PERSONAL PLANNING IS ABOUT BEING IN CONTROL OF YOUR MONEY
Everyone has different financial goals, income levels and debt commitments. But it’s difficult to make progress until you have a clear idea about your current financial situation and be in control of your money. RIVAL Wealth will guide you through this process but here’s some helpful tips you can use right now.
Find out what type of spender you are
Before you begin to sort out your finances, you need to know your current reality. Take our quick quiz and know your spending habits. There are some handy tips to help you make any necessary tweaks. Also use our Cash management worksheet.
How to set up your financial goals
Make your goals SMART – Specific – Measurable – Achievable – Realistic and Timely. Click here to view some examples of financial goals, then complete your own goals using this worksheet.
There are proven methods that work to eliminate debt
While there are many options to reduce your debt, it’s about finding what works for you. We have many solutions so here’s just one example to consider. It’s called the ‘Snowballing Method’, and here’s an example of how this works.
When plan A doesn’t work, you need to have a plan B…
The basic fundamentals of getting ahead are spending less and reducing debt – but this is easier said than done as you never quite know what life is going to deliver. Having a plan is a good place to start to be in control of your money and this is where RIVAL Wealth can help.
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