Dollars and Sense: how to manage your money -

Many people, especially women, don’t put the effort into managing their own money. We want to encourage you and offer some advice on how to manage your money for yourself, to gain control of your financial life and confidence in your future.

Make money matter

Making money matter is not about worshiping money. Money is a dynamic commodity that can make your life better or add misery to your life. If you want to have money, take care of the money that you have. Manage it, care for it, preserve it. Business consultants often advise their clients to handle all financial matters relating to cash at once. That includes safeguarding it, banking it and controlling it. That advice is also good for individuals. Taking all of these actions will help you become more money-management conscious. Take care of your money and it will take care of you.

Account for cash

If you make the decision to protect and properly manage your money, you will need an accounting process. Keeping track of your money will pay huge dividends. The process you choose can be as simple as writing notes on a pad of paper. If you place your money in a savings account, you will be given records that show how your money increases as the result of interest paid on savings. Keeping records on where your money is and what you intend to do with it is a simple start towards financial planning. Good things happen when you take care of and manage your money effectively.

Spending and debt

Overspending and burdensome debt are partners in crime! The more you spend, the more you will have to pay back. There is always a consequence to overspending. Shopping is a most dangerous way to mismanage money because it can be so much fun. Once the fun is over and the debt remains, the moment of truth is upon you. The question must always be asked, “Was it worth it?” Usually the answer to that question is “no”. Why then, do so many continue to make the same mistake?! It is because they do not make the decision to say “no” before temptation sets in. Committing to saying “I don’t need it” helps you to attain your financial goals.

Remembering your goals

Achieving financial goals is just like achieving any other goal. The goals must be established by clear thinking and planning and executed by taking the precise steps outlined in your plan. Gaining control of your money is a great start in gaining control of your life. Many who like to spend and have little or no saving inclinations are often out of control. Living with your goals brings you incredible power. This personal power will enable you to make tough decisions and to say “no” when you want to say “yes”. Confidence and power go hand-in-hand. The more confidence that you demonstrate in sticking to your plans, the more power you will have to meet your financial objectives.

Prepare for prosperity

In the past you have heard of the steps to create your own prosperity. However, it is sometimes difficult to think of prosperity as a possibility when you are burdened with the pressured of debt, and at Women and Money Inc. we clearly understand this. The surprising answer may be that the surest way you have to achieve prosperity is to get out of debt! Then to use the money previously spent for debt payments towards strategically building your prosperity. Any woman can become rich by simply using this tactic. It is a very simple and extremely effective procedure. Pay off debt and purchase your own prosperity. You really can become wealthy by utilizing your own money as savings rather than spending it.

All that’s left now is to contact Women and Money and learn how to just do it! You will be glad you did! We are here for you today!

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