1. Set financial goals
One of the first steps in establishing a healthy relationship with money is setting financial goals. Having a specific goal can help you stay motivated and focused, and can provide a sense of di=rection and purpose. Consider setting both short-term and long-term goals, and be sure to make them SMART(Specific, Measurable, Attainable, Realistic, and Time-bound). For example, a short-term goal might be to save $500 for an emergency fund, while a long-term goal might be to save enough for a down payment on a house.
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What are some tips for having a healthy relationship with money? | By Aymar Audry | Tealfeed
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Eager to share ideas I find from books and other useful videos. "Some people dream of success, while others work for it."
It's a common issue, and one that can have a big impact on your financial well-being and success.
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Similar ideas to 1. Set financial goals
Setting Goals
- Focus on one domain at a time.
- Write down your goals. This makes you more likely to take action.
- Goals should be SMART: specific, measurable, attainable, realistic and time -bound.
- Set a combination of immediate, short term (days to weeks), medium term (weeks to month...
Set S.M.A.R.T. Goals
Each goal you set should be S.M.A.R.T. — Specific, Measurable, Attainable, Relevant, and Timely.
- Specific: The more specific your goals are, the better chance you have of achieving them.
- Measurable: Can you identify milestones to hit along your way to success?
SMART Goals are Not Smart
Most of the books dealing with goal-setting talk about S.M.A.R.T. goal framework - goals that are: Specific, Measurable, Attainable, Relevant, Time-bound.
While this is a good start, being time-bound in our new self-commitments has its drawbacks.
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