Financial goals for women

Published on June 30, 2011 by The Editor · No Comments

Live beneath your means. Lindsey Agness reveals financial planning ideas for women

FORTUNATELY, there are steps women can take to improve your financial prospects and future. Basically live beneath your means and here are some practical steps to help you get your finances on to a solid base for the future.

Make sure your goals are smart
Setting financial goals is the key to financial success. Write down your financial goals on paper. Make sure they are SMART (specific, measurable, achievable, realistic and timed). State the goal, when you want to get there and what you will do to make it happen.

If you’ve always had trouble staying on a budget, develop a weekly or monthly spending plan.

Invest what’s left over
Spending less than you earn is the secret to accumulating wealth. This is a simple fact that many of us pretend not to know. If you want to accumulate wealth, live beneath your means and invest what’s left over.

Money demands attention. Money gets frittered away when it’s not managed. Track your income and expenditure each month, rather than stuffing your bank statements away in a drawer without even looking at them.

Know where your cash flow is
Reconciling everything you’ve spent each month against your bank accounts ensures that you know what your cash flow is at all times and you guard against any fraudulent payments. More next time…

Lindsey Agness is wowdewow personal development specialist. She is a best selling author

Do you live beneath your means? Or are you like everyone else? Confessions welcome