We all want to feel confident about our money – to know where it’s going, how it’s working for us and that we’re on track to hit our goals. But too often, life (and bills!) get in the way.
That’s where these six steps come in. Think of them as a roadmap to future financial success, whether you’re just getting started or ready to level up. Working together, they’ll help you move from awareness to action and ultimately to financial freedom.
Ready to begin? Step one starts with a little self-awareness…and maybe a peek at your latest bank statement.
# 1 IDENTIFY WHERE YOUR MONEY IS GOING
Before you can plan your future, you’ve got to know what’s happening in the present. Yes, as scary as it sounds, that means actually looking at your spending.
Once you’re clear on where your dollars are going, you can make smart tweaks that line up with your goals – and feel more in control of your cash. Here’s a helpful article to get you started.
#2 KNOW WHY YOU SPEND THE WAY YOU DO
Are you a “treat yourself” type or a “save for a rainy day” kind of person? Knowing your “MoneyType” can totally change the way you make decisions.
Understanding your financial habits (and where they come from) helps you build a plan that actually fits your life. Find out your MoneyType here.
#3 GIVE YOUR FINANCES A CHECKUP
Just like our physical health, your financial health needs regular checkups. Ask yourself:
- Am I spending within my means?
- Am I saving enough each month?
- Are my housing costs reasonable?
Once you know where you stand, you can make small adjustments that lead to big long-term wins. Tune into this podcast for a deeper dive.
#4 KNOW YOUR VALUES
What matters most to you? Leaving a legacy? Travel with loved ones? Owning your own home? Whatever your values, your spending and saving should reflect them.
Money is a tool and it should help you live the life you want. Here’s how to align your money with your values.
#5 BUILD YOUR GROWTH MUSCLE
Save. Pay down high-interest debt. Invest regularly (even small amounts!). Building – and sticking to these habits – is the key to growing your net worth. Here are personal finance hacks to start flexing that money muscle.
#6 IDENTIFY THE VARIABLES FOR YOUR RETIREMENT
Did you know 74% of women don’t have a financial plan for retirement? If you’ve ever wondered how much you should be saving, you aren’t alone. It all starts with asking yourself the following questions:
- When will I take Social Security?
- Will I stay in my current home?
- Will I have part-time income?
Retirement plans aren’t one-size-fits-all. For more on the factors you need to consider, click here.
BONUS: GET HANDS ON WITH FINANCEFIXX
FinanceFixx is HerMoney CEO Jean Chatzky’s proven money makeover methodology that’s been featured on NBC’s Today Show, Oprah and PBS’ Opportunity Knocks.
Our programs are for you if:
- You’re 10 years (or less!) from retirement and aren’t sure you’re ready—or even know how much to save for retirement.
- You’re tired of not having a plan for your money.
- You want real, lasting change—not quick fixes.
- You value personal support from a certified financial coach.
FinanceFixx programs have helped thousands of women feel confident about their money – whether they’re struggling with debt, building emergency savings, or calculating how much to save for retirement before it’s too late.
Most say the program pays for itself – and helps them make lasting changes to save thousands. You can learn more here.
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