Being in financial distress is not always related to a single event. Many times it is the impact of minor bad decisions over a long period of time that can be the cause. There are five financial habits that can be very detrimental to your long term financial success. Changing these habits will make a dramatic difference financially. The five habits to change are: having an expensive daily habit, irresponsible credit card use, buying a car every two years, making many small purchases instead of one large purchase and the number one habit to change is using “hoping for the best” as your financial planning model.
Another year has come and gone. And while it’s exciting to think of the New Year and new beginnings, there is also value in reflecting on the past. From a financial perspective, taking a look back at 2015 can help you lay the foundation for moving forward in 2016.
Even though 2015 is coming to a close quickly there is still time to make several smart financial moves that can make a big impact on your financial situation for 2015 and beyond. There are several different aspects of your life that can be impacted with a few quick financial actions before the end of the year.
If you’re interested in investing, take a look at these easy to follow steps to get started!
Before transitioning from renter to homeowner, it’s important to consider the true costs of home ownership. To find out what you can really afford, make sure to include items from the list below in addition to the sale price of the home.
Financial concerns can be one of life’s biggest stressors for a lot of people, but did you know that saving money could actually help reduce your stress and improve your health? * Saving money can be simple, too. FORUM offers a 52 Week Money Challenge that is an easy incremental savings plan.
We all want to be successful financially and yet it is the one aspect of our life we often neglect when it comes to the basics of achieving success. Success is usually derived from a solid plan much the way teams are successful in sports.
Do you ever find yourself justifying your spending? Using reasons like: it’s on sale, or I deserve to treat myself to a lavish vacation or I don’t make enough money to save. Excuses like this could really be derailing your financial success, maybe it’s time for a financial intervention.