought,” says Rebell. This exercise tends to uncover that a lot of expenses are discretionary, she says. “It’s basically a modern version of ‘freeze your credit card in the ice cube,’” she says. And yes, the literally frozen credit card is a thing.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New laws in effect in New York and New JerseyAs we start the new year, some new laws are now effect in New York and New Jersey.
Read more »
New year, new beginnings: How to make attainable changes for the new year and beyondNew year, new beginnings: How to make attainable changes for the new year and beyond. That’s why the non-profit United Way of Tucson makes those new beginnings or new goals just one click away.
Read more »
New Year, New Me: Are New Year’s resolutions a good idea?As we head into 2023, we take an in depth look at whether New Year's resolutions are even a good idea and if you're going to take them on, how to stay with it.
Read more »
Letter: Santos just followed in Trump’s footsteps. Why is that surprising?Letter: 'Obviously the ends now justify the means to gain power in [the Republican Party] at this time in history. This party now seems to be breeding and cheering on liars.'
Read more »
Why is the Israeli army concerned about the new Netanyahu government?According to the local media, Benjamin Netanyahu and his far-right allies’ plan to restructure the military has triggered some in the Israeli army to question how it might impact its chain of command.
Read more »
Why you should give the gift of mindfulness this New YearMindfulness can teach us to be more present — not just for ourselves, but also for our colleagues, friends and loved ones.
Read more »