3. Make a financial plan - Deepstash
3. Make a financial plan

3. Make a financial plan

You must first determine your budget before taking any meaningful measures. Do you realize how much debt you have in total? How much do you charge?

You may begin by making a list of all of your existing debts.

Consider the following scenario:

credit card debt $6500.54

student loan $11,074.44

car loan $8,284.10

second credit card debt $2,366.15

other expenses $2,545.63

Be as precise as possible. No numbers should be cut off. Be as precise as possible

40

196 reads

CURATED FROM

IDEAS CURATED BY

hackedongrowth

I am the 1% that is never satisfied. Follow me on Medium

What’s up, it’s @hackedongrowth here, The majority of individuals nowadays are in debt. Maybe you owe money on your school loans? Or a home loan? Perhaps you owe a lot of money to your business? Whether you’ve maxed out your credit card or are drowning in a sea of business loans, figuring out how to get out of debt might be difficult.

The idea is part of this collection:

Happiness At Work

Learn more about personaldevelopment with this collection

How to create a positive work environment

Techniques for cultivating gratitude and mindfulness at work

How to find purpose in your work

Related collections

Similar ideas to 3. Make a financial plan

How to calculate net worth

  1. Add up the total valued of your cash and other assets. Items could be cash, stocks, bonds, DCs, 401(k), real estate, the money you're owed. Your goal is to determine how much these assets would be worth if you were to convert them into cash.
  2. Then subtract all...

Building a budget

  • The traditional budget starts with tracking expenses, getting rid of debt, and then building an emergency fund.
  • But you can speed up the process by building a partial emergency fund. It will act as a buffer to replace the use of a credit card for e...

Budgeting your money is the cornerstone of a sound financial plan, and seeing all the numbers in black and white can offer valuable perspective on where your mone...

WES MOSS

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates