“6 Tips For Managing Your Money” (Bountiful S12E2)

August 15, 2022

The concept of “Money Management” is a big one, so we’re breaking it down into six tips to help you improve some areas of your personal finance.

Know your financial situation. It’s important to know, based on actual numbers, how we stand financially. How much interest is our debt accruing? How are our investments growing?
Set goals. Create a financial plan with dollar amounts, a time-frame, and steps you can take to reach your goals.
Make sure you’re giving as you’re prospering. Again, check the numbers to verify your giving divided by your income is where you’d like it to be.
Look out for opportunities. Be observant & make up your mind to take advantage of opportunities when they show up.
Commit. There will be distractions and temptations to pull you away. If you’re committed to improving your stewardship, it’ll be easier to overcome these obstacles.
Don’t allow discouragement to win. If you normally allow setbacks to get the best of you, be patient with yourself and practice looking at problems optimistically.