Financial Success Ten Steps To

Set a goal: Ask yourself what financial independence means to you and de- termine your “enough” point. If you’ve already reached it and continue to work long hours to buy more stuff, it may be time to re-evaluate your priorities.

Keep good records: Balance your check-

book every month and use that account only for ready cash and bills (the rest goes into savings). Create a bill file and pay them on time. Knowing how much money is coming in and out is critical to relieving anxiety and will save on fees and fines.

Save: Every woman needs a safety net in the form of her own savings account. Remember that on average, half of all marriages end in divorce, women tend to outlive their husbands and other relation- ships often end. Ultimately, you should have living expenses for six to eight months saved. Put something in the account each month, even if it means making a lower payment on a household credit card.

Get out of

debt: Pay off the highest interest rate credit card first; once it’s at a zero balance, shift all that money to another one. To avoid racking up debt again, envi- sion what you would do if you didn’t have that monthly payment and put a picture depicting it on your refrigerator or stick a Post-it note describing it

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on your credit card as a reminder.

Spend thoughtfully: Consider money

spent as “life energy.” Every time you spend, ask yourself: Is it worth the life energy (or time spent working) it will take to earn this amount back?

Open a retirement account early: As

with savings, many women tend to leave the couple’s retirement account up to their husband, but you need your own. Start today by socking away a reasonable portion of your income each month. De- pending on the investments you choose and what the market does in coming decades, that could amount to a nice nest egg by re- tirement age. Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64