Agnes Chikukwa Hove
Smart Money Habits
Use these 10 Simple Steps to help you get smart about your money.
1. What's Behind Your Financial Decisions
Before you create a budget or make spending cuts, take the time to determine what you spend your money on, and what you value most.
2. Get Organized
Manage your financial documents — and your time. Have a file for all your financial documents, or use a financial app if you prefer.
3. Know Where Your Money Goes
Keep track of your expenses and find your spending leaks.
4. Shop Smarter
Make smarter spending decisions to "find" money without actually spending more.
5. Review and Reduce Your Debt
Identify your debt and have a plan to pay it off. List your debt; who do you owe, how much do you owe, when is payment due and at what interest rate?
6. Build a Strong Credit Rating
Maintain a strong credit rating to accomplish your long term financial goals.
7. Save For Your Future
Pay yourself first to save money, create an emergency fund and start a strong retirement income planning program.
8. Set Financial Goals
Set clear financial goals. Track your goals and celebrate milestones to reach your financial dreams faster.
9. Create a Spending Plan
Use a spending plan to ensure your daily spending habits don't overwhelm your goals.
10. Invest Money to Reach Your Goals
Watch your money grow as you invest to reach longer-term objectives.