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 The U i a e G ide T S a M e
Ma age e

Managing o mone i n ea . Tha h o man people make mone mi ep :

doing he igh hing i ha d.

An ime o fo ce o elf o ha e a li le mo e di cipline, i like o b ain

o e co ec and, befo e o kno i , o e d ained o bank acco n .

Beca e mone managemen i o di c l , i impo an o make i a eg la pa

of o da . Yo need o do hi i ho e en hinking abo i ; he be a
o do ha i h o gh habi and dail o ine .
Habi make mone managemen a ea a po ible, p ing impo an a k on
a opilo . Con i enc i ha make o eal hie , no alen o ma (al ho gh
ho e a e nice o ha e, oo).

Good habi a e ha d o b ild, b once o ha e hem, i ha d o kick hem. When

o in e o ime in he igh a k , o ll ee di idend (p n in ended).

He e e e hing o ll lea n in o de oc h all of o mone managemen

goal :

● 4 mone habi m -ha e

● Wh o can a e fo e e
● 10 mone managemen ip ha o can e e e da
● Ho To Make Sma Mone Habi S ick

Ho e e , befo e o can c h o nance b b ilding good habi , he e fo

c cial hing o need o do .

4M e Habi M -Ha e

Sma mone habi b ild a heal h fo nda ion fo o nance . B o ill need
a good a eg backing p he e habi . Af e all, i doe n ma e if o a e o
loo e change if o e blo ing h nd ed of dolla in in e e pa men e e ea .

Follo he e 4 ep o ppo o ma nancial habi i h p ope mone

managemen .

1. B i d h - e a i g
noble ha o an o pa o deb , b o ho ldn a o jo ne i ha
deb pa o . Wha happen if o ca b eak do n, o ge ick, o o home i
damaged b a na al di a e ?

When life happen , o need a nancial c hion o co e he h-oh e pen e ha

come i h ad l ing. A a minim m, o ho ld ha e $500 o $1,000 in a ing .

Thi migh no co e an en i e eme genc e pen e, b he c hion ill gi e o

ome nancial b ea hing oom hen i co n . n ead of allo ing an eme genc o
de ail o nancial plan , o can e ho - e m a ing o a on he aigh
and na o .

2. Pa high-i e e deb
Once o ha e a mode eme genc f nd, o e clea o a pa ing o deb . B
ho , e ac l , ho ld o pa o o deb ?

Some people like o pa o malle deb o f ee p mo e ca h fo la ge

pa men . B if o e ic l conce ned i h long- e m nancial bene , pa o
o highe -in e e deb .

Fo e ample, if he in e e on o c edi ca d i 15% and he in e e on o ca

loan i 3%, o o ld pa o he c edi ca d .

ne e an fo m o deb in o an eme genc . High-in e e deb c ea e a

icio c cle of con in o deb ha keep o on he lende ' hook. P e en
in e e f om acc ing b ackling high-in e e deb .
3. e
Did o kno ha onl 58% of Ame ican a e a ing fo e i emen ? Social ec i
(if i ill e i ) likel on co e o co of li ing hen o op o king, o
in e ing i i al o p o ec ing o elf in o golden ea .

Once o e add e ed he o of o deb and ha e a li le nancial iggle

oom, begin in e ing. f o e in o en ie and feel like o don ha e eno gh
mone o in e , do i an a . Time i on o ide igh no , and e en mode
con ib ion ha e a big e ec . n e ing j $50 a mon h can eap h ge di idend
hen i ime fo o o e i e.

A k o emplo e abo a e i emen ma ch on a 401k, in e in inde f nd like

Vang a d, o a a SEP RA if o e elf-emplo ed.

emp ing o enjo o nancial f eedom b e panding o life le, b f nnel

ha ca h in o e i emen in ead. Yo ll hank o elf la e .

4. B g- e a i g
Yo e a ed a mode eme genc f nd, paid o high in e e deb , and
con ib ed o e i emen . The la ep i o b lk p o long- e m a ing .

Be e o open a a ing acco n fo hi p efe abl one ha o e high- ield

in e e a e . Ca h in he bank of en eq a e o f eedom: a ing can go o a d
o kid college ed ca ion, a home, o medical bill . The poin i o ha e liq id
ca h in he bank o co e o need , ha e e he a e.

Wh Y Ca Sa e F e e
Sa ing i e en ial fo o nancial heal h. B he e a di ec e o need o
kno abo a ing : in a ion de o a ing .

admi able if o e ocking a a 15% of o income e e mon h. B in a ion

can of en mo e fa e han o , hich mean he 15% o a e oda j on be
o h he ame amo n in 10 - 15 ea .

good o ha e a ing , b o can a e fo e e . Yo need o decide on a

a ing c o poin . i $20,000 in ca h?
O ma be $50,000? Yo a ing goal ill depend on o nancial goal , b he
le a e ill he ame: op a ing once o e eached o goal.

n e men a e a be e e of o mone . Managed co ec l , he can o pace

in a ion and g o o mone o e ime. E en high- ield a ing acco n on
make o mone o k fo o a ell a in e men can.

f o a e o mone in ead of in e ing i , o e mi ing o on he bene of

ime and in e e , hich a e e en ial fo inc ea ing o eal h o e ime.

10 M e Ma age e Ti Tha Y Ca U e E e da

No ha o kno all of he do and don ha come i h managing o mone ,

i ime o lea n a fe hing ha o can do e e da o help keep o nance
in check.

U e he e en ip o a e mo e mone , keep o b dge on ack, and lea e

o elf i h mo e mone in o pocke and le in deb ha o ha e o pa
back.

1. Li e be ea h ea
f o b mp p o ala f om $50,000 a ea o $65,000 a ea , don go hog ild
and b a ne ca . n ead, con in e li ing a he ame le el a hen o ea ned
$50,000.

S e, o can ea o elf o a nice dinne o mall celeb a ion fo he ala

b mp, b don b big- icke i em ha ill ie p o income e e mon h.

Keep o life le a mode a po ible. m no a ing o ha e o li e like a

he mi , b hink ice befo e o b mo e i h a ai e. F nnel i o a d
deb , a ing , o in e men in ead.

2. Sa e e cha ge
Small hing become bigge hing i h a li le ime. Loo e change i like ha : one
penn doe n do m ch, b i h h nd ed of pennie , o ddenl ha e eno gh
mone o b g oce ie .
T a ing all of o loo e change and ca hing i in a once fo a nice mini-pa da .

Thi i a nice idea in heo , b o be hone , mo people don ca ca h he e

da . On he o chance ha o do, be e o a e ha change, he he i in an
old pean b e ja (no j dgmen ) o a fanc pigg bank.

f o make i a habi o pick p pennie , nickel , and dime in he g oce o e

pa king lo , o ll ama a id amo n of ca h, oo. Yo can e en n hi in o a
f n ide hobb i h a me al de ec o : go o pla g o nd o beache o nd loo e
change galo e!

Ho e e o come b hem, coin add p o e he co e of a ea . Yo can op

b CoinS a o oll o coin and d op hem o a he bank. Yo can ea il eclaim
$50+ alone j i h hi habi .
3. Lea h ha e f f f ee
The e no hing ong i h going o he mo ie , g abbing d ink i h f iend , o
blo ing mone on c af pplie a Michael .

B if all of o ocial o le co mone , o ll q ickl eali e ha he e

ociali a ion a e d aining o bank acco n .

Socie ell ha o ha e o b o ha e f n. B ha no e a all! And

he mo e mone o pend on hing ha a en impo an o o , he le o ll
ha e o ol e o nancial p oblem .

Challenge o elf o nd a f ee o lo -co hobb . Tha migh mean pla ing

ba ke ball i h o kid , a ending a choi p ac ice o e Zoom, o making pc cled
c af . migh eem bo ing a ,b o ll feel m ch mo e engaged and happ
af e an ac i e, lo -co hobb han o o ld af e a $60 b nch i h he gi l .

4. Gi e efac -d ei d
Ha e o e e bo gh ome hing pid on an imp l e and eg e ed i la e ? We e
all been he e, he he i b ing a d e o e ne e going o ea o in e ing in
o co in doomed a p.

B e emo e i a f l and, depending on ho m ch o pen , imp l e

p cha e can eak ha oc on o nance . So, fo all non-e en ial,
non-eme genc p cha e , o need o ai 48 ho befo e o ipe o debi
ca d.

Thi i a g ea mind ick beca e a cooldo n pe iod gi e o pace o con ide

he p o and con of o p cha e.

n ead of b ing ome hing in he hea of he momen and eg e ing i la e ,

o e able o make mo e a ional deci ion ha p o ec o mone .
5. Chec b dge ee
Yo can be in con ol of o mone if o a en looking a i . Yo make be e
mone deci ion hen o e a a e of o b dge , o o need o make
b dge ing pa of o eekl o ine.

Spend 15 - 30 min e e e S nda all ing e pen e , planning fo he ne eek,

and making adj men in o pending habi .

Fo e ample, if o en o e boa d on akeo meal hi eek, o kno o

need o ein i in ne eek o a on a ge fo he mon h.

f o don ha e a b dge e , plea e make one. Yo can do nload b dge ing app
o make he p oce e en fa e . Whe he o c ea e a eminde on o phone o
calenda e en , hi ma mone habi i a m o con ol o mone .

6. Se SMART fi a cia g a
Once o ee o pending in black and hi e, o ll p obabl feel e ed p o
make change . So h no e goal ?

S e, mo people don comple e hei Ne Yea e ol ion , b you ha e he

po e o mee o nancial goal . Follo he SMART goal- e ing f ame o k o
help o ge ac o he ni h line.
Goal like, an o pa o $2,000 in deb b J ne o an o imp o e m c edi
co e b 50 poin befo e 2022 a e g ea . The mo e a a e o a e of o goal ,
he mo e likel o a e o check in on hem and ee cce .

7. P a ea
a terrible idea o g oce hop i ho a men . Fi of all, o ll b food o
on e en ea beca e o ha e no plan fo i . Second, o migh no b eno gh
food, hich lead o mo e ip o he o e.

E en if o ge akeo f eq en l , o ill need a meal plan. Yo need some kind

of an idea of ha o e ea ing hi eek.

Make meal planning an o ganic pa of o eek. T planning o men on

Th da , i ing o g oce li on F ida (Google Keep i a g ea f ee app fo
hi ), and g oce hopping on Sa da .

To ake hi one ep f he , p e-cook componen of o dinne fo he eek

ahead of ime. When i ea ie o ea a home, o e le likel o g ab p ice
akeo , hich a e a lo of mone !
8. Chec f c bef e b
Yo ho ld ge in o he habi of looking fo co pon o di co n code befo e o
b ome hing.

Yo don need o be an e eme co pone o an hing, b pa ing o ea ch fo

co pon befo e o b ome hing i a ma mone habi . Wh pa mo e?

Con l G o pon if o e looking fo di co n ed e ice , like hai c , kid

ac i i ie , o e en . f o e hopping online, look fo di co n code befo e o
check o . Yo can a e a lo of mone h o gh Re ailMeNo and O e .com.

The ke i o b hing o e e going o p cha e an a . Co pon on help

o a e mone if he enco age o o b ome hing o e en going o
p cha e.

9. Sa e a d deb
Do o ha e eno gh a ing o co e a $600 eme genc ? Do o ha e a on of
npaid deb eighing o do n?
Yo need o o e e ce f nd o ei he a ing o deb pa men . S a i ha
$600 eme genc f nd befo e o agg e i el pa do n deb . f o ca i e go
a, o a ing ill be able o co e ha e pen e o o don dig o elf deepe
in o deb .

The be a o a e o pa o deb i o dedica e a pe cen age of o income o

bo h e e mon h. Fo e ample, a e 15% of o income and appl ano he 10%
o deb .

The e ac pe cen age ill di e depending on o i a ion and goal , b o ge

he idea.

Yo can e en a k o bank o a oma icall d af f nd f om o acco n and

o e hem o a ing o deb pa men . Thi a , o don e en ha e o o
abo an fe ing mone ; i help o b ild eal h a oma icall .

10. S a h e e e
f o an o b lk p o a ing acco n o pa o deb , o need mo e
b ea hing oom in o b dge . Fo mo people, i mean c ing back on
e pen e . Yo e go o c ea e ome kind of gap ha f ee p e a ca h e e
mon h.

Make i a habi o ee hich e pen e a e o h c ing. Don elimina e an hing

ha impo an o o ; if o an o ge S a b ck e e da and i mean a lot o
o , go c a . Onl pend f nd on he hing ha ma e he mo and elimina e
ha doe n ma e .

T c ing e pen e like:

● Cell phone bill : S i ching o Google Fi. Yo can a e thousands of dolla .
● Clo he : B clo he f om h edUp o econd-hand o e .
● Food: S op ea ing o and cook 90% of o meal a home. Onl g ab
akeo a a ea .
● Salon ea men : Go au naturale o a e mone . Mani-pedi a e f n, b
he e ecking o nancial goal .
● Ren : T nego ia ing i h o landlo d. The o he can a i no.
Li e f gall and elimina e nnece a e pen e o f ee p ome ca h. migh
onl be $50/mo o a , b ha eno gh o ha e an impac on o nancial
heal h.

H T Ma e S a M e Habi S ic
Oka , o e all kno e need o keep a b dge . Yo kno o need he e ma
mone habi , b af e a fe eek , o j can ee hem h o gh. We e all
been he e.

Habi onl co n if o do hem con i en l . B ome ime o need a li le help

ho ing p, e peciall if i o nancial li elihood on he line. n ead of falling
o he agon, he e 5 ip o make mone habi ick.

1. D a 30-da cha e ge
People lo e he Whole30 challenge beca ei ea o mea e. And ho doe n
lo e a good challenge?
T he e nancial habi a a 30-da challenge in ead of a a eg la habi a .
Thi a , o ea e o he kink and make he habi o k fo o . Af e 30 da ,
o ll be on he oad o fo ming a f ll- edged habi de igned fo o i a ion.

2. Ma e i a f dai i e
ha d o make ome hing , like deb pa men , a dail hing. B ome mone
habi , like acking o SMART goal , can be pa of o dail o ine.

Whe he o c ea e a deb pa o he mome e o i e o goal on a

hi eboa d, do ome hing dail o make o ne habi ick.

3. Se e i de
Fo ge f lne i he enem of con i enc . C ea e eminde on o phone,
comp e , o pape calenda o check in on o habi . T c ea ing a dail ick bo
o help o a) emembe a habi and b) e a d o elf fo aking ac ion.

The mo e a a e o a e of he habi , he mo e o do i , and he mo e likel i i o

ick.
4. H d e f acc ab e
ha d gi ing p bad habi . Pai p i h o po e, f iend, mom, o kid o hold
o acco n able fo o ne mone habi .

Tha e a la e of mo i a ion and ppo i impo an in momen of eakne .

5. D de i e ef
Yo ho ld ee habi a a good hing, no a ome hing ha painf l. When o
ea o elf on occa ion, i help o a ocia e good habi i h good ho gh .

n ead of dep i ing o elf, nd lo -co ea ha o lo e. Tha migh mean:

● Baking cookie
● Taking a b bble ba h
● Sleeping in
● Bingeing a ne Ne i ho

Yo ge he idea. F gal li ing i abo enjo ing life on le mone , o don fo ge o

enjo o elf. ll make i m ch ea ie o ick i h o ne habi .

The B Li e
Habi a e po e f l hing . Bad habi can q ickl in o nancial a e, hile
good habi b ild p o eal h o e ime. B life i ha d, o if o e ggling o
make good choice , in i e ic nancial habi in o o o ine.

De eloping ma habi and ha ing a plan fo o mone e e ime o ge i i a

good place o a , b emembe o make o habi ick o ee he ma im m
bene .

Remembe ha life ill change. The a ha o manage o mone oda likel

i n ho o managed i 6 ea ago. Yo migh no need o check o b dge
e e eek fo he e of o life.

Pe onal nance i a pe onal jo ne , o le o habi change a o i a ion

change . Whe e e o an o go, nancial cce boil do n o con i enc , and
good habi ill ge o he e.