Looking for save money recommendations to improve your financial positions and to solve money issues ? Barring tragedy, you will live to a ripe, old age. Aliche recommends naming your 80-year-old image of yourself. “Mine is Wanda. I imagine Wanda sitting on the front steps in her yard. People feel disconnected from their older self. The more you can picture her, the better. I don’t want to see her mopping floors at 80. When I’m making a decision, I think, ‘How will this affect Wanda?’ If I dip into my retirement funds to buy an expensive car, that’s going to hurt Wanda.” If it’s easier, pretend you’re living with your grandfather or grandmother. “You’re not going to tell Granny, ‘You have to go to work. We need the money,’” she says. Try a free Retirement Planner to help you calculate when you can retire without jeopardizing your lifestyle.
Spend 1-3 Hours Per Week Reading About Finances and Investing: If you want to learn how to take control of your finances, you need to read. Doesn’t matter if this is books, blogs, or other well-known publications. Just a few hours a week can change your financial life. I got in this habit in late 2014 and continue this process today. You’ll be surprised at how much you learn in a short amount of time. Related: Looking for budgeting, investing, and money tools or apps? I’ve listed some of the best ones that will help you succeed with your personal finances. Check out my recommended list here. See more info on Personal Finance.
70% of Americans don’t have a will. If you have dependents, no matter how little or how much you own, you need a will. If your situation isn’t too complicated you can even do your own with software like WillMaker from Nolo Press. Protect your loved ones. Write a will. If you don’t keep good records, you’re probably not claiming all your allowable income tax deductions and credits. Set up a system now and use it all year. It’s much easier than scrambling to find everything at tax time, only to miss items that might have saved you money.
Communicate With Your Significant Other: Notice how I wrote significant other; this financial tip doesn’t just apply to married couples. Money fights can affect any relationship. The best way to avoid fighting about money with your S/O is to talk to them about it. Remember that you’re a team! You should be talking to each other about your financial goals, and you should set a date once a month to go over your finances together. I recently started doing a monthly money meeting with my girlfriend and it’s actually been pretty fun. We get to see where each other are at with our financial goals and we keep ourselves motivated to accomplish those goals. The bottom line? Don’t let money ruin a great relationship. Source: aspiretomoney.com.