13 Feb It’s Valentine’s Day, Give Your Money Some Love

Don’t buy into the Valentine’s Day hoopla?

Redirect that love and take care of something close to your heart. Your house, your garden, your dog. And… what about your money!?

Some tips to get started below.

1. Check how much interest you are earning on your cash. If you have this sitting in low paying bank savings, move a portion to a high interest account.

2. Review your subscriptions and eliminate all those that you are not using or are no longer a fit for what you are creating for yourself this year, in life and with your money.

3. Come up with a new plan to tackle your debt. Don’t be put off by the mountain if there is one. Just take action, one step at a time. Start with your highest interest debt first, then once that is paid off, add that monthly amount into the payment for your next highest interest debt. For a quick sense of accomplishment, you can also plan to pay off your smallest debt first.

4. Set a money meeting with your partner. You know you have different ideas and feelings about money, so keep it light and be curious, versus judgmental. Make your money meeting a regular thing – put it on your calendar.

5. Set a new savings goal. For travel, a new car, a fabulous gift for that special person. Whatever it is, save towards it rather than paying back your credit card.

6. Don’t forget to pay yourself as your number one bill. Automate transfers to savings accounts and contributions to retirement accounts.

7. Create a money plan unique to you. What does it take for you to live your best life? This might take some inquiry into what your best life looks like. Not your neighbor’s or your friend’s or your parent’s.

#moneytips #smartmoney #inspiredfinancialplanning #inspiredwealth #financialplanning #heartstrongwealthplanning

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Prepared by Heart Strong Wealth Planning Copyright 2023.